Southeast Asia-based games and e-commerce firm Sea, formerly known as Garena, has officially filed for its much-anticipated U.S. IPO. The company, which is valued at over $3.75 billion, will list on the New York Stock Exchange as ‘SE’ and is looking to raise $1 billion. Sea is best known for its Garena gaming business, which predominantly focuses on PC games but also includes… Read More
China hit back Friday at the S&P Global Ratings’ downgrade of the country’s sovereign credit rating, with the finance ministry calling it a “wrong decision.”
US investors shrugged off the financial service agency S&P’s decision to downgrade China’s credit ratings, and believed China’s economy would continue to be one of the key drivers of global economic growth.
US card service provider American Express is preparing to apply for a license to operate in China.
China Guangfa Bank has launched a computerized investment advisory service, aiming to better integrate its business of offline professional wealth management and online artificial intelligent service.
China’s Ministry of Finance on Friday rebutted S&P Global Ratings’ decision to downgrade the country’s sovereign credit rating, saying it was “a wrong decision” that neglects the nation’s economic fundamentals and development potential.
Secoo Holding Ltd, an e-commerce luxury retailer in China, opened for trading on the Nasdaq exchange on Friday after launching its IPO and raising about $140 million.
Seed funding is drying up. Accelerators are scrambling for revenue. Things are changing drastically in the startup ecosystem. So how do you raise money when your product needs more than some Django code and an AWS instance? You run an ICO, right? Read More