Pandaily's Digest #20210607
Nayuki's Tea passes hearing for Hong Kong IPO, Renren Video removed from the App Store, Mole's World game tops China's App Store, Huawei invests in lithography machines.
Bubble Tea Chain Nayuki Obtains Go-Ahead for $500 Million Hong Kong IPO
Premium bubble tea chain Nayuki Holdings passed a hearing for its initial public offering (IPO) on the Hong Kong Stock Exchange on Sunday, paving the way for the company to become the first publicly-listed Chinese high-end beverage brand.
Mole’s World Mobile Game Tops China’s App Store, Appealing to Millennial and Gen Z Nostalgia
The newly released mobile game Mole’s World has topped the free download chart on the App Store in China for a week since its release on June 1, beating Tencent games Honor of Kings and Peacekeeper Elite.
Chinese Video Platform Renren Video Removed From App Store Over Alleged Illegal Content
Renren Video, one of the most popular Chinese streaming platforms offering free subtitled foreign television shows and films, has been removed from Apple’s iOS App store on June 6. Android users are still able to obtain the app on their store, but the “kuaikan” service has been suspended.
Huawei Invests in Lithography Machines, Ascending Chip Industrial Chain
Chinese tech giant Huawei is investing in lithography machines, one of the core equipments required in semiconductor manufacturing, in a bid to mitigate the ongoing global chip shortage.