Pandaily's Digest #20220505
Bilibili announced on Monday that the company had applied to the Hong Kong Stock Exchange (HKEx) for the proposed voluntary conversion of its secondary listing status on April 29, 2022.
Bilibili’s Dual-Primary Listing Application for Hong Kong Approved
Bilibili, a Chinese video streaming platform popular among younger generations, announced on Monday that the company had applied to the Hong Kong Stock Exchange (HKEx) for the proposed voluntary conversion of its secondary listing status on April 29, 2022, receiving formal approval.
Tesla to Set up Second Factory in Shanghai
Tesla has confirmed plans to build a new production facility near its current factory in Shanghai’s Lingang New Area, in order to expand production capacity, Reuters reported on Tuesday.
Pinduoduo Smart Agriculture Competition Winners Showcase Sustainable Precision Farming Technology
The Smart Agriculture Competition, now in its second year, is the work of lead organizer Pinduoduo, China’s biggest agricultural platform operator, and part of its broader efforts to catalyze the adoption of productivity-enhancing technology among agricultural producers. Recognizing that smallholder farmers make up the bulk of growers in China and have limited financial resources to invest in technology, Pinduoduo has made cost-effectiveness a key judging criterion in the competition.
Chinese New Energy Vehicle Companies Announce April Deliveries
A range of Chinese new energy vehicle companies have recently reported their April delivery results. COVID-19 outbreaks in Shanghai and Jilin have adversely affected supply chains across the country, and car companies were under greater pressure to deliver during the period.
JD.com and Bilibili Added to SEC Delisting Watchlist
The United States Securities and Exchange Commission (SEC) added more than 80 Chinese companies to a delisting watchlist on Wednesday, including JD.com, Bilibili and Pinduoduo, because it was unable to check the firms’ audit working papers.
JD.com Founder Reduces Shareholdings of JD Health
According to information disclosed by the Hong Kong Stock Exchange, Richard Liu, founder of e-commerce giant JD.com, has recently sold 8.84 million shares in firm subsidiary JD Health, cashing out about HK $440 million.
OnePlus Responds to Heating Problem of Ace Smartphone
Chinese smartphone brand OnePlus released its brand-new Ace series on April 21. However, a heating problem of the device has been widely discussed on social media recently.
Property Platform KE Holdings to Complete Dual Primary Listing in Hong Kong
KE Holdings, a Chinese real estate trading platform, announced on Wednesday that it plans to be listed on the Main Board of the Hong Kong Stock Exchange (HKEx) by way of introduction, with Goldman Sachs and CICC as co-sponsors.
Baidu Adjusts Management, Accelerating Development of AI Cloud Group
Robin Li, Founder, Chairman and CEO of Chinese tech giant Baidu, announced on Thursday morning a new round of an executive rotational program in an email to all employees.
Honor to Fully Launch Overseas Market Sales
In 2021, Honor gave priority to the development of the Chinese market, and in 2022, Honor will fully launch overseas market sales. There will be no bottleneck period for Honor in the next five years, and that its market share will continue to rise, according to Honor’s CEO George Zhao.
