Pandaily's Digest #20210528
NetEase's cloud music streaming service applies for Hong Kong IPO, Oppo launches its Reno 6 lineup, Pinduoduo reports first quarter financial results, and more.
NetEase’s Cloud Music Streaming Service Mulls $1 Billion Hong Kong IPO
Chinese internet giant NetEase announced it plans to spin off Cloud Village, the operator of its music streaming service NetEase Cloud Music, in an initial public offering (IPO) on the Hong Kong Stock Exchange.
Alibaba-backed Nice Tuan Issued 1.5 Million Yuan Fine and Suspension after Failing to Correct “Improper Pricing Behavior”
Chinese regulators imposed the maximum penalty of 1.5 million yuan ($235,257) on Alibaba-backed community group-buying platform Nice Tuan after the company failed to rectify product dumping and pricing fraud.
Oppo Reno 6 Lineup Launched with 90Hz Display, 65W Fast Charging
Chinese smartphone maker Oppo on Thursday unveiled the lineup for one of its most awaited series – the Oppo Reno 6, Oppo Reno 6 Pro and Oppo Reno 6 Pro+.
China Esports Weekly: SuperGen Education Wraps Up Undisclosed Series A Funding Round, JingDong Gaming Rebrands
Last week, Chinese esports organization Royal Never Give Up (RNG) crushed their opponent, South Korean team DWG KIA, in a best-of-five game to win the championship in the League of Legends Mid-Season Invitational (MSI).
Ride-hailing Giant Didi Chuxing to Give Drivers Access to Pay Breakdown in Bid to Improve Transparency
Chinese ride-hailing company Didi Chuxing is pushing ahead with its pledge to be more transparent, amid concerns about the platform's pricing mechanisms and accusations of unfair commission rates.
Pinduoduo Pulls Ahead with 824 Million Users, Vows to Use Scale for Good
Chinese e-commerce and grocery platform Pinduoduo has reported expectations-beating first-quarter results, backed by a 31% year-on-year increase in annual active buyers to 823.8 million.