SMIC shares surge over 200% in Shanghai debut

By Wei Sheng

Shares of Chinese heavyweight chipmaker SMIC jumped more than 200% during its Thursday debut on the Shanghai tech bourse while those listed on the Hong Kong exchange fell 17%, signaling skepticism from global investors.

Why it matters: The cont…

JD.com fintech unit is planning a STAR Market IPO

By Wei Sheng

JD Digits, the fintech subsidiary of Chinese online marketplace JD.com, is preparing for an initial public offering at China’s Nasdaq-style STAR Market in Shanghai, according to a filing by several securities firms.

Why it matters: The move is …