The wild stock movements of several small cap Chinese companies — and the U.S. firms that advise them — are raising eyebrows on Wall Street.
Illustration by Tim Marrs
Earlier this summer, a small Chinese company based in the seaside city of Xiamen went public on the Nasdaq Stock Market. It immediately turned into a sensation. The stock price for Pop Culture Group soared 1,200 percent in two days — from $6 a share to $78 a share — helping the company raise $37.2 million dollars.
Pop Culture Group’s allure, while not anticipated, is a common one for investors: a Chinese company with a niche concept promising to take its massive domestic market by storm
Exclusive longform investigative journalism, Q&As, news and analysis, and data on Chinese business elites and corporations. We publish China scoops you won't find anywhere else.
A weekly curated reading list on China from Andrew Peaple.
A daily roundup of China finance, business and economics headlines.
We offer discounts for groups, institutions and students. Go to our Subscriptions page for details.
Jeffrey Epstein aspired to do deals in China, corresponding with Peter Mandelson and David Stern, a German associate who was close to Andrew Mountbatten-Windsor. The Wire China reviews email trails from the Epstein files.
In an adaptation of her forthcoming book, The New Tech Titans of China, Rebecca Fannin profiles Shanghai-based Qiming Venture Partners and its American founder, Gary Rieschel.
Now on podcast platforms everywhere, The Wire China hits the airwaves to take you behind the scenes of the stories we cover each week. We are dedicated to understanding and explaining one of the biggest stories of our time: China’s economic rise and its influence on the world.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.OKPrivacy policy
