Update: CDR Excitement Wanes as Tech Firms Balk Over Price
* Internet firms have been unwilling to compromise on price of CDR issuances, a fund manager said
* It has also been difficult to price the shares of tech giants like Alibaba and JD.com because their lofty overseas valuations exceed caps set by mainland regulators
(Beijing) — One after another, China’s internet giants are growing less enthusiastic about Chinese depositary receipts (CDRs), as the companies struggle to reach an agreement with regulators about how they should be priced under existing market rules.
- 1 Own Goal? China Company Faces Massive Customer Refund If France Wins World Cup
- 2HNA Unveils New Leadership Lineup After Death of Co-Chairman Wang
- 3Opinion: How Did China Leapfrog Everyone in E-Commerce?
- 4Luxury Brands Slash Price Tags in China
- 5Debate Over China’s Fiscal Policy Heats Up as Growth Slows
- 1Power To The People: Pintec Serves A Booming Consumer Class
- 2Largest hotel group in Europe accepts UnionPay
- 3UnionPay mobile QuickPass debuts in Hong Kong
- 4UnionPay International launches premium catering privilege U Dining Collection
- 5UnionPay International’s U Plan has covered over 1600 stores overseas