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Search resuls for: "Johan Annell"


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☆ Vietnamese companies eye the U.S. IPO market amid a lull in Chinese listings
  + stars: | 2023-12-06 | by ( Evelyn Cheng | ) www.cnbc.com   time to read: +5 min
While not strictly an IPO, the listing was soon followed by Vietnamese tech unicorn VNG's filing to list on the Nasdaq. As local companies grow, "they are outgrowing the ability of those markets to provide the capital that they need," said Drew Bernstein, co-chairman of accounting firm MarcumAsia. Since the fallout over Didi in the summer of 2021, regulation and a tepid U.S. IPO market have stalled most Chinese listing plans. She said given the success of Southeast Asian ride-hailing company Grab , more Vietnamese companies are starting to look beyond the domestic market to regional business. George Chan, global IPO leader at EY, expects "a lot" of companies from Southeast Asia will reach the IPO stage in the next 12 to 18 months, and might also consider the Hong Kong exchange.
Persons: Scott Mlyn, VinFast, Johan Annell, VNG, Drew Bernstein, It's, Bernstein, who'd he'd, Didi, Gary Dvorchak, Blueshirt, Nguyen Nguyen, Vu Van, ELSA, Van, George Chan Organizations: New York Auto Show, CNBC BEIJING, U.S, Spade, Nasdaq, ARC Group, China -, Renaissance Capital, Investor, CNBC, World Bank, Southeast Asia — Locations: Asia, U.S, Vietnam, Beijing, Cayman Islands, Malaysia, China, China - U.S, Thailand, Indonesia, Singapore, Southeast Asia, Hong Kong
☆ Pressure on China’s factories grows as U.S. demand falls
  + stars: | 2023-02-09 | by ( Evelyn Cheng | ) www.cnbc.com   time to read: +4 min
China News Service | China News Service | Getty ImagesBEIJING — For some factories in China, it's not full steam ahead after the end of zero-Covid. The official Lunar New Year holiday in China ended Jan. 27, but the travel period runs until Feb. 15. He expects U.S. consumer demand to pick up later this year. China's exports to the U.S. barely grew in 2022, and the U.S. economy is expected to slow further in 2023. watch nowWhen asked by CNBC in January, China's customs administration acknowledged the pressure on China's exports from slowing external demand, and noted rising risks of a global recession.
☆ China's climate push could spawn new global players, even if Beijing falls short on its pledge
  + stars: | 2022-10-04 | by ( Evelyn Cheng | ) www.cnbc.com   time to read: +7 min
China aims to reach peak carbon emissions in 2030. Two years ago, Chinese President Xi Jinping formally announced the world's second largest economy would strive for peak carbon emissions in 2030, and carbon neutrality in 2060. Emerging leader in offshore wind? The U.K. and the rest of Europe are each expected to add about 10 gigawatts of offshore wind power in the next three years, according to IEEFA Research. Overenthusiastic measures to force local areas to cut carbon emissions last year resulted in a power shortage that disrupted factory production.
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