Pandaily's Digest #20201223
Kuaishou aims for Febuary IPO in Hong Kong, Huawei debuts nova 8 series, Pinduoduo stocks Chilean cherries, and Xiaomi Confirms December 28 for Mi 11 Series Launch Date.
Short Video App Kuaishou Aims for February IPO in Hong Kong: Report
Chinese short-video company Kuaishou Technology, TikTok’s competitor, is planning to go public in Hong Kong on Feb. 5 with a target valuation of $50 billion, according to Chinese media outlet 36Kr.
Huawei nova 8, nova 8 Pro Debut with 120Hz Refresh Rate
The Huawei nova 8 series debuted Wednesday afternoon with the nova 8 and nova 8 Pro.
Chilean Cherries on Pinduoduo Attract Nearly 500K Viewers During Live-stream
On Dec. 20, the Chilean Fruit Exporters Association jointly held a “celebration conference” with Pinduoduo, China’s largest agriculture e-commerce platform.
Cargo Delivery Company Lalamove Raises $515M in Series E Financing
On-demand delivery company Lalamove announced Wednesday to have completed its Series E round of financing, raising $515 million.
China Issues White Paper on Energy Development, Pushing New Energy Reform
A white paper on China’s energy development was released Monday by the State Council Information Office, reporting the country's achievements and major policies in energy reform.
Travel Agency Tongcheng-Elong Partners with Kuaishou on Live-Streaming, Short Videos for Travel Services
Chinese online travel agency (OTA) Tongcheng-Elong has partnered with Kuaishou, a short video sharing and social network platform
WeRide Raises $200M in Series B1 Financing from Yutong Group’s Strategic Investment
L4 autonomous driving company WeRide announced Wednesday the completion of its Series B1 funding with a strategic investment of $200 million from Yutong Group.
China’s Long March-8 Rocket Successfully Makes its First Flight
China's new carrier rocket Long March 8 made its first flight on Tuesday at 12:37 p.m. (Beijing Time) from the Wenchang Spacecraft Launch Site in Hainan, sending five satellites into planned orbit.
China VC Weekly: Foodtech, IoT, Big Data and More
Last week saw several notable investment rounds raised in the world of China VC.
Shanghai Stock Exchange’s IPO Volume Ranks No.1 Worldwide: EY Report
Consulting agency Ernst & Young (EY) revealed a report on Dec. 21 that the initial public offerings (IPO) volume on the Shanghai Stock Exchange (SSE) ranked first worldwide compared to other markets.
Pop Mart to Release Limited Edition Astronaut Dolls Made from Rocket Material
On Dec. 18, Pop Mart officially announced its partnership with Aerospace System Engineering Shanghai’s subsidiary firm Shanghai ASES Spaceflight Technology Co.Ltd. to produce the “Astronaut Molly.”
Xiaomi Confirms December 28 for Mi 11 Series Launch Date
The highly-anticipated Xiaomi Mi 11 series will launch on Dec. 28, a day earlier than rumored, the company confirmed on Monday.
2020 Top 10 Products on Taobao Revealed: Masks, Eggbeaters, Cat-feeding Services, Blindboxes and More
Taobao announced the top 10 products on the online shopping site in 2020.