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The Latest Breaking News from CICC

Chinese AI firm Moonshot files confidentially for Hong Kong IPO

Moonshot's latest version, Kimi K3 released in July, has met with positive reviews and robust demand, and sources have said the startup is in talks with Microsoft, Amazon and Google on ‌revenue-sharing agreements that ⁠would allow ⁠the U.S. cloud companies to host the model.

The Economic Times

Chinese banks set for $41 million payday from chipmaker's $8.6 billion IPO

Chinese banks set for $41 million payday from chipmaker's $8.6 billion IPO

Six Chinese investment banks will earn at least $41 million from CXMT's IPO. This significant payout boosts the industry's income pool, which has shrunk recently. The IPO continues a revival of the onshore market as the government lowers barriers. CXMT's fee rate is well below the market average, showing its…

The Economic Times

Philippines blocks GoreBox gaming app after school shooting kills three

Philippines blocks GoreBox gaming app after school shooting kills three

Investigators says one of two teenagers who allegedly opened fire on students at high school was regular player

The Guardian - UK

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Chinese social media firm Xiaohongshu taps Goldman, CICC to work on Hong Kong IPO

Chinese social media platform Xiaohongshu is preparing for a potential Hong Kong initial public offering. Banks including Goldman Sachs and CICC are reportedly working on the deal. The company, also known as RedNote, could list as early as the second half of this year. This move follows a previous attempt…

The Economic Times

Alibaba's Stock Comeback Has More Room To Run, Say Analysts

Alibaba Group Holding Ltd. (NYSE:BABA) stock climbed on Monday as strong performance in its cloud business and advances in artificial intelligence models offset investor concerns over escalating U.S.-China tensions.

Cameroon nears full cocoa traceability as EU deadline looms, but risks remain

Cameroon has announced that 99% of its cocoa can now be traced from individual farm plots to the export port - a significant step towards meeting new European Union sustainability requirements.

Radio France Internationale

China's CICC Plans Investment Banking Headcount Reduction

CICC, a prominent Chinese investment bank, plans to reduce its investment banking headcount by at least 10% to enhance efficiency and competitiveness in re...

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Top Investment Bank CICC Warned by Regulator for Compliance Flaws

Top Investment Bank CICC Warned by Regulator for Compliance Flaws

CICC accused of breaking rules by hiring personnel not qualified to carry out securities business

Top Securities Firms CICC, China Galaxy Deny Merger Rumor

Top Securities Firms CICC, China Galaxy Deny Merger Rumor

Both say they haven’t received any information about a tie-up from the government or controlling shareholders

King tells faith leaders: We are all trying to find the same path to the divine

King tells faith leaders: We are all trying to find the same path to the divine

Charles sat down with religious leaders to hear how they have joined forces to tackle a range of issues in their communities in the Mombasa area.

The Independent UK

Investors See Better Road Ahead for Autohome Despite Profits Setback

Investors See Better Road Ahead for Autohome Despite Profits Setback

Key Takeaways: Autohome’s adjusted net income tumbled 40% during the first quarter, less than the 50% drop expected by the market. Relieved investors sent the share price soaring 19% over three trading days

Benzinga's Top Ratings Upgrades, Downgrades For May 9, 2022

Benzinga's Top Ratings Upgrades, Downgrades For May 9, 2022

Crackdown on U.S.-listed Chinese Stocks Ruins Party for China Renaissance, CICC

Crackdown on U.S.-listed Chinese Stocks Ruins Party for China Renaissance, CICC

Key takeaways: • China Renaissance’s revenue fell by a third in the second half of last year from the first half as the number of U.S. IPOs it handled dropped to one from nine

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