Category Archives: IPO

E-commerce: massive growth expected – Wei Gu

What is the room for newcomers in China´s e-commerce after Alibaba´s successful IPO? WSJ wealth editor Wei Gu discusses with Jef Walters of Boston Consulting, and finds that massive growth is still possible. Only half of China´s internet users is purchasing online, and mobile is still taking off in a country where most users have mobile.

Why Alibaba is not yet a global player – Shaun Rein

Despite its close to US$22 billion IPO at the New York Stock Exchange today, business analyst Shaun Rein does not see in Alibaba a real global company. “Its model is not scalable in other large market like the US and Indonesia”, he says at has much work to do at home, especially on mobile where it is lagging.

How to end the auditing wars – Paul Gillis

The ongoing stand-off between securities regulators in China and the US keeps auditing firms hostage and might eventually lead to the delisting of Chinese companies at US stock exchanges. Beida accounting professor Paul Gillis tries to map out a way out of the maze in Forensic Asia.(pdf)

China now regulates overseas listed companies – Paul Gillis

New regulations by the Ministry of Finance (MOF) will bring audits of overseas listed Chinese companies under Chinese rule. A long overdue improvement, argues accounting professor Paul Gillis at his weblog. “These requirements are promising.”

Big four cannot settle China issue – Paul Gillis

The US financial regulator Securities and Exchange Commission tries to reach a deal with the big four accounting firms, writes Compliance Week. But there is very little the big four can do, argues accounting professor Paul Gillis, since this is an issue between governments.

Big four lose in ranking on China – Paul Gillis

The trouble the big four accounting firms are having in China is hurting both turnover and their rankings, accounting professor Paul Gillis from Peking University writes on his weblog. “The Big Four had better find their game soon.”

Hong Kong accountancy gets another blow – Paul Gillis

In yet another blow for the Hong Kong accounting industry, Hong Kong EY lost a case against the regulator SFC concerning mainland company Standard Water. Accounting expert Paul Gillis is amazed no negotiated deal proved to be possible.

Big Four China trouble needs diplomatic steps – Paul Gillis

The ongoing dispute where the China units of the Big Four accounting firms are banned from auditing US-listed companies, might drag into next year, fears accounting expert Paul Gillis, missing the fillings for April 2015. He pleads for a negotiated solution, but is not hopeful China and the US can work out a deal.

Who is auditing Alibaba? – Paul Gillis

PWC is auditing Alibaba, but – writes accounting professor Paul Gillis at his weblog – it is very unclear whether the Hong Kong or the mainland offfice of PWC is doing the legwork. Officially it is the Hong Kong office, but Gillis has its doubts, and that might matter to the investors.

Risks and challenges of the Alibaba IPO – Ben Cavender

After Alibaba filed this week its paperwork for its upcoming IPO. Business analyst Ben Cavender looks at its great profitability, but also risk from competition in e-commerce and fear for pressure fro the big Chinese banks.