Pandaily's Digest #20201211
Pop Mart Doubles its Shares Value, Alibaba Launches Cold-chain Food Traceability System for Covid Prevention, and Starbucks to Expand in China by Adding 600 Stores by 2021
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Chinese Toy Maker Pop Mart Doubles its Shares Value in Hong Kong IPO Debut
On Dec 11, Chinese toy company Pop Mart successfully launched its initial public offering (IPO) in Hong Kong, with shares skyrocketing by 100.26% in value.
Alibaba Launches Cold-chain Food Traceability System for Coronavirus Prevention
E-commerce giant Alibaba has developed an AntChain-based cold-chain food tracking system as a novel solution to increase efficiency in detecting coronavirus, according to a company’s announcement on Dec. 10.
Starbucks to Expand Footprint in China by Adding 600 Stores by 2021
Starbucks is planning to open 600 new stores in China next year, thus operating 6,000 stores across 230 cities by the end of 2022.
Suning’s Stocks Tumble to Six-year Low after Founder Pledges All of the Group’s Shares to Alibaba’s Taobao
All shares of Suning Holdings Group held by chairman Zhang Jindong, his son Zhang Kangyang and Nanjing Runxian have been pledged to Taobao, Alibaba’s e-commerce platform, according to the Chinese government’s credit information agency.
2020 China’s New Energy Vehicles Market: Revolutions and Opportunities
The new energy vehicle market has been going through a far-reaching reform this year in China and beyond, with the challenges of a pandemic and slumping global economies. Seasoned economist Zeping Ren recently published a report combing through the happenings and trends this year in China’s new energy vehicle (NEV) market.
Brazil, Finland Could Exclude Huawei from 5G Network Development
Following US sanctions against Huawei in September and the recent UK bans against installation of Huawei equipment in the country’s 5G network development, a few other countries including Sweden, Finland and Brazil have revealed their stance on the Chinese tech giant’s involvement in their infrastructure construction.
Reversing Beauty Ideals: Men’s Grooming Market Thrives in China
For many men, the simple act of walking into a store to shop for grooming products for themselves is loaded with embarrassment. Nevertheless, if beauty brands give up marketing towards men, their loss could be greater than the beauty industry’s gain.
Carmaker XPeng Raises $2.16 billion in Upsized Share Sale
Chinese electric carmaker XPeng raised $2.16 billion in an upsized follow-on offering, the company announced in a statement on Wednesday.
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