Haidilao, a popular Chinese hot pot restaurant chain, said on July 11 that it is considering the possibility of splitting overseas subsidiary Super Hi International Holding Ltd, listing it on the HKEx by way of introduction.
This week: Crypto investor Sequoia Capital China raises $9 billion, Chinese beauty app Meitu records up to $52.3 million in net losses amid crypto market crash, Animoca Brands leads $32 million funding round for Web 3.0 gaming company Planetarium Labs, and more.
Missfresh, a grocery e-commerce platform based in China, recently identified certain transactions carried out by its Next-Day Delivery BU in 2021 that exhibited characteristics suggesting questionable transactions.
TimePlus, a real-time data analysis infrastructure platform with streaming data as the core, announced on July 8 its completion of seed-round financing led by GL Ventures.
Since the bankruptcy and liquidation of Terra/LUNA, stETH, and 3AC, the transaction volume of the world's NFT market has shown a downward trend. Meanwhile, China, on the other side of the ocean, is leading the digital collection market.
Xingji Technology, founded by Chinese automaker Geely's Chairman Eric Li, recently acquired smartphone brand Meizu. On July 5, an auto blogger revealed that Geely and Meizu will launch an independent new brand while retaining the Meizu brand.
According to a report released by IDC on July 5, China's blockchain-as-a-service (BaaS) market reached $188 million in 2021, improving further from a strong 2020, with a growth rate of 92.6%.
When the founders of XPeng and Li Auto, two famed Chinese EV startups within a trio that also includes NIO, were busy interacting with each other on social media during a marketing relay for their newest EV lineups, NIO's founder kept a low profile.
Ketika pendiriXiao PengDanLi CarDua startup mobil listrik China yang terkenal di trio ini juga termasukSungai NeoDi tengah kampanye pemasaran jajaran mobil listrik terbaru mereka, mereka sibuk berinteraksi di media sosial,Sungai NeoPendirinya sangat rendah hati.
This week: metaverse dating app Soul eyes Hong Kong IPO, ByteDance continues metaverse investments with the acquisition of VR startup PoliQ, Chinese tech giants vow to end NFT speculation, and more.
On June 27, Nike, the U.S. sportswear giant, released key financial data for its fiscal 2022 fourth quarter and full year ended May 31, 2022. Its share price fell nearly 7% the next day and its market value dropped by $12 billion.
Uxin has signed a financing agreement with its existing shareholder NIO Capital's affiliated company, which subscribed for 714 million senior convertible preference shares, with a total value of $100 million.
Grizzly Research released a report on Tuesday claiming that NIO, a Chinese new energy vehicle company, is likely using an unconsolidated related party to exaggerate its revenue and profitability.
Li Auto announced on Tuesday that it will sell American depositary shares (ADSs) with a total amount of no more than $2 billion through an at-the-market equity offering program on the Nasdaq Global Select Market.
NetEase Cloud Music has recently tested a new product called "MUS," its first music-based social app. The name MUS is the abbreviation of "music with us."
TechStar Acquisition Corporation, a special purpose acquisition company (SPAC) initiated by CNCB Capital, Zero2IPO Group, Zero2IPO Capital, and three individuals, submitted a listing application to the main board of the HKEx on June 24.