Both Baidu and iQiyi declined to comment on the potential IPO plan. The acclaimed video streaming platform ... localisation with joint productions targeting markets such as Japan, Taiwan and the UK, whereas the home market remains the major focus for ... ( read original story ...)
Drunk drivers to face higher premiums for liability insurance
Taipei, Sept. 26 (CNA) Starting in March 2018, motorists convicted of drunk driving will be required to pay a higher punitive premium for Compulsory Automobile Liability Insurance, the Financial Supervisory Commission (FSC) said Tuesday. The punitive ... ( read original story ...)
Two winners bag NT$10 million prize each in uniform invoice lottery
Taipei, Sept. 25 (CNA) Two lucky consumers who spent less than ... was created to encourage consumers to collect sales invoices as part of the Finance Ministry's efforts to prevent tax evasion by retailers. ( read original story ...)
The U.S. IPO Market Is Broken — U.S. Startups Will Now Look To Asian Exchanges
It seems as if having less activity in the IPO market has made the listing business even more ... the world’s population and 22 of the world’s 37 megacities. Hong Kong, Taiwan, Tokyo, Shanghai, Shenzhen, Singapore and Australia all host vibrant and ... ( read original story ...)
With upcoming IPO, Sea reveals net loss of $196m and revenue of $345m
Sea, one of Southeast Asia’s largest internet companies, has released its full IPO prospectus containing a treasure trove ... Asia” – a region it defines as consisting of Indonesia, Taiwan, Vietnam, Thailand, the Philippines, Malaysia, and Singapore. ( read original story ...)
SGX misses on two major IPO’s
Sea says Shopee was number one by GMV in the first half of the year for a region it calls “Greater Southeast Asia” – which oddly includes Taiwan, further to the north. But the IPO market is not the only one suffering from the tepid market. ( read original story ...)
Singapore’s Sea Files For US$1 Billion IPO On The New York Stock Exchange
Singapore-headquartered, Southeast Asia-based Sea, formerly known as Garena, has filed for an IPO on the New York Stock Exchange ... Sea operates across Indonesia, Taiwan, Vietnam, Thailand, the Philippines, Malaysia, and Singapore, but derives most ... ( read original story ...)
Taiwan to set up NT$100 billion financing fund: president
Kaohsiung, Sept. 25 (CNA) Taiwan will set up a NT$100 billion (US$3.31 billion) fund to finance Taiwan's public construction cooperation with diplomatic allies and nations covered by the New Southbound Policy, President Tsai Ing-wen (蔡英文) said Monday. ( read original story ...)
Breakingviews – Life could get choppy for Sea after $1 bln IPO
An IPO at this stage could make the fight to come harder ... half of the year for a region it calls “Greater Southeast Asia” – which oddly includes Taiwan, further to the north. For its part, Alibaba-backed rival Lazada says it was number one ... ( read original story ...)
Cathay Financial forecasts Taiwan’s 2018 GDP growth at 2%
Taipei, Sept. 25 (CNA) Cathay Financial Holding Co. (國泰金), one of Taiwan's leading financial holding companies, on Monday projected that the domestic economy will grow by 2 percent in 2018, slightly slower than its forecast growth for 2017. ( read original story ...)
July-August winning uniform invoice numbers released
Taipei, Sept. 25 (CNA) The winning number for the NT$10 million (US$338,000) special prize in the July-August uniform invoice lottery is 33612092, the Ministry of Finance (MOF) announced Monday. The prize must be claimed by Jan. 5, 2018, the ministry said ... ( read original story ...)
Rap and the Party: China taps youth culture to hook millennial cadres
"There's only one China, HK, Taipei, they are my fellas," ran the lyrics of the ... though the band says there was no other financial backing. The party connection deepened in September last year when Beijing sent the band to Woody Island, in a disputed ... ( read original story ...)
Hip hop with Chinese characteristics: the Communist Party plan to hook millenials
“There’s only one China, HK, Taipei, they are my fellas,” ran the lyrics of the ... though the band says there was no other financial backing. The party connection deepened in September last year when Beijing sent the band to Woody Island, in a ... ( read original story ...)
HKEX’s delisting proposal lacks needed firepower
At the time Frederick Ma Si-hang, Secretary for Financial Services and the Treasury apologised ... Nasdaq delists any company trading below US$1 for 30 days. In Taipei, companies can be removed from the exchange if the market capitalisation falls below ... ( read original story ...)
‘Sing! China’ concert in Taiwan halted amid protests
A music concert in Taiwan descended into chaos over the weekend when independence activists clashed with pro-China groups, with three people injured in the scuffles. The incident comes amid heightened tensions between the self-ruled island and the mainland ... ( read original story ...)
Mild Rebound Tipped For Taiwan Stock Market
Mega Financial fell 0.42 percent, Largan Precision plummeted 5.88 percent, Hon Hai Precision tumbled 2.70 percent, Catcher Technology plunged 3.85 percent, Taiwan Semiconductor Manufacturing Company skidded 1.13 percent, Taiwan Steel shed 0.46 percent and ... ( read original story ...)