Asian markets were flat and uneven on Thursday, with shares down in China and weak in other regional exchanges

Joyy Chairman David Li and Xiaomi founder Lei Jun are teaming up for the deal because they feel the Chinese social media company is undervalued in the US market

The Hang Seng Tech Index fell 1.9% and China Evergrande Group plunged almost 7.5% after warning first-half profits may fall as much as 39%. 

Many IPOs in Shanghai and Shenzhen have been held up by a CSRC inquiry into intemediaries including Tian Yuan Law Firm in Beijing, China Dragon Securities and CAREA Assets Appraisal

China Telecom, one of three Chinese telcos delisted by President Trump in January, sees its shares surge nearly 20% in the world's biggest IPO this year

Investment banks’ earnings from listings are likely to soar further with the IPO of LG Energy Solutions, which is expected to be a record-breaking event

The recent plunge in Chinese equities has caused a flood of money to leave capital markets and made 2021 the worst year for stock investments since the Global Financial Crisis

• PE and VC funds avoiding sensitive market sectors in China • Investors shifting to chips, automation, renewable energy, healthcare...

• Netease’s Cloud Village listing was due to proceed this week • Shares of parent company Netease fell 14% last...

• Tencent hit sparks flurry of concern over gaming stocks worldwide • Prosus down 7% in Amsterdam, four firms’ shares...

• Tech giant’s shares plunge after paper calls for curbs on online gaming • Shares edged back slightly after group...

• Takeover of buy-now, pay-later firm seen creating rival to PayPal, Klarna • Australian firm’s popularity soared during Covid pandemic...