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By Jiahui Huang Shares of several Chinese financial services companies traded higher in the mainland and in Hong Kong on Friday on expectations that the sector may see consolidation after...
(Bloomberg) — Ant Group Co. outbid Citadel Securities LLC for Credit Suisse’s investment bank venture in China, in a surprise move that will be subject to close regulatory scrutiny, people familiar with the matter said. The bid by Jack Ma-backed fintech giant to build a securities business using Credit Suisse’s operations will face a thorough…
The industry’s battle with overcapacity may be drawing to a close after years of bruising price wars and rapid capacity build-up plunged half the players into the red and forced many out of business, analysts say.
A Hong Kong judge ordered Evergrande, a troubled property investment firm in China, to liquidate after saying the company had not bothered to offer a viable debt restructuring
Founded in February 2018, the Beijing-based firm previously sealed its Series B and B+ rounds at around $200 million in January 2022.