fundraising


Evergrande’s EV firm jumps 60% on $3.4 bn fundraising plan

Evergrande’s EV firm jumps 60% on $3.4 bn fundraising plan

(ATF) The Hong Kong-listed electric vehicle (EV) firm set up by debt-laden property giant China Evergrande soared more than 60% during the day on Monday after it said it would bring in six Hong Kong and mainland tycoons to raise HK$26 billion (US$3.4 billion) to fund technology research and repay …

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TikTok peers race for Hong Kong listing

Chinese TikTok equivalents racing for IPOs in Hong Kong

(ATF) China’s two largest TikTok equivalents, Douyin and Kuaishou, are racing to raise capital through IPOs in Hong Kong to fuel their expansion into the e-commerce space. As monetization becomes a priority, ByteDance-operated Douyin and Tencent-backed Kuaishou are both tapping livestreaming sales to be the new growth engine.Chinese online short …

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