Luckin raises $561 mn in US IPO: biggest float by Chinese firm this year
Luckin Coffee intensifying rivalry with Starbucks; plans to open 4500 stores in China by the end of this year...
Category : Markets
Robust IPO pipeline in Asia Pacific despite US-China trade war
Hong Kong, Shenzhen, Singapore, and Shanghai bourses are poised to become the biggest rivals to NYSE and LSE...
China’s BRI expected to drive bull run in Malaysia’s stock market
Massive Belt and Road projects to attract foreign funds to Malaysia equities...
Chinese construction companies in Uganda make gross revenues of $8.7 bn in 20 years
China’s aid for contracts strategy in Africa sees construction revenues surge to $2 bn in 2017...
Kenya’s largest microfinance company targets east and central Africa
CIC Insurance is keeping track of Prime Minister Abiy Ahmed’s efforts to improve Ethiopia's financial services sector...
Ending the bungling: South Africa fund PIC seeks Bungane as CEO
Africa’s biggest asset manager seeks new head to set house in order...
Arabian Centres IPO: Stake worth $1 bn offered to foreign, Saudi investors
Retail investors can pick up the shares remaining after institutional investors take theirs...
Saudi Aramco boosts presence in Asian refining with Hyundai Oilbank stake
The Saudi oil giant will take a 17% stake for $1.25 billion in the South Korean refining company...
As Jumia lists on NYSE, African startup founders find capital hard to get
Even impact investment funding is skewed in favour of Western founders...
Asia Pacific set to become the dominant market for AI in banking by 2030
The business value of AI in banking can reach $98 billion in the region over the next decade...