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German fashion e-tailer About You seen listing at 23 eur/share - bookrunner

German fashion e-tailer About You is expected to price its stock market listing at 23 euros per share, in the middle of its marketing range, the bookrunners organising the deal said.

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Hong Kong stocks end lower as blue-chip tech, healthcare firms retreat

Hong Kong shares retreated from a three-month high to close lower on Wednesday as investors booked profits following a technology and healthcare rally, tracking a market correction in the mainland.

China , Beijing , Japan , United-states , Shanghai , Guangdong , Jilin , Hong-kong , Devika-syamnath , Thomson-reuters-trust-principles , Wuxi-biologics-inc , Alibaba-group-holding

Retailers, newspapers, printing firms oppose U.S. postal rate hikes

A coalition of retailers, newspapers, printers, greeting card companies and others oppose the U.S. Postal Service plan to hike postage prices for most mail by 7% and called on Congress to direct a new review before the hikes take effect.

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China regulator fines 15 tutoring firms for false advertising, fraud

China's market regulator fined 15 private tutoring firms for combined 36.5 million yuan ($5.73 million) for false advertising and pricing frauds, state media the People's Daily reported on Tuesday.

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Russia's Yandex snaps up fashion retailer to boost e-commerce push

Russian internet giant Yandex on Monday said it had agreed to buy online fashion retailer KupiVIP on undisclosed terms to enhance its Yandex.Market e-commerce offering.

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Germany's Bike24 plans to float in Frankfurt - sources

Germany's Bike24 plans to float on the Frankfurt stock exchange, sources familiar with the matter said on Thursday, in a deal that could value the online bicycle dealership at more than 500 million euros ($610 million).

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Turkish e-commerce platform owner Dogus Planet applies for IPO

Dogus Planet, the owner of Turkish e-commerce platform n11, has applied to the Turkish Capital Markets Board (SPK) for a domestic initial public offering, according to the draft prospectus.

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Germany's Bike24 plans to float in Frankfurt - sources

Germany's Bike24 plans to float on the Frankfurt stock exchange, sources familiar with the matter said on Thursday, in a deal that could value the online bicycle dealership at more than 500 million euros ($610 million).

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China hands Alibaba-backed Nice Tuan new 1.5 million yuan fine

By Reuters Staff
2 Min Read
FILE PHOTO: The logo of Alibaba Group is seen at its office in Beijing, China January 5, 2021. REUTERS/Thomas Peter/File Photo/File Photo
BEIJING (Reuters) - The Chinese market regulator has asked Alibaba-backed Nice Tuan to suspend its operations in Jiangsu province for three days and fined it 1.5 million yuan ($235,302) for failing to take action over product dumping practices and pricing fraud.
The State Administration for Market Regulation (SAMR) said in a statement on its website that the community group buying service provider had failed to correct wrongdoings in some areas since it was fined by the regulator in March, despite company claims of active rectification.

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Bike sharing shifts into a more manageable gear

4 Min Read
HONG KONG (Reuters Breakingviews) - Bike-sharing companies are back in the saddle after a brutal wipe-out. Survivors are now pedalling their way onto public markets in a fresh test of investor endurance.
A man rides a bicycle of bike-sharing firm Hellobike amid Hellobike bicycles placed on a plaza a day ahead of the World Car Free Day, in Zhengzhou, Henan province, China September 21, 2018. Picture taken September 21, 2018. REUTERS/Stringer
China invented so-called “dockless” shared bicycles: hardy vehicles unlocked by smartphone and left anywhere for the next user. Mobike and Ofo spawned dozens of imitators at home and abroad. A price war ensued, while bike-strewn sidewalks irritated municipal officials, who cracked down. The collapse was brutal: Ofo had raised $2.2 billion, per Crunchbase, before it failed.

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