10 Updates
Tarena's Recent Listing Cues Up More Chinese IPOs In New York
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Tarena's Recent Listing Cues Up More Chinese IPOs In New York

Apr 4 2014, 4:17pm CDT | by

As excitement builds over the IPO of Alibaba in New York, IT education service Tarena International became the first listing of the year from China as a handful of Chinese companies look to go...

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16 weeks ago

Tarena's Recent Listing Cues Up More Chinese IPOs In New York

Apr 4 2014, 4:17pm CDT | by

As excitement builds over the IPO of Alibaba in New York, IT education service Tarena International became the first listing of the year from China as a handful of Chinese companies look to go public this quarter in the U.S.

Silicon Dragon interviewed Shaoyun Han, Founder, Chairman and Chief Executive Officer, on Tarena’s initial day of trading on NASDAQ. He said the IPO is a milestone event and a profile raiser for the company. He expects revenues to increase 50 percent this year and 30 percent in 2015 for Tarena, which counts $92.8 million in revenues. The fast growth is not so atypical of IT-related companies going after opportunities in a still-heated tech economy.

Proceeds from the $138 million raised at the IPO — which saw the stock price rise by 20% to $10.80 on the opening day – will be used to improve training centers in 33 cities across China and to make acquisitions  as the market leader in the IT training space expands. The Chinese startup has financial backing from IDG Ventures and JAFCO Ventures and a private placement totaling $30 million, said the founder, who formed Tarena in 2001.

Chinese companies are recovering from the doldrums of 2012 when only two listed in the U.S. – VIPShop and social gaming and networking startup YY. Last year, eight China-based tech companies went public in the U.S. See Forbes post, rebound .

With a flurry of big-ticket acquisitions by the giant Internet companies in China — Tencent, Alibaba and Baidu — founders of small Chinese businesses have trade deals as an alternative exit route to cash out from their hard entrepreneurial work. It will be interesting to watch how the IPO story unfolds this year after the roller coaster of the past two years.

 
Update
10

7 weeks ago

RM47mil KWSG contributions still unclaimed

Jun 9 2014 7:54am CDT | Source: Business Times Malaysia

KUALA LUMPUR: About RM47 million of contributions in the Teachers Provident Fund (KWSG) still remain unclaimed, the Dewan Rakyat was t ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
9

7 weeks ago

Gold shop lost almost RM1mil

Jun 9 2014 3:50am CDT | Source: Business Times Malaysia

KANGAR: A gold shop owner lost almost RM1 million after after the safe on in his shop was broken into by ro ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
8

7 weeks ago

Motion to debate MAS losses in Dewan Rakyat rejected

Jun 9 2014 3:39am CDT | Source: Business Times Malaysia

KUALA LUMPUR: AN emergency motion to debate the losses incurred by Malaysia Airlines last year, amounting to RM1.2 billion was rejected ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
7

7 weeks ago

MH370 Tragedy: Hisham: RM27.6 mil spent on 1st phase of SAR

Jun 9 2014 2:11am CDT | Source: Business Times Malaysia

KUALA LUMPUR: Malaysia spent some RM27.6 million in its first phase of the search operations for missing Malaysia Airline flight MH370, said Acting Transport Minister, Datuk Seri Hishammuddin Husse ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
6

7 weeks ago

9.1m litres of diesel seized in a month

Jun 8 2014 1:11am CDT | Source: Business Times Malaysia

PUTRAJAYA: The Domestic Trade, Cooperatives, and Consumerism ministry has seized some 9.1 million litres of diesel and property worth RM58 million since mounting ‘Operasi Diesel Selatan’ in the sou ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
5

7 weeks ago

Girl, 9, awarded RM2.78m compensation for medical negligence

Jun 6 2014 4:56am CDT | Source: Business Times Malaysia

KUALA LUMPUR: A nine-year-old girl who suffered brain damage during her birth at a government hospital was awarded over RM2.78 million i ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
4

7 weeks ago

Malaysia's total trade in April up 12pc

Jun 5 2014 11:52pm CDT | Source: Business Times Malaysia

KUALA LUMPUR: Malaysia's total trade in April 2014 rose by 12 per cent from a year ago to RM123.86 billion due to growing trading activities, International Trade and Industry Minister Datuk Seri Mustapa Moh ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
3

7 weeks ago

Works Ministry to spend RM20m for upgrading works at 50 accident black spots

Jun 4 2014 11:35pm CDT | Source: Business Times Malaysia

JOHOR BARU: The Works Ministry will implement upgrading works at 50 accident prone locations in the country that have been identified this year involving an ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
2

7 weeks ago

Najib launches loan scheme for Ramadan traders

Jun 4 2014 10:24pm CDT | Source: Business Times Malaysia

PUTRAJAYA: Prime Minister Datuk Seri Najib Razak today launches RM45 million Ramadan Baza ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
1

7 weeks ago

Residents bring up objection against Kidex to Suhakam

Jun 4 2014 4:49am CDT | Source: Business Times Malaysia

PETALING JAYA: A group of 20 Petaling Jaya residents held a meeting with the Human Rights Commission of Malaysia (Suhakam) over their objection against the proposed RM2.2 billion Kinrara Damansara Skyw ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 

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