Pandaily's Digest #20211011
Lenovo responds to withdrawal of IPO, Shanxi's severe floods, ByteDance's head of vision technology leaves post, Meituan's response to criticism, Anjuke's HK IPO prospectus is invalid, and more.
PC Maker Lenovo Group Issues Response to Withdrawal of STAR Market IPO
On October 10, Chinese PC manufacturer Lenovo Group responded to the termination of its listing to the Shanghai Sci-Tech Innovation Board (STAR Market). “Considering the scale and complexity of the company’s business, the financial information in the prospectus may expire during the application review process. At the same time, after carefully considering the latest capital market conditions, we decided to withdraw the listing application,” Lenovo said in a statement.
Northern China’s Shanxi Province Hit by Severe Floods, Tencent, Baidu, Alibaba and Others Jump In to Help
Over the past week, Shanxi, a plateau province located in northern China, has suffered from continuous rainfall, causing geological disasters such as collapses, landslides and serious urban water logging across the province. Shanxi’s rainstorms have aroused national concern, and many enterprises including Tencent and Alibaba have donated money to help.
Wang Changhu, Head of Vision Technology and Former Director of AI Lab at ByteDance, Leaves Post
Tech Planet reported on Monday that Wang Changhu, the head of Vision Technology at ByteDance, has recently left his post at the firm.
Meituan Responds to Netizens’ Criticism That Accounts Are Easily Stolen
A netizen posted a message criticizing Meituan's account security system on Weibo, complaining his account was reconnected to another mobile phone number by someone else.
Huawei to Launch Nova Product Series Overseas on October 21
Huawei, one of the world’s leading communications technology companies, announced that its new product launch will be held in Vienna, Austria, on October 21, starting at 3 p.m. Central European Time and hosted by Derek Yu, President of Huawei’s consumer business in Central and Eastern Europe, Northern Europe and Canada.
HKEX IPO Prospectus for Real Estate Trading Platform Anjuke is “Invalid”
This Friday, HKEX information showed that the IPO prospectus submitted by Anjuke had become invalid. At present, the relevant application materials are no longer supported for reading or downloading.
Baidu’s $3.6 Billion Bid for YY Live Could Fail
China’s antitrust regulator is unlikely to approve Baidu’s acquisition of Joy Inc.’s video-based home live streaming business YY Live for $3.6 billion.
WeChat Responds to Netizens Opposed to Apps’ Background Access of User Photo Albums
Chinese web user posted on domestic microblogging platform Sina Weibo on Friday, saying that “WeChat, QQ, Taobao and many other apps repeatedly read albums in the background system.”
Evergrande Punishes Six Executives Involved in Early Redemption of Company’s Investment Products
Six executives of the heavily indebted China Evergrande Group have fully returned funds from early redemptions of the company's investment products before Friday, the property group said Saturday.
Over 20 Virtual Currency Companies Withdraw from Chinese Market Following Strict Regulations
According to data gathered by reporters at Securities Daily, after China introduced new regulations to crack down on virtual currency speculation, as of October 7, over 20 virtual currency-related enterprises have announced that they would stop providing related services to users in China and completely withdraw from the Chinese market.
