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Analysis: Chinese flock to home-grown brands in golden opportunity for investors

He Shuang, a student at a U.S. university stranded in her home city of Chongqing in southwest China during the pandemic, has added more than 300 domestic brands to her list of favourites on Alibaba's (9988.HK) Taobao online mall.

China Tourism aims for $7 billion Hong Kong listing

China Tourism aims for $7 billion Hong Kong listing - sources Reuters 8 hrs ago By Scott Murdoch HONG KONG (Reuters) - China Tourism Group Duty Free Corp Ltd aims to raise up to $7 billion in a Hong Kong secondary listing, two people with direct knowledge of the matter told Reuters. The Shanghai-listed company plans to sell 5% to 10% of its stock in the listing, which could take place as soon as the third quarter of this year, one of the people said. The people declined to be identified as the information is not yet public. China Tourism did not respond to a request for comment on the size of the deal.

China Tourism aims for US$7 billion Hong Kong listing -sources

China Tourism aims for US$7 billion Hong Kong listing -sources
channelnewsasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from channelnewsasia.com Daily Mail and Mail on Sunday newspapers.

China Tourism aims for $7 billion Hong Kong listing - sources

2 Min Read HONG KONG (Reuters) - China Tourism Group Duty Free Corp Ltd aims to raise up to $7 billion in a Hong Kong secondary listing, two people with direct knowledge of the matter told Reuters. The Shanghai-listed company plans to sell 5% to 10% of its stock in the listing, which could take place as soon as the third quarter of this year, one of the people said. The people declined to be identified as the information is not yet public. China Tourism did not respond to a request for comment on the size of the deal. China Tourism, which Refinitiv data showed has market capitalisation of 577.9 billion yuan ($89.43 billion), filed for the listing with the Hong Kong bourse late on Friday.

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