China s deepening property crisis, coupled with growing fears of its economy heading toward deflation, are triggering concerns over spillover effects that could rattle the global economy and eventually affect the Korean economy.
(Bloomberg) A Chinese maker of long-range electric vehicle batteries — including one capable of going 1,000 kilometers (620 miles) on a single charge — plans to go public as soon as 2025 as it banks on automakers embracing next-generation cells in the race to overcome range anxiety. Most Read from BloombergTexas Power Prices to Surge 800% on Sunday Amid Searing HeatNetanyahu Seeks to Change How Judges Are Named, Then Stop RevampDan Loeb Surrendered But Meme Army Still Hits Bears for MillionsD
WeLion, which supplies the long-range semi-solid state cell to China's Nio, is targeting a 20-fold surge in revenue to 10 billion yuan ($1.4 billion) by 2025.
Local branches of global investment banks (IB) operating in Korea have barely been seen in domestic initial public offering (IPO) undertakings during the first half of this year, owing to the lack of trillion-won-sized major public offering deals in the country.