Company Listing Change
China’s Jingdong Mall to revive Nasdaq listing, says paper
Jingdong Mall, dubbed China's Amazon.com, plans to apply for a Nasdaq listing in March at the earliest after the Chinese online retailer delayed its plans to proceed with an initial public offering late last year amid weak sentiment, the South China Morning Post reported on Tuesday.
Jingdong, which runs 360buy.com, has been working closely with investment banks including Goldman Sachs and Morgan Stanley to prepare for its IPO on Nasdaq, while Bank of America Merrill Lynch and Deutsche Bank were also likely to be involved in the deal, the newspaper said citing sources.
China's Little Sheep adds choice of Yum-my flavours
YUM! Brands Inc on Wednesday said it has completed its purchase of China's hotpot chain, Little Sheep Group Co, as it expands its presence in the country to offer diners more local tastes.
Little Sheep, which owns nearly 470 restaurants in the Chinese mainland, will be delisted from the Hong Kong stock exchange on Thursday and become a unit of Yum, the US company said.
Haier's "cloud living" reveals the future of the home at CES 2012
Chinese white goods manufacture Haierunveiled its 2012 product lineup at CES 2012 this week, highlighting its TVs that feature a range of innovations that radically improve consumers 'visual experience. These include new levels of connectivity to create a "cloud living" model in the home, virtually edgeless cloud TV, glass-free 3D TV, wireless smart devices end cloud interaction and enhanced mind wave technology that allows viewers to control their TVs with their mind.
Chow Tai Fook seeks HK IPO approval
Gold and diamond jeweller Chow Tai Fook Jewellery Co., controlled by Cheng Yu-tung, chairman of New World Development Co., is planning to seek listing approval Thursday from the Hong Kong stock exchange for an IPO of up to USD4 billion, people familiar with the situation said Tuesday. At that size, the jewellery firm would have the world's biggest IPO since Spain's Bankia SA raised USD4.4 billion before a July listing in Madrid.
China's Tenfu, Xiao Nan Guo test HK IPO
Even as markets fall and volatility persists, a Chinese tea maker and a Shanghai restaurant chain started taking orders for initial public offerings, joining a mainland shoe retailer that kicked off an IPO last week.
Tenfu, which sells Chinese tea and has 1,088 stores in China, plans to raise up to USD182 million in its IPO and will list its stock on the Hong Kong stock exchange on 26 September, according to a term sheet seen by Dow Jones Newswires.
Prada receives IPO approval
Prada received regulatory approval on Thursday for its plan to launch a Hong Kong initial public offering that could raise up to USD2 billion, a person familiar with the situation said Friday, joining US luggage maker Samsonite Corp., which is seeking to raise USD1 billion, to list on the Hong Kong stock exchange in June.
Prada, which aims to begin book-building for institutional investors in the second week of June, is among a growing band of global brand names seeking a Hong Kong listing.
Taking Stock: Understanding consumers' behaviour drives Experian FootFall's business in Asia
Understanding consumer behaviour is increasingly playing a vital role in helping retailers to improve profitability. Experian FootFall provides a solution used to improve store performance based on measured consumer behaviour. David Chinn, Regional Director - Asia Pacific, Experian FootFall, talks to Retail in Asia about the solution. He also tells RIA about some of the future trends in this area.
RIA: Experian FootFall was acquired by Experian in early 2006, how has this affected the FootFall business line?
L'Occitane SPA expands in India
French premium cosmetics brand L'Occitane announced the opening of its first SPA in India at the beginning of next month. While the brand has a huge number of retail locations, it is yet to develop its SPA business. It already operates three SPAs, one in Paris, one in Hong Kong and one in South of France.
