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China Renaissance Announces Positive Profit Update

China Renaissance Announces Positive Profit Update Expects to Record a 194% YoY Increase in Profit Attributable to Owners of the Company for the Six Months Ended June 30, 2021 News provided by Share this article HONG KONG, July 28, 2021 /PRNewswire/ China Renaissance Holdings Limited ( China Renaissance or the Company ; stock code: 1911.HK) announced that, based on the preliminary review of the unaudited consolidated management accounts of the Company for the six months ended June 30, 2021, it expects to record approximately RMB1,200 million in profit attributable to owners of the Company, a 194% increase over the prior year period. This positive profit update is largely attributable to China Renaissance s investment banking and investment management segments, combined with China Renaissance Securities turnaround from loss to profit.

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China Renaissance Announces 2020 Annual Results

China Renaissance Announces 2020 Annual Results
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China Renaissance Announces 2020 Annual Results

TikTok rival s $5 4 billion IPO draws big investor following

TikTok rival’s $5.4 billion IPO draws big investor following The initial public offering is set to be the world’s largest in more than a year, and will value the company at nearly $61 billion. Kuaishou, which is backed by Tencent Holdings Ltd., competes with ByteDance Ltd., the Chinese company behind TikTok and its sister app Douyin. (AP) Joanne Chiu, Share Via Read Full Story Chinese short-video app operator Kuaishou Technology will raise $5.4 billion from its Hong Kong listing, hitting its maximum fundraising target after meeting strong investor demand. The initial public offering is set to be the world’s largest in more than a year, and will value the company at nearly $61 billion. Kuaishou, which is backed by Tencent Holdings Ltd., competes with ByteDance Ltd., the Chinese company behind TikTok and its sister app Douyin.

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Tencent-Backed Start-Up, Kuaishou Technology, Preps For World s Biggest Tech IPO Since Uber; to raise as much as $5 4 billion in Hong Kong

The company will start taking investor orders from Monday through January 29 Kuaishou Technology, the main rival to ByteDance in China, is seeking to raise as much as $5.4 billion in Hong Kong in what would be the world s biggest internet initial public offering since Uber Technologies Inc. The short video startup, backed by Tencent Holdings, is selling 365 million shares at HK$105 to HK$115 each, according to terms of the deal obtained by Bloomberg News. The company will start taking investor orders from Monday through January 29 and is slated to list on February 5. Kuaishou is attempting the world s biggest internet IPO since Uber s $8.1 billion U.S. share sale in May 2019, according to data compiled by Bloomberg. The Chinese startup s IPO will also give another boost to Hong Kong s already-hot capital market and could become Asia s largest since Budweiser Brewing Co. APAC s $5.8 billion float almost two years ago.

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