Trade tensions in between China and the U.S. have actually not stopped Chinese companies from considering to list on American stock exchanges. Li Auto, a five-year-old Chinese electric lorry start-up, raised $1.1 billion through its launching on Nasdaq on Thursday. The Beijing-based company is targeting a growing Chinese middle class that aspires to drive cleaner, smarter and […] The six-year-old competitor stated last year it might consider an IPO. Li Car, for instance, counts China’s food shipment magnate Wang Xing, manager of Meituan Dianping, as its second-largest investor after its CEO Li Xiang. As my colleague Alex pointed out, Li Vehicle is on a trajectory comparable to that of its peer Nio, going public after a short history of delivering to consumers. Its annual earnings– comprised primarily of car sales and a small part from services like charging stalls– stood at 284 million yuan ($40.4 million) in 2019, a tiny portion of Nio’s$1.12 billion. Li Vehicle, a five-year-old Chinese electrical lorry start-up, raised $1.1 billion through its launching on Nasdaq on Thursday….
- Japanese start-up ispace raises $46M to support scheduled moon objectives
- Dear Sophie: Which immigration alternatives enable me to introduce my own start-up?
- This Founder Actually Turned Down a 6-Figure Investment Offer From Mark Cuban on ‘Shark Tank’
- Human Interest raises $200M at a $1B appraisal, prepare for an IPO
- 4 Reasons Digital Change Is Table Stakes for Small Companies