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AI startup plans IPO at value of over US$1bil in China

BEIJING: The promise of artificial intelligence has yet to translate into big business. Now Kai-Fu Lee, a prominent venture capitalist in China and founder of Sinovation Ventures, says his firm’s new startup should be able to reach US$100mil in revenue next year and go public the year after.

China may allow investors to buy HK-listed tech shares

SHANGHAI: Chinese authorities have proposed rule changes that would for the first time allow local investors to buy shares of some popular technology companies listed in Hong Kong – including, potentially, Alibaba Group Holding Ltd.

Stock frenzy in China’s new trading venue is already fading

SHANGHAI: The frenzy that greeted China’s new Nasdaq-style stock board is already fading.

Top investors lose $1bil as China's Nasdaq-style board reverses on day 2

SHANGHAI: The biggest shareholders in China's new Nasdaq-style STAR Market lost a combined $1 billion in the second day of trade on Tuesday, a day after the board's roaring debut created three new billionaires.

Trading frenzy grips China’s new market

SHANGHAI: They propelled a little-known semiconductor manufacturer to a 521% surge, traded a mid-sized railway company 13 times more feverishly than the world’s largest bank and valued a chipmaking-gear producer at an eye-watering 730 times earnings.