Pandaily's Digest #20210113
Nio Shares Surge 14% to Hit $100 Billion Market Valuation Following ET7 Sedan Debut, JD.com Establishes Technology Unit as Fifth Subsidiary, and Three U.S.-Listed Chinese Tech Firms to Seek Secondary.
Chinese EV Maker Nio Shares Surge 14% to Hit $100 Billion Market Valuation Following ET7 Sedan Debut
Shares of Chinese electric vehicle (EV) company Nio jumped as much as 14% on Monday, propelling the carmaker to a market valuation of more than $100 billion, making the start-up the third most-valued automaker after Tesla and Toyota.
JD.com Establishes Technology Unit as Fifth Subsidiary
Chinese e-commerce giant JD.com announced on Jan. 11 it is officially establishing JD Technology as an affiliate after integrating its cloud and AI business with JD Digital.
OnePlus to Sponsor Suning Esports League of Legends Pro League Team
Chinese smartphone manufacturer OnePlus has signed an exclusive sponsorship deal with Suning Esports (SN), acting as the exclusive smartphone sponsor for its League of Legends team currently competing in the League of Legends Pro League Spring Split.
Is Online Tutoring in China Here to Stay?
If a tutor is defined as providing assistance to a student on academic tasks such as homework, projects, test preparation, papers, research and personal development, one might consider Confucius one of the first tutors in China. Besides establishing ethical, moral, and social standards, Confucius impressed the value of education unto Chinese civilization for millennia to come.
China’s Leading Medical Supply Firm’s Ad Accused of Sexism
A controversial advertisement for makeup removal wipes went viral this week as it aroused hot debate over claims it rationalizes the devilry of sexual assault.
PayPal to Enter China’s Online Payment Market
Following U.S. digital money transfer platform PayPal’s acquisition of Chinese licensed payment company GoPay in 2019, PayPal made another move to hold the full equity of GoPay today, according to local media 21st Century Business Herald.
Lenovo to Issue CDRs, Planning to List on STAR-Market, Shares Soar 15%
On Jan. 12, Chinese PC maker Lenovo Group Ltd. said that it is planning to issue Chinese Depositary Receipts (CDRs) - representing up to 10% of its total number of shares - to be listed on the tech-heavy Nasdaq-style Shanghai STAR Market.
Three U.S.-Listed Chinese Tech Firms to Seek Secondary Listings in Hong Kong
Three leading Chinese technology firms, Tencent Music Entertainment Group, online retailer Vipshop, and live-streaming platform Joyy, are currently seeking secondary listings in Hong Kong to raise over $7 billion in total, according to four people familiar with the matter.
Nio’s Solid-state Battery Arrival in 2022 “Unlikely”: Experts
Nio’s unveiling of its first luxury electric sedan, the ET7, along with an announcement of a groundbreaking solid-state battery that could be released as soon as next year ignited much interest from investors, sending the company’s stock up as much as 14% on Monday and propelled the carmaker to a market valuation of more than $100 billion.