Chinese electric carmaker Li Auto made a secondary listing in Hong Kong, though its value fell with investors increasingly jittery over China's regulatory clampdown on tech companies.
Shares in Chinese electric carmaker Li Auto fell on its Hong Kong debut Thursday, with investors increasingly jittery over Beijing's regulatory clampdown on tech companies and other industries.
Li Auto is the second Chinese electric vehicle company to announce a secondary listing, following rival XPeng's initial public offering last month. The firm raised US$1.5bil in the IPO but on Thursday its shares slipped to HK$116.80 in early trade, down from its IPO price of HK118 . Chinese authorities have also been busy reining in the influence of mainland industries including tech giants, and more recently its lucrative private education sector.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China regulatory storm tests nerves, limits of top-down policyThe furious pace of new rules has roiled companies, say analysts.
Read more »
Canada slams China over detained citizens as issue set to feature in election | Malay MailOTTAWA, Aug 12 ― Canada condemned China yesterday for its treatment of two detained Canadian citizens, days ahead of the anticipated start of an election campaign in which opposition parties are expected to accuse the government of being soft on Beijing. Earlier in the day, a Chinese court...
Read more »
China keeps guard up as Covid-19 outbreak enters fourth week | Malay MailBEIJING, Aug 11 ― China is keeping its guard up as its latest surge of Covid-19 cases entered its fourth week, with calls from officials to close containment loopholes unlikely to see cities easing strict virus control measures. China reported 83 new locally transmitted cases for August 10, the...
Read more »
Taiwan demands correction, blames China for Venice film fest name change | New Straits TimesTAIPEI: Taiwan on Tuesday said it has demanded a correction after Venice Film Festival organisers listed two films representing the island as being from 'Chinese Taipei', allegedly under pressure from Beijing.
Read more »
China dakwa AS negara paling gagal tangani Covid-19 - Utusan DigitalAS didakwa lebih pentingkan politik berbanding kesihatan rakyat
Read more »