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If You're Going to Invest in a Chinese Stock, Here's What You Need to Know

If You're Going to Invest in a Chinese Stock, Here's What You Need to Know
nbcdfw.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nbcdfw.com Daily Mail and Mail on Sunday newspapers.

New-york , United-states , Shanghai , China , Hong-kong , Peng-zhao , Beijing , Phoenix , Arizona , New-york-stock-exchange , America , Chinese

CX Daily: China's Film Industry Suffers Brain Drain as Game Developers Poach Talent

CX Daily: China’s Film Industry Suffers Brain Drain as Game Developers Poach Talent
While the film and TV industry were suffering during the pandemic, video game developers were thriving. Photo: VCG
Game /
In Depth: China’s film industry suffers brain drain as game developers poach talent
More VFX is doing well for itself. The visual effects company appeared in the credits for four of the seven movies
released over the Lunar New Year holiday, the busiest period for China’s box office.
Previously, it won acclaim for its participation in epic blockbuster “The Wandering Earth,” adapted from a novella by China’s best-known sci-fi author Liu Cixin.

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New York Stock Exchange to delist Chinese property company for failing to report financial results

New York Stock Exchange to delist Chinese property company for failing to report financial results
ANI |
Updated: Apr 08, 2021 21:07 IST
New York [US], April 8 (ANI): The New York Stock Exchange has announced that it is planning to delist the Chinese online home platform Danke for failing to report its financial results and for not responding to repeated requests made by the American authorities.
The property company, formally known as Phoenix Tree Holdings, has not reported its financial results since the first quarter of 2020 when it posted a net loss of USD 188 million, the South China Morning Post reported. Danke was founded in 2015 has reported full-year losses in the previous three years.

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US stock exchange to delist Chinese property firm

US stock exchange to delist Chinese property firm
newzealandstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newzealandstar.com Daily Mail and Mail on Sunday newspapers.

New-york , United-states , China , Phoenix , Arizona , New-york-stock-exchange , Chinese , American , Holding-foreign-companies-accountable-act , York-stock-exchange , Phoenix-tree-holdings

US stock exchange to delist Chinese property firm

US stock exchange to delist Chinese property firm
singaporestar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from singaporestar.com Daily Mail and Mail on Sunday newspapers.

New-york , United-states , China , Phoenix , Arizona , New-york-stock-exchange , Chinese , American , Holding-foreign-companies-accountable-act , York-stock-exchange , Phoenix-tree-holdings

China rental company's shares have cratered 76% this year as the shine of debt-fueled growth fades

China rental company's shares have cratered 76% this year as the shine of debt-fueled growth fades
CNBC
12/17/2020
Arjun Kharpal
New York-listed Phoenix Tree Holdings, which owns Danke, has seen its share price collapse more than 76% since its IPO in January.
The company leases properties from landlords on a long-term basis and then rents them to other people.
But most Danke renters pay a year's worth of rent upfront by taking out a loan — which has caused problems.
© Provided by CNBC
The app of Danke Apartment is displayed on the screen of a mobile phone on November 18, 2020 in Yichang, Hubei Province of China. (Photo by/VCG via Getty Images)

Guangzhou , Guangdong , China , Beijing , Phoenix , Arizona , United-states , Yichang , Hubei , Chinese , Jing-gao , Exchange-commission

A Chinese WeWork for Apartments Is in Distress, Leaving Renters Out in the Cold

Markets
A Chinese WeWork for Apartments Is in Distress, Leaving Renters Out in the Cold
Protests by aggrieved renters have prompted local housing authorities to work with Danke Apartment to resolve its financial crisis
Danke Apartment co-founder Jing Gao (fourth from right, front) rang the opening bell at the New York Stock Exchange on Jan. 17.
Photo: Danke Apartment/Zuma Press
By
Updated Dec. 10, 2020 7:57 am ET
Financial troubles at a WeWork-like Chinese apartment provider are causing problems for hundreds of thousands of renters, forcing local governments in China and a bank backed by Tencent Holdings Ltd. to step in.
Before the coronavirus pandemic, Danke Apartment, the main business of New York-listed Phoenix Tree Holdings Ltd., rode a boom in the country’s housing and rental market and expanded rapidly using a business model similar to that of the U.S. office-space startup.

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