China Inc by BBW

Bubble Tea IPOs Come Back, and an Nvidia Supplier Booms

China’s bubble tea IPO ban ends with the resumption of Guming’s Hong Kong listing. What’s changed in the market? And a nuts and bolts maker called ZJK soared on hopes for a deeper Nvidia partnership. Are the company’s big stock gains justified?

GM’s China Charge, and Nvidia’s Antitrust Probe

GM takes a $5 billion charge related to its struggling China business. Where did the auto giant go wrong in the world’s largest car market? And China probes Nvidia for antitrust behavior in a 4-year-old chip acquisition. Is the move politically motivated?

Two IPOs: One in Autonomous Driving and One in Gold

Robotaxi operator Pony.ai has raised more than $400 million in its U.S. IPO. What political risks could it face in the future? And jewelry store operator Mokginran has raised a smaller $67 million with its Hong Kong listing. But will it take a blow from China's cooling appetite for gold?

A McDonald's Valuation Downsize, and New Medical Plan Additions

The value of McDonald's China operation has plunged by more than half in the last year. What's causing the indigestion? And 91 companies get their drugs added to China's national health plan. But are the steep discounts needed to make the cut really worth it?

A Travel IPO and a Plan to Export Used Chinese Cars

A company called Huoli has applied to become China's online travel agent to list in quite some time. Will investors buy into its story, especially as the travel market starts to slow? And auto trader Cango is trying to export used Chinese cars in its pivot from the slowing domestic car market. Will foreign buyers be interested in owning such cars?

China Inc Under Trump, and a Property Developer's Rapid

Donald Trump wasn't too friendly to Chinese companies his first time as president, trying to ban TikTok and delist many firms from Wall Street. Can we expect more of the same in Trump 2.0? And a property developer called CIFI has advanced a plan to reorganize its offshore debt at lightning speed. Could this mark the start of new era for Chinese developers in resolving their huge foreign debt?

CICC Probed by Regulator, and Huawei Trials New Harmony OS

CICC has been fined for its lax due diligence with IPO candidate S2C. Does this signify the start of a new regulatory crackdown? And Huawei beta tests the latest rendition of its Harmony smartphone operating system. Does it have a realistic chance of competing with Apple's iOS and Android?

Two Autonomous Driving IPOs, and Alibaba Sheds a 'New Retail' Asset

Horizon Robotics and WeRide have raised more than $1 billion combined in their IPOs in Hong Kong and New York. Does this mark the start of a new listing wave? And Alibaba looks to sell Sun Art, owner of the RT-Mart hypermarket chain. Does this mean Alibaba's "new retail" vision is dead?

A Reprieve for Car Sales, and New US-China Flights

China's car sales returned to growth in September, finally reversing six months of declines. Is this the start of a turnaround for the sputtering industry? And Delta will resume its L.A.-to-Shanghai flights after more than a three years suspension. Why are the US-to-China routes taking so long to come back?

China Talks with EU on EV Tariffs, and Indonesia Eyes Temu Ban

China and the EU are trying to reach a deal to avoid EU tariffs on Chinese EVs. But is there too much distance between the two sides? And Indonesia asks Apple and Google to evict China's popular Temu e-commerce app from their local app stores. Will the two app store giants comply?