Sofia Horta e Costa
Stories by Sofia Horta e Costa
Alibaba shares draw bids at 3.4% above issue price in Hong Kong grey market
Some institutional investors saw bids for the shares as high as HK$182. That’s 3.4% above the issue price of HK$176.
Xiaomi loses $6b in three-day rout as early investors sell stock
Billions of Xiaomi shares have been unlocked for sale after the six-month lockup period that followed the company’s debut expired.
Tencent creates unenviable record with jaw-dropping $220b rout
The Chinese Internet giant has lost more market value than any other company worldwide this year.
China reveals plans to limit new online games, Tencent dives
The government has frozen approvals of game licenses during a restructuring of department responsibilities. The halt has hurt the financial results of
Xiaomi off to a rocky start as IPO draws bids at 9.4% discount in grey market
The company is the first in Hong Kong to sell shares with a dual-class structure since the city changed its rules to allow founders to keep outsized v
Dumped by investors, Good Doctor stock plunges below IPO price range
Investors are dumping their shares after the company struggled to live up to the hype despite the retail portion being 653 times oversubscribed.
Muddy Waters’ target China Huishan Dairy sinks 85% in HK bourse
The sudden crash wiped out about $4.1 billion in market value.
