Pandaily's Digest #20201026
VSPN Secures $100M Series B Funding Round, Jack Ma Urges Chinese Financial Market Reform Before Ant’s IPO and ByteDance’s Douyin Said to File HK IPO
Chinese Esports Company VSPN Secures $100M Series B Funding Round, Led by Tencent Holdings
Chinese esports production company Versus Programming Network (VSPN) announced today that it has raised close to $100M USD in a Series B funding round, led by Chinese conglomerate Tencent Holdings.
Pinduoduo’s New Brand Initiatives Upgraded, Facilitating Brand Innovation with 5,000 Manufacturers and Driving RMB 1 Trillion Sales
Pinduoduo announced that it would upgrade its New brand Initiatives on Thursday.
Hottest Online Education Startups in China
The rapid technology development has greatly impacted people’s lives. Not only has it changed how people shop, pay, or date, it has also changed how people learn.
Jack Ma Urges Chinese Financial Market Reform Before Ant Group’s Huge IPO
Jack Ma, the Chinese billionaire behind Alibaba Group Holding Ltd., pointed out the lack of a healthy financial system in China and urged the reform of financial regulations in a speech Saturday.
ByteDance’s Douyin Said to File HK IPO, Communication Underway on Underwriting Issues
ByteDance is considering listing its viral video-sharing unit Douyin in Hong Kong and people familiar with the matter said that investors including Goldman Sachs have communicated with ByteDance on the underwriting issues, 36Kr reported.
Economists Propose Three-Child Policy in China to Combat Reduced Population Growth
As China’s population growth rate slows down, economists are suggesting that the government adopt a three-child policy to combat the increasingly severe ageing problem. But netizens are not buying it.
China VC Weekly: Esports, Wealth Management and Education
Chinese esports ‘total solutions provider’ VSPN (Versus Programming Network) has raised close to $100 million in its latest Series B round of financing, led by Tencent Holdings.
Baidu Nearing Deal To Acquire JOYY’s Domestic Operations
Baidu (NASDAQ: BIDU) has almost completed negotiations to buy JOYY’s operations in China, according to business digital media Jiemian.