by Leanne Wang | Apr 9, 2021 | Real Estate, Financials / Deals
Anjuke, the property vertical of Chinese classifieds giant 58.com, filed an application for an initial public offering in Hong Kong on April 8. This content is part of our business intelligence service. Please click the button below to learn more. Subscribe Username...
by Leanne Wang | Apr 3, 2021 | Marketplaces
Swan Daojia, a home-maintenance marketplace in China, has resumed plans for an initial public offering in the U.S., according to a report from Bloomberg. Swan Daojia is expected to seek a valuation of about $3 billion. This content is part of our business intelligence...
by Leanne Wang | Apr 2, 2021 | Automotive, Financials / Deals
Uxin (UXIN), a leading online used car dealer in China, will receive an investment of up to RMB 1.97 billion ($300 million U.S.) from two Asian funds, according to the company. The company has entered into a binding term sheet with two funds that have agreed to...
by Leanne Wang | Mar 31, 2021 | Marketplaces, Financials / Deals
JD.com (JD), a Chinese e-commerce company, has stepped up efforts to focus on its core e-commerce business. The company has now spun off its cloud and AI businesses, according to an announcement Wednesday. These assets have been sold to JD Digits, the company’s...
by Leanne Wang | Mar 29, 2021 | Real Estate, Financials / Deals
Fang, the China-based real estate marketplace, saw annual net loss fall at $6.5 million U.S. compared to $10.3 million a year earlier. The company attributed the declining losses to reduced cost of revenue and efficient management of expenses. In Q4, net loss...
