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Autonomous Driving Startup WeRide Sets Nasdaq IPO Pricing at USD 15.50
WeRide, 10/25/24
Guangzhou-based autonomous driving start-up WeRide (Nasdaq: WRD) today announced the pricing of its initial public offering of 7,742,400 American depositary shares ("ADSs") at a price to the public of USD 15.50 per ADS. Read More
JD.com Chairman and CEO to Donate USD 2.2 Bln in Shares to Charity
JD.com, 2/03/22
Chinese B2C e-commerce platform operator and retail infrastructure service provider JD.com (Nasdaq: JD; 9618.HK) announced today that it has been notified by chairman and CEO Richard Liu that he will donate 62,376,643 Class B ordinary shares of the company to a third-party foundation for charitable purposes. Read More
Tencent Completes Acquisition of Search Engine Operator Sogou
Sogou, 9/23/21
Chinese online search engine operator Sogou (NYSE: SOGO) today announced the completion of its acquisition and privatization by internet conglomerate Tencent (0700.HK). Read More
Gridsum Announces Completion of "Going Private" Merger
Gridsum, 3/25/21
Gridsum Holding ("Gridsum" or the "Company") (Nasdaq: GSUM), a provider of cloud-based big-data analytics and artificial intelligence solutions in China, today announced the completion of the merger with Gridsum Growth Inc. ("Merger Sub"), a wholly-owned subsidiary of Gridsum Corporation ("Parent"), pursuant to the previously announced agreement and plan of merger, dated as of September 30, 2020 (the "Merger Agreement"), by the Company, Parent and Merger Sub. Read More
Wanda Sports Group Completes Initial Tender Offer and Delisting
Wanda Sports Group, 2/01/21
Wanda Sports Group ("the Company"), a China-based global sports events, media and marketing platform, today announced the completion of the initial tender offer (the "Offer"), launched by Wanda Sports & Media (Hong Kong) Holding Co. Limited on December 23, 2020, to acquire all of the issued and outstanding class A ordinary shares of the Company, with no par value (the "Class A Ordinary Shares"), including all Class A Ordinary Shares represented by American depositary shares of the Company ("ADSs"). Read More
Yintech Announces Completion of Going Private Transaction
Yintech, 11/18/20
Yintech Investment Holdings Limited (Nasdaq: YIN) ("Yintech" or the "Company"), a leading provider of investment and trading services for individual investors in China, today announced the completion of its merger (the "Merger") with Yinke Merger Co. Ltd ("Merger Sub"), a wholly owned subsidiary of Yinke Holdings Ltd ("Parent"), pursuant to the previously announced agreement and plan of merger dated as of August 17, 2020 (the "Merger Agreement"), by and among the Company, Parent and Merger Sub. Read More
Game Live Streaming Platform Operators Huya, DouYu to Merge
Huya, 10/12/20
Chinese game live streaming platform operator HUYA Inc. (NYSE: HUYA) and Wuhan-based game-centric live streaming platform operator DouYu International Holdings Limited (Nasdaq: DOYU) today announced that they have entered into an Agreement and Plan of Merger, dated October 12, 2020 (the "Merger Agreement") with Tiger Company Ltd., a newly formed company with limited liability incorporated under the laws of the Cayman Islands and a direct wholly owned subsidiary of Huya ("Merger Sub"), and, solely for the limited purposes set forth therein, Nectarine Investment Limited ("Tencent"), a wholly owned subsidiary of Tencent Holdings Limited (0700.HK). Read More
Gridsum Enters into Definitive Agreement for Going-Private Transaction
Gridsum, 10/01/20
Beijing-based Gridsum Holding Inc. ("Gridsum" or the "Company") (Nasdaq: GSUM), a leading provider of cloud-based big-data analytics and artificial intelligence ("AI") solutions in China, today announced that it has entered into an Agreement and Plan of Merger (the "Merger Agreement") with Gridsum Corporation ("Parent"), and Gridsum Growth Inc., a wholly owned Subsidiary of Parent, pursuant to which the Company will be acquired by an investor consortium led by Mr. QI Guosheng (the "Chairman"), chairman of the board of directors of the Company (the "Consortium") in an all-cash transaction that values the Company's equity at approximately USD 75.5 mln (the "Merger"). Read More
Wanda Sports Group Receives Preliminary Non-Binding Proposal to Acquire the Company
Wanda Sports Group, 9/30/20
Wanda Sports Group Company Limited (the "Company") (Nasdaq: WSG), a China-based global sports events, media and marketing platform, today announced that its Board of Directors (the "Board") has received a preliminary non-binding proposal letter, dated September 30, 2020 (the "Proposal Letter"), from Wanda Sports & Media (Hong Kong) Holding Co. Limited (the "Proposing Buyer"), a wholly-owned subsidiary of Dalian Wanda Group Co. Ltd., to acquire all of the outstanding Class A ordinary shares of the Company (the "Class A Ordinary Shares"), including American depositary shares representing Class A Ordinary Shares ("ADSs," with every two ADSs representing three Class A Ordinary Shares), for USD 2.50 in cash per ADS, or USD 1.67 per Class A Ordinary Share (the "Proposed Transaction"). Read More
58.com Announces Completion of "Going-Private" Merger
58.com, 9/18/20
Chinese online classifieds site 58.com (NYSE: WUBA) today announced the completion of the merger (the "Merger") with Quantum Bloom Company Ltd ("Merger Sub"), a wholly-owned subsidiary of Quantum Bloom Group Ltd ("Parent"), pursuant to the previously announced agreement and plan of merger, dated as of June 15, 2020 (the "Merger Agreement"), among the Company, Parent and Merger Sub. Read More
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