In the news: Qihoo 360 goes private, 100% foreign ownership in e-commerce is now permitted and Uber and Didi Kuaidi raise billions to expand

This week US-listed Chinese companies flocking to local exchanges was discussed, the MIIT lifted foreign shareholding restrictions in e-commerce nationwide and stakes rose with the top taxi app competitors' fundraising

4 minute read June 23, 2015 at 08:53 AM

clpstaff and clp articles

Lawyers benefit from Chinese take privates

The flurry of Chinese companies delisting from US capital markets to head for Chinese exchanges was highlighted last week when Qihoo 360 announced that it would leave the NYSE and go private for US$9 billion, which trumps the 2012 US$3.7 billion offer for Focus Media.

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