Pandaily's Digest #20201202
Qualcomm’s New Snapdragon 888 Processor to Power the Next Generation of Android Smartphones, Global Smartphone Sales Decline, and Pop Mart's Prospectus.
Qualcomm’s New Snapdragon 888 Processor to Power the Next Generation of Android Smartphones
Qualcomm presented its brand-new Snapdragon 888 processor at its Snapdragon Tech Summit. The new chipset will power the next generation of android flagship devices, including Oppo’s Find X series, Realme Race and Xiaomi’s Mi 11.
Gartner: Global Smartphone Sales Decline 5.7% in Q3 2020
Global smartphone shipments totaled 366 million units in the third quarter of 2020, down 5.7% from the third quarter of 2019, according to Gartner, a research and advisory company. Overall global mobile phone sales totaled 401 million units, declining 8.7% year-over-year.
Ziroom Acquires Bestbond, Expanding Business Amid Rental Industry Bankruptcy Buzz
Chinese apartment rental platform Ziroom announced on Nov. 30 to acquire and merge with Bestbond, an operator for boutique long-term apartment rentals, amid the ongoing bankruptcy buzz in China’s apartment rental industry.
China’s Chang’e 5 Lands on the Untouched Side of the Moon
China’s Chang’e 5 spacecraft, named after a moon goddess in Chinese mythology, successfully touched down at 11:11 p.m. BJT, Dec.1 (10:11 a.m. EST). The Chang’e 5 mission is the country’s first attempt at a sample-return mission.
The Business of “Blind Boxes”: What does Pop Mart’s Prospectus Reveal?
As China’s fastest-growing toymaker, Pop Mart International Group announced today that the company is planning to sell 135.7 million new shares to global investors, of which 16.3 million shares will be offered publicly in Hong Kong and approximately 119.4 million shares will be offered internationally in four days. The average share price ranges from HK$31.5 to HK$38.5.
Meituan Share Price Falls 7% Ahead of Unaudited Quarterly Financial Report Release
Chinese e-commerce giant Meituan on Nov. 30 released its unaudited financial results for the third quarter of 2020 ended Sept. 30, with share price falling about 7% in Hong Kong before its third-quarter results were published.
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