Han Wei
Stories by Han Wei
Shanghai-listed drugmaker Biokin files for Hong Kong IPO to fund foray abroad
In January 2023, Biokin had raised $136m in its STAR Market IPO.
China’s sovereign wealth fund poured $45b in Q1 to shore up ailing stock market
Central Huijin significantly increased its holdings of onshore ETFs.
Fate of Ele.me uncertain as Alibaba scales down ‘non-core’ offline operations
Non-core businesses have been left to look after their own profits as Alibaba refocuses on e-commerce and cloud.
Hong Kong unicorn HashKey launches global crypto trading platform
The Group has plans to seek regulatory approval in Europe, the Middle East, South America, and Africa.
TikTok users migrate to rival platforms as US ban threat looms
Data show that over the past 90 days, nearly 94% of TikTok users in the US have begun using YouTube.
Global PE dealmaking witnessed steep decline in 2023: Bain report
Buyout value dropped 37%, while the value of investment exits fell 44%.
Hong Kong set to become first Asian market to launch crypto ETFs
Ten fund management companies are preparing to launch spot crypto ETFs.
Alibaba to trim investment in XPeng with $391m sell-off
XPeng said Alibaba’s decision reflects its strategy to monetize investment.
EV startup Nio joins Chinese auto industry’s rush into insurance business
Li Auto, BYD, and XPeng have also tapped the insurance sector.
Geely-backed flying car maker Aerofugia raises $13.8m
The Series A financing round was led by Tsinghua Holdings Capital.
