Pandaily's Digest #20201106
Ant Group Refunds Shanghai Investors $2.8 Trillion, Kuaishou Officially Files HK IPO and Honor of Kings Partners with Burberry.
Kuaishou Officially Files its IPO Prospectus in HKEX as ByteDance Seeks Pre-IPO Round of Financing
On the evening of Nov. 5, Beijing time, Chinese short video giant Kuaishou officially submitted its prospectus to the Hong Kong Stock Exchange, ending the months long speculation of when the company would go public. This would mean that Kuaishou beats Douyin parent ByteDance, its biggest competitor in mainland China to start the process of becoming a public company.
Ant Group Refunds $2.8T to Shanghai Investors after IPO Suspension
Ant Group on the evening of Nov. 5, Beijing local time, announced to officially start to refund the $2.8 trillion on Nov. 6 to Shanghai investors who had previously bid for its record-smashing but recently halted IPO on the STAR Market.
Food Delivery Giant Ele.me Joins Hands with Beijing Daxing International Airport
Passengers at Beijing Daxing International Airport now can have their food delivered to the departure gate as the one-year-old hub is collaborating with Alibaba-affiliated food delivery platform Ele.me.
Xiaomi Aims to Top European Smartphone Market
Xiaomi aims to be the top smartphone brand in Europe in the near future, said Xiaomi’s CEO Jun Lei Thursday during Xiaomi’s developer conference in Beijing.
Jack Ma Tops Forbes China Rich List for Third Year Amid Recent Controversy
Jack Ma, the founder of Chinese e-commerce giant Alibaba Group Holding Ltd., took first place in Forbes China’s annual ranking of richest individuals for the third year in a row.
Ep. 77: The next thing in China ecommerce? Consumer to manufacturer (C2M)
In episode 77 of Tech Buzz China, co-hosts Rui Ma and Ying Lu tackle a topic that has become the next big thing in China ecommerce: C2M, or consumer to manufacturer. Although the acronym itself is not new, the term has been redefined within the past two years, driven by the choices of a handful of key founders and companies.
Pinduoduo signs MoU with Denmark, Aiming to Bring More Danish Products to Chinese Consumers
Chinese interactive e-commerce platform Pinduoduo Inc. signed a memorandum of understanding with the Royal Danish Consulate General in Shanghai on Thursday.
Tencent Games’ Honor of Kings Partners With Luxury Brand Burberry
Tencent Games has signed a partnership deal with British luxury brand Burberry to integrate and promote the company in its popular mobile game, Honor of Kings. The two companies will work together to integrate the brand into the game and promote it to its young “fashion-forward” demographic in China.
iPhone 12 Restocked on Tmall Hours after Removal, Possibly Due to High Demand and Chip Shortages
Apple’s iPhone 12 and 12 Pro went back on sale on Taobao’s Tmall Apple flagship store Thursday afternoon, hours after the series was removed without an official explanation, which could be due to a shortage of vital part supplies.
South African Doctor Combats SSA Malnutrition, Shares Insights Into Starting Business in China
Under the light of a glass pendant, Dr. Brett Lyndall Singh introduced his medical technology project Alpha & Omega Nutrition to a group of experts.