Business

Strong Sales Help Chinese E-commerce Giant JD.com Beat Estimates

China’s JD.com Inc reported better than expected second-quarter revenue on Tuesday, boosted by stronger sales in its... Read more

Indonesias Kimia Farma Plans Rights Issue By Offering 1.5b New Shares

Indonesia’s state-owned pharmaceutical company Kimia Farma is planning to issue 1.58 billion of new shares in a right... Read more

Alibaba, Tencent Hope Earnings Can Counter Selloff In Wake Of US-China Trade War

China’s two largest companies have lost a combined $140 billion in market value since the escalation of the trade war... Read more

Chinas SDIC Secures Government Approval For London IPO

China’s state-backed energy firm SDIC Power Holdings has received government approval to issue 10% of its share capit... Read more

WeWork Likely To Disclose IPO Filing As Early As Next Week

WeWork Cos., is planning to make public its prospectus for its initial public offering as early as next week, according... Read more

Mekong Capital-backed Pawnshop F88 Raises $4.3m Through Bond Issue

Vietnamese private equity-backed pawnshop operator F88 has raised 100 billion dong ($4.3 million) through an issuance o... Read more

Jet Airways RP Seeks Nod To Liquidate Assets To Pay Pending Salaries

The resolution professional (RP) overlooking the bankruptcy proceedings of grounded Jet Airways (India) Ltd on Thursd... Read more

Uber Stock Tumbles After $5.2b Loss, Sales Miss Estimates

Uber Technologies Inc. failed to assure investors Thursday of its growth potential or that it can turn a profit anytime... Read more

Chinese Investment Bank AMTD Raises $174m In US IPO

Hong Kong-based financial services firm and investment bank AMTD International has raised $174 million in its initial p... Read more

IIFL Finance To Raise Up To $141m Through Public Issue Of Bonds

IIFL Finance on Monday said it will raise up to ₹1,000 crore through a public issue of bonds, for the purpose of bus... Read more

Indonesia Energy Corporation Files For $23m NYSE Listing

Jakarta-headquartered oil and gas company Indonesia Energy Corporation is planning to raise $23 million in an initial p... Read more

Everstone Capital Eyes Up To $100m IPO For Burger King India

Homegrown private equity firm Everstone Capital plans to launch a ₹500-700 crore initial share sale of its quick serv... Read more

China Mulls Allowing Local Investors To Buy HK-listed Popular Tech Stocks

Chinese authorities proposed rule changes that would for the first time allow local investors to buy shares of some pop... Read more

WeWork Close To Hiring JPMorgan, Goldman Sachs To Lead IPO

WeWork Cos. is close to naming JPMorgan Chase & Co. and Goldman Sachs Group Inc. to lead its initial public offerin... Read more

Chinese Drug Developer I-Mab Biopharma Said To File For US IPO

I-Mab Biopharma Co., a Chinese drug developer, has filed confidentially for a US initial public offering as the company... Read more