報紙頭版頭條-20210318 sina.com.tw - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sina.com.tw Daily Mail and Mail on Sunday newspapers.
Xiaomi-backed mobile terminal supplier Longcheer nets $100m in Series B
Xiaomi Mi 8 Lite. Source: Alejandro Morgado/Unsplash
March 12, 2021
Chinese mobile intelligent terminal solutions provider Shanghai Longcheer Technology has raked in $100 million in a Series B round of financing after the firm’s failed listing attempt three years earlier.
The deal was co-led by Chinese government-backed investment firm Shenzhen Capital Group, and Shenzhen Qianhai Wanrong Hongtu Investment Fund, a 4-billion-yuan dual-currency fund that specialises in venture capital (VC) investments in China.
Semiconductor-focused investor Accurate Capital; Jintaifu Capital Management, an investment platform of China’s Xiangcai Securities; and Huaxu Industrial Investment Fund participated in the round. Other investors include Forebright Capital Management, a fund management spin-off from Hong Kong-listed financial services firm China Everbright, and growth equity fund FutureX Capital.
SOURCE / ECONOMY By Global Times Published: Mar 08, 2021 05:13 PM
People walk outside the headquarters of the China Securities Regulatory Commission in Beijing. File photo: VCG
The Supreme People s Court said on Monday that it will severely punish crimes such as insider trading of company stocks, and have zero tolerance for crimes and irregularities in the capital market.
Chief Justice Zhou Qiang said the courts in 2020 severely dealt with on crimes such as manipulative activity in the securities and futures market, insider trading, underground money banks and money laundering, and the courts also severely cracked down on debt evasion, in a bid to maintain financial market order and curb financial sector risks.
How Hong Kong Plans To Dominate Green Finance: A Q&A With Leonie Kelly - Finance and Banking mondaq.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mondaq.com Daily Mail and Mail on Sunday newspapers.
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Luckin Coffee files for bankruptcy protection in New York
Luckin Coffee filed for bankruptcy protection in New York under Chapter 15 of the US Bankruptcy Law. All the company’s stores in China are still open and providing services to customers, and are expected to have no significant impact on daily operations. Luckin Coffee explained on its official Weibo that filing for bankruptcy protection is an important step in its restructuring plan.
Kuaishou shares surge after $5.4 billion IPO in Hong Kong
Kuaishou, a Chinese short video app, saw its shares jump after its US$5.4 billion Hong Kong IPO. Now the company is valued at US$159 billion. The company sold shares at the top of its price range in a deal that ranks as the world’s biggest internet IPO since Uber’s US$8.1 billion IPO.