Investor appetite in Hong Kong for Xiaomi’s stock is low due to a range of reasons which include overall market sentiments, Xiaomi’s valuation of the stock in comparison to its peers, and the fact that investors see it as a hardware firm as opposed to a hardware and internet services firm. Shares of Chinese smartphone…
ZTE’s U.S. ban has resulted in the Chinese firm losing $11 billion in market valuation. However, from Jefferies had placed a buy rating on its stocks on the Hong Kong stock exchange. In a significant development, ZTE Corp has received a temporary reprieve from the U.S. Commerce Department’s Bureau of Industry and Services government. The…
The israeli startup uses advance mathematics in machine learning and artificial intelligence technologies to help financial institutions identify the earliest signs of money laundering. On Tuesday, Israel’s ThetaRay stated, it has completed a funding round in which it raised more than $30 million, bringing the total amount it raised to date to more than $60…
Beijing-based, Cayman-domiciled Xiaomi priced its IPO at $2.17 – the bottom end of its indicative range. On Friday, sources close to Xiaomi Corp’s Hong Kong initial public offering (IPO) disclosed, the Chinese firm priced the IPO at the bottom of an indicative range, of HK$17 to HK$22, and raised $4.72 billion. Xiaomi is selling around…
Much of the U.S. government’s stance can be traced back to a report prepared by the U.S. Department of Defense, which warns of Chinese venture investors accessing “the crown jewels of U.S. innovation.” Although the U.S. Administration is pushing to protects national security interests by blocking Chinese investments in the field of artificial intelligence, machine…
Employing more than 1 million people, Foxconn’s export market includes both the United States and China. On Friday, Hon Hai Hon Hai Precision Industry Co Ltd, also known as Foxconn, stated the tariff war between the United States and China is more of a tech war than a trade war. This tech war is the…
The move is part of a larger, strategic bipartisan efforts by U.S. lawmakers to rein in collaboration between U.S. tech companies and their Chinese peers, especially in the field of artificial intelligence and machine learning which have application in the military. In a bipartisan move, Republican and Democratic lawmakers have asked Alphabet Inc’s Google on…
Xiaomi’s Hong Kong IPO is slated to be one of the biggest tech IPO globally in recent years. According to sources familiar with the matter at hand, Xiaomi plans on raising $6.1 billion from its planned Hong Kong IPO scheduled for launch this week. Xiaomi’s Hong Kong IPO is slated to be one of the…
According to CB Insights, Mercari is one of Japan’s two unicorns. On its market debut its market cap touched $7.4 billion. The other unicorn is Preferred Networks Inc, an IT startup. On Tuesday, the share prices of Mercari Inc, a flea market app operator, jumped by 100% in their stock market debut in Tokyo and…
Qualcomm is set to use NXP’s assets to diversify its business. According to a South China Monitoring Post report, China’s regulators have approved U.S. chipmaker Qualcomm Inc’s $44 billion merger deal with NXP Semiconductors. According to sources familiar with the matter at hand, the decision by China’s Ministry of Commerce clears a multi-months roadblock which…
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