Pandaily's Digest #20201028
Ant Group Sets to Raise $34B in IPO, Chinese Drama for a First Wins Best Creative Category at Busan International Film Festival and TikTok Partners with Shopify to Enter Social Commerce.
Ant Group is Set to Raise $34B in World’s Biggest IPO
Ant Group is set to raise about $34 billion as shares are planning to trade in both Hong Kong and Shanghai next month, marking the most massive IPO in the world.
TikTok Partners with Shopify to Enter Social Commerce
The viral short-video platform TikTok is moving into social commerce with its new deal with e-commerce platform Shopify, whose merchants can now advertise directly to their target audience through short videos and track their performances through analytics.
For First Time, Chinese Drama Wins “Best Creative” Award at South Korea’s International Film Festival
Chinese suspense series “The Bad Kids“ won two prizes at the Asia Contents Awards unit of the 25th Busan International Film Festival.
Refereeing Controversies Plague Chinese Super League
To avoid a repeat of refereeing controversies from the first phase of the Chinese Super League, the Chinese Football Association invited two South Korean referees, Ko Hyung Jin and Kim Hee Gon, to oversee some key matches during the second phase of the league, including the game between Beijing Guoan and Shandong Luneng.
Chinese Super League is Losing Super Stars
Stephan Kareem El Shaarawy, an Italian professional footballer who plays as a forward for Chinese Super League club Shanghai Shenhua and the Italy national team, asked to leave Shenhua and hoped to return to Serie A.
Pinduoduo Partners with Widely Watched TV Station to offer Double 11 Super Night Gala
Pinduoduo, the second-largest e-commerce platform in China, announced that it will cooperate with a provincial satellite TV station to host the upcoming Double 11 Super Night Gala.
Top Couriers to Bring Technology-assisted Delivery Tactics to China’s Shopping Festival
To ensure a smooth process for the upcoming Double 11, China’s national shopping festival, Alibaba’s Cainiao Smart Logistics is carrying out multiple self-service tactics to secure and expedite delivery services. SF Express, China’s second-largest courier, is also implementing high-tech measures to facilitate this year’s shopping festival.
Chinese Mobile Web Browsers Will Conduct Self-Inspection and Rectification
Several Chinese mobile internet browsers issued self inspection and rectification notices on Tuesday, and will fix existing network problems from now until Nov. 9.
Education Giant New Oriental Launches Hong Kong IPO
NYSE-listed Chinese education giant New Oriental Education & Technology Group Inc. on Oct. 28 announced to launch its public offering in Hong Kong and has launched its global public offering of 8.51 million new shares, starting to commerce at 9:00 a.m. on Oct. 29, 2020, Hong Kong local time.