Pandaily's Digest #20210726
Li Auto has passed a listing hearing, with Goldman Sachs and CICC acting as co-sponsors and UBS as its financial adviser.
Li Auto Passes HKEX Hearing, Opening Door for Dual Listing
According to information released Monday by Hong Kong Exchanges and Clearing Limited (HKEX), the holding company that owns the city’s stock exchange, Li Auto has passed a listing hearing, with Goldman Sachs and CICC acting as co-sponsors and UBS as its financial adviser.
A Spreadsheet’s 24 Hours to Save Hundreds of Lives in 1-in-500-year Rainfall Event
When heavy rains on July 20 started to pound Zhengzhou, the capital of east-central China’s Henan province, inundating streets, flooding residential buildings and wreaking havoc on the entire city, one college girl, with the help of a simple spreadsheet, may have saved hundreds of live.
China Unicom to Be Formally Delisted from NYSE in October
China Unicom, one of the leading telecommunications giants in China, announced on July 23 that it would terminate its American Depositary Receipt (ADR) on October 18 this year, meaning the company will be officially delisted from the NYSE.
China VC Weekly: Coffee and AI
In last week’s VC news, two prominent Chinese coffee chains Seesaw and M Stand both raised considerable rounds that will go towards expansion, while prominent local AI firm 4Paradigm bagged over $230 million for R&D and ecosystem improvement.
Douyin Launches New Features in Push to Accelerate Growth
Douyin, the Chinese mainland version of TikTok, has recently launched two new functions, namely Yao Yi Yao, meaning “shake it”, and “learning” for acquiring knowledge about the video creation process.
Tencent Music Ordered to Give Up Exclusive Online Music Licensing Rights, Benefiting Competitors
The Chinese State Administration for Market Regulation (SAMR) announced Saturday that Tencent Music will face a string of punishments in the interests of safeguarding market competition in the audio streaming sector.
Huawei to Offer Swapping of Phones’ Back Case for Previous Customers
Recently Huawei’s official website launched a new service allowing users of its products to get the back case of their mobile phones changed. The service will last until September 30 this year.