It has been slightly over two months since Didi’s autonomous driving division was spun off into an independent entity in an attempt to stimulate the company’s efforts in R&D and product application.
Blued, China’s largest gay-dating app for men, is planning a US IPO that could raise about $200 million.
Faraday Future (FF) has added another chapter to its tumultuous history, as the company is rumored to be restructuring its organization and CEO Jia Yueting will step down as the firm’s leader.
36Kr is said to be planning to list their media department on NASDAQ in the United States as they seek to raise $100 million.
Alibaba Group has delayed its much-awaited listing in Hong Kong that could help the company to rake in up to $15 billion.
Chinese gaming company Beijing Kunlun Tech announced on July 29 that the company is relaunching the process to float popular gay dating app Grindr. Kunlun decided to revive its plans for an IPO after a U.S. national security panel dropped its opposition to the plan.
Wanda Sports Group Co. debuted on the NASDAQ on Friday July 26, and was subsequently pummeled by investors, falling 36% from its opening IPO price.
China in all respects is a game streaming Eden. With a vast population and prodigious strides in tech, it will hardly run out of young virtual reality pundits willing to show off their gaming skills online in the near future.
Beijing Papaya Mobile Technology Co. recently rescinded its IPO application from the Shanghai Stock Exchange’s recently established science and technology innovation board.
Douyu TV, the largest game-centric live streaming platform in China, has updated the terms of its IPO in its prospectus. The Wuhan-based firm said it will offer a total 67.4 million shares, of which 44.9 million American depository shares and 22.5 million shares offered for sale by current stakeholders.
China officially inaugurated its highly anticipated science and technology innovation board at the Shanghai Stock Exchange (SSE) on June 13, a milestone in the country’s capital market development.
Bloomberg has reported that Alibaba will choose China International Capital Corp. and Credit Suisse Group AG to lead the share sale for their Hong Kong offering.
In episode 46 of TechBuzz China, co-hosts Ying-Ying Lu and Rui Ma take a look at the market for China’s overseas online brokerages, which help Chinese people to invest in securities outside of mainland China. Of note, two Chinese fintech startups, Futu (富途 fù tú, or “path to riches”) and Tiger Brokers, went IPO in quick succession in March.
Almost three years after Didi emerged triumphant in the war for the Chinese market, the two ride-hailing companies have again clashed over emerging markets like Latin America. As Uber and Didi are at different stages in their development, with different strategies, the key question is: what’s next in the race for global mobility domination?
On June 6, sports community platform Hupu officially confirmed that it obtained 1.26 billion yuan ($182 million) from Bytedance in the pre-IPO round. This gives Bytedance a 30% stake in Hupu.