Pandaily's Digest #20210205
Kuaishou Shares Jump 194% in Hong Kong Trading Debut, Xiaomi Reveals Port-free Mi MIX Series Concept Phone with Quad-curved Display, and Alibaba Group Announces Offering of $5B Senior Unsecured Notes.
Kuaishou Shares Jump 194% in Hong Kong Trading Debut
Shares of Chinese short video app company Kuaishou jumped 194% at the open on its Hong Kong debut on Friday.
China Esports Weekly: TCL Sponsors League of Legends Pro League, Chinese Chat Service TT Yuyin Closes $100M Series B Financing Round
During the first month of 2021, China’s esports industry witnessed noteworthy investments and developments. Here are the top stories of the final week of January 2021.
Xiaomi Reveals Entirely Port-free Mi MIX Series Concept Phone with Quad-curved Display
Chinese smartphone maker Xiaomi on Friday revealed its first concept smartphone with a quad-curved display that wraps around all edges of the device, with the company touting the sleek feature as a creation from major technological breakthrough in glass production
EV Maker NIO to Spend $850M to Purchase 3.305% of Subsidiary
Leading Chinese electric vehicle manufacturer NIO Inc. said on Feb. 4 that it will spend 5.5 billion yuan (approximately $850 million) to purchase 3.305% of its subsidiary entity NIO China from two investors.
Alibaba Group Announces Offering of $5B Senior Unsecured Notes
On Feb. 5, China’s tech giant Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988) announced the pricing of an underwritten registered public offering of $5 billion senior unsecured notes, per Business Wire.
Former LeVision Pictures CEO Zhang Zhao Dies at 58
Zhang Zhao, former CEO and executive director of LeVision Pictures, one of the largest film production companies in China, died at the age of 58 on Feb. 3.
Police Detained Piracy Suspects from China's Largest Subtitling Site Renren Yingshi
On Feb.3, Shanghai police detained 14 people from China’s largest subtitling site Renren Yingshi due to suspicions they pirated more than 20,000 Chinese and foreign television shows and films.
Tesla’s New Supercharger Factory Begins Production in Shanghai
Tesla announced on Wednesday that its supercharger manufacturing plant in Shanghai is now operational, less than six months after the project was launched in August last year.