Chinese video platform iQIYI-backed Strawbear makes stellar HK debut Premium
East China’s Nanjing-headquartered drama series producer and distributor Strawbear Entertainment Group on Friday made a stellar trading debut on the Hong Kong stock exchange with its shares opening 19.05% higher at HK$7 ($0.9). The stock soared 83.67% to close at HK$10.8.
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Sina’s US Stock Market Departure Could Herald Wave of Chinese Delistings
News Analysis
Chinese internet firm Sina Corp. agreed to go private and delist from the Nasdaq stock market, 20 years after its landmark U.S. IPO that led to a wave of Chinese companies listing their shares in the United States.
Sina’s decision was crystallized after an entity led by its chairman, Charles Chao, sweetened the acquisition offer to $43.30 a share. New Wave Holdings, the entity making the takeover bid, increased its offer from its initial one in July of $41 a share.
Inglorious End of a Trailblazer
Sina, which was founded in 1998 by a group of software engineers, began as an internet portal.