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Chinese online group discounter Pinduoduo nailed down its offering price at the highest end of the indicative price spectrum of per share, with a value of billion, as the company will debut on the Nasdaq on Thursday, local time, according to a report by tech news portal All Weather TMT.
Chinese consumers are responsible for around 40 percent of the global luxury market, and that is expected to grow to 50 percent by 2030, according to a forecast by Equite.
Chinese and New Zealand exporters will benefit from the more convenient trade rules after the two countries upgraded their free trade agreement, China's Ministry of Commerce said on Monday.
Chinese banks need more capital as they are compelled to move onto their books and face more soured loans amid slower economic growth.
Chinese cybersecurity company Qi An Xin Group debuted on the nation's technology-focused STAR Market on Wednesday in Shanghai. [Photo provided to chinadaily.com.cn]
