An Alibaba-backed fintech company founded by a 34-year-old just had an amazing IPO

Kerry Gao Qudian, an online small credit provider, went public on the New York Stock Exchange.  The company, which was founded by 34-year-old Min Luo, is going after a market it says China’s biggest banks can’t serve. Qudian, an online small credit provider, popped more than 43% after going public on the New York Stock […]

Alibaba-backed Chinese logistics company Best seeks $932 million U.S. IPO

(Reuters) — Best, a Chinese logistics company backed by Alibaba, is launching a U.S. IPO that is seeking as much as $ 932 million to fund an expansion of its logistics and supply chain network, develop new technology and open more convenience stores. The Hangzhou-based company, led by Johnny Chou, a former Greater China president […]