Category Archives: IPO

Alibaba sets VIE golden standard – Paul Gillis

VIE structures are highly scrutinized and Beida professor Paul Gillis is fighting those structures via the Cayman Islands and other tax havens, although they need economic reforms to be iradicated. On his accounting website he looks at the IPO document Alibaba had to file and awards them the golden VIE standard.

Why a freely convertible Yuan is needed fast – Paul Gillis

Relaxing capital controls is needed fast, argues Beida professor Paul Gillis at his accounting weblog, as he analyses the position of Chukong Holdings Limited. They filed last week for a US IPO, but also use a so-called variable interest entity (VIE) structure, a source of many problems, argues Gillis.

Why Sina weibo´s valuation is too high – Shaun Rein

Sina´s weibo is preparing for an IPO, but business analyst Shaun Rein feels that their valuation is way too high, he tells at Bloomberg TV. Weibo is not longer the hot company it used to be, after a government crackdown and competition by WeChat.

Alibaba: great numbers, despite growing competition – Shaun Rein

Alibaba´s IPO is nearing, and their latest figures are great, tells business analyst Shaun Rein at Bloomberg TV, boosting even Yahoo´s results. But competition in China by Tencent is growing, making Alibaba not the only player in the country´s e-commerce.

Raising the standard of Chinese law firms – Paul Gillis

The China Securities Regulatory Commission (CSRC) has fined three Chinese law firms for their shoddy legal work in IPO´s. A positive development in trying to raise the standard of Chinese law firms, writes professor Paul Gillis at his China Accounting Blog. “It´s about time.”

The Singapore solution for China´s stock woes – Paul Gillis

Getting listed is notorious difficult for Chinese companies, because getting permissions in mainland China is tough. But there is hope, writes professor Paul Gillis in the Wall Street Journal, as regulators in China and Singapore recently signed an agreement to let private companies list directly. Now such an agreement is needed between China and the US.

Alibaba feels the heat of Tencent – Shaun Rein

“Jack Ma looks desperate right now,” says business analyst Shaun Rein at the BBC about the founder and chairman of the Alibaba Group. Alibaba has announced its IPO, but feels the breath of its major competitor Tencent coming from behind.

US ruling hurts Chinese clients more than the Big Four – Paul Gillis

The world´s four largest auditing firms are up in arms, as their China division as the SEC rules against them. But the real victims are their Chinese clients, warns Peking University professor Paul Gillis on his accouting weblog. Not only listed firms, but all companies working with the big four.

The pricing at Alibaba’s IPO – Benjamin Joffe

Alibaba’s IPO is going to be one of the biggest events of 2014, a listing that will dwarf Twitter’s value. The value of Alibaba’s shares is a key issue, and angel-investor Benjamin Joffe has a theory on how it will perform, he tells CNBC.

The strain of divorce on China shares – Wei Gu

Wu Yajun of Longfor properties saw the shares of her company drop because of her divorce, but she is certainly not the first. Financial analyst Wei Gu of Reuters’ Breakingviews looks at divorce as a risk factor for listed companies, or their IPO’s, especially in China.