Bottom line: A weak debut for eHi reflects waning investor enthusiasm for Chinese IPOs, while a new $585 million investment in Huayi Bros reflects strong growth prospects for the independent filmmaker.
A flurry of fund-raising events are in the headlines today, led by a weak trading debut for car rental specialist eHi Car Services (NYSE: EHIC) and a big capital infusion for Huayi Bros (Shenzhen: 300027), one of China’s leading independent film makers. Rounding out the activity are reports confirming that smartphone high-flyer Xiaomi has made its largest investment to date, spending $300 million for a stake in iQiyi, China’s second largest online video site owned by Internet search leader Baidu (Nasdaq: BIDU). Read Full Post…
