Qilian International Holding Group Limited, a China-based pharmaceutical and chemical products manufacturer, priced its initial public offering late Monday at $5 per American depositary share.The company sold 5,000,000 ordinary shares to raise $25 million from this offering. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 750,000 ordinary shares at the public offering price, less underwriting discounts. The ordinary shares have been approved for listing on the Nasdaq Global Market and are expected to commence trading on January 12, 2021 under the ticker symbol “QLI”.In 2020, Chinese companies held 35 IPOs, raising $12.9 billion, despite a tumultuous year in China-U.S. relations and stricter listing requirements. Mr. Zhanchang Xin, the C

After China banned banks and payment firms from providing services related to crypto-currency transactions, Bitcoin tumbled as much as 30% to a low of $30,101 on Wednesday morning. Meanwhile, other digital currencies such as Ether, which acts as the fuel for the Ethereum blockchain network, and Dogecoin lost as much as 22% and 24% respectively.Nevertheless, Bitcoin and other cryptocurrencies bounced back within 24 hours, recovering some of yesterday's losses. For example, Bitcoin flirted with the $40,000 level on Thursday, according to Coindesk. The fresh crackdown may make it harder for individuals to buy cryptocurrencies, and the fears of regulatory crackdown could impact miners' business by making it more difficult for them to exchange cryptocurrencies for yuan, but it won't stop crypto

With its low crime rates but high-quality education at an affordable cost, Canada is a natural destination for thousands of international students. Focusing on offering high-quality education resources to students around the globe, a Canada-based private education provider, Visionary Education Technology Holdings Group Inc., today made its debut on Nasdaq under the ticker symbol “VEDU.”The company issued 4,250,000 common shares at a public offering price of US$4.00 per common share, receiving aggregate gross proceeds of US$17 million from the offering. In addition, the company has granted the underwriters a 45-day option to purchase up to an additional 637,500 common shares at the public offering price, less underwriting discounts, and commissions. Headquartered in Markham, Canada, Visiona

Universe Pharmaceuticals, a Chinese medicine manufacturer, updated its S-1 on SEC website, planning to go public on Nasdaq under the ticker symbol “UPC” next week.The Jiangxi, China-based company aims to raise $30 million by offering 5 million shares at a price range of $5 to $7. At the midpoint of the proposed range, Universe Pharmaceuticals would command a market value of approximately $126 million.Founded in 1998, the company specializes in the manufacturing, marketing, sales and distribution of traditional Chinese medicine derivatives (“TCMD”) products targeting the elderly with the goal of addressing their physical conditions in the aging process and promoting their general well-being. Universe Pharmaceuticals says in its prospectus that its products are sold in approximately 261 citi

Tesla's stock price skyrocketed 740% in 2020, but the stocks seemed to lose power as soon as reaching a record high of $900 per share in late January. Meanwhile, Tesla's stock price has been dropped 18% to $582 per share for the past eight trading days in May. I am not saying Tesla is not a good and fast-growing company anymore. Tesla is of course a great company run by a great visionary. However, investors are split on whether Tesla is a good investment in 2021 and where the shares will move next.  I can’t predict the stock price, but there are three main headwinds facing Tesla that I think are pertinent to consider today. 1.Inflation concerns are pricking Tech stocks’ bubbles The Labor Department report shows the Consumer Price Index spiked 4.2% from a year ago, the f

美国证券交易委员会（SEC）本周披露的文件显示，电影《大空头》原型人物、曾经预测到金融危机的迈克尔-伯里（Michael Burry）在二季度几近抛售所有持股，将其美股投资组合削减至单一资产。伯里的Scion Asset Management披露了超过500000股Geo Group的持股股，价值330万美元。Geo Group投资于私人监狱和心理健康设施，市值不到9亿美元。伯里的追随者们可能会将其最新决策解释为不祥之兆。伯里在去年夏季曾称市场出现了“有史以来最大的投机泡沫”，并表示meme股和加密货币的所有者正朝着“崩盘之母（mother of all crashes）”迈进。他在近期再度告诫投资者，不要对最近的股市反弹过于兴奋，因此市场在触底之前会出现许多暂时性的反弹。他还表示，疫情高峰期间市场的“愚蠢”又回来了，并于周末在社交媒体上称，他“无法摆脱‘9·11’事件、安然和世通丑闻爆发前2001年市况的那种愚蠢的感觉”。伯里几个月来一直在预测美股将暴跌，并削减了其投资组合。他在去年三季度将其投资组合从20家削减至6家，在三个月内将其价值从1.4亿美元降至4200万美元。