Alibaba's 'New Retail' Revolution: What Is It And Is It Genuinely New?
Alibaba co-founder Jack Ma calls "New Retail" “the starting point to our ‘Five New’ strategy – comprised of New Retail, New Finance, New Manufacturing, New Technology and New Energy.” But what is “New Retail”, and is it really all that new?
Chinese online lender Weidai makes NYSE debut
Source: Xinhua| 2018-11-16 02:40:21| Editor: Mu Xuequan
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NEW YORK, Nov. 15 (Xinhua) -- Weidai, which provides an auto-secured loan platform for small businesses in China, rang the New York Stock Exchange (NYSE) opening bell on Thursday in celebration of its initial public offering (IPO)
The company, trading under the ticker symbol of "WEI," announced its initial public offering (IPO) of 4,500,000 American depositary shares (ADSs), each representing one Class A ordinary share, at a price to the public of 10 U.S. dollars per ADS for a total offering size of approximately 45 million dollars
Morgan Stanley and Citi acted as lead managers on the deal.
Weidai started trading at 10.50 U.S. dollars per…
"DoorDash: Tony Xu" from How I Built This with Guy Raz by NPR on Apple Podcasts
In 2013, Tony Xu was brainstorming ideas for a business school project when he identified a problem he wanted to solve: food delivery. For most restaurants, it was too costly and inefficient, leaving most of the market to pizza and Chinese. Tony and his partners believed they could use technology to connect customers to drivers, who would deliver meals in every imaginable cuisine. That idea grew into DoorDash, a company that's now delivered over 100 million orders from over 200,000 restaurants across the country. PLUS in our postscript "How You Built That," we hear from the winner of our 2018 HIBT Summit Pitch Competition: Ashlin Cook. She combined her love for dogs with an entrepreneurial itch…
Alibaba's Singles Day Still Setting Sales Records 10 Years Later
After launching its annual shopping extravaganza at midnight, the e-commerce giant had already surpassed its total sales figure of $168.2 billion yuan from last year before 4 p.m. this afternoon.
When Robots Ring the Bell
A recent episode at the New York Stock Exchange was designed to prove that robots and people can happily coexist. Business research proves it’s possible — with certain caveats.
Chinese home equity loan service provider CNFinance makes NYSE debut
Source: Xinhua| 2018-11-08 07:50:37| Editor: Yang Yi
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NEW YORK, Nov. 7 (Xinhua) -- CNFinance Holdings Limited, a home equity loan service provider in China, debuted on the New York Stock Exchange (NYSE) on Wednesday, trading under the ticker symbol of "CNF."
CNFinance priced its initial public offering of 6,500,000 American Depositary Shares (ADSs), each representing 20 ordinary shares, at 7.50 U.S. dollars per ADS for a total offering size of 48.75 million dollars, assuming the underwriters do not exercise their option to purchase additional ADSs
The underwriters have been granted an option, exercisable within 30 days from the date of the final prospectus, to purchase up to 975,000 additional ADSs at the initial…