On March 2, Bilibili submitted an IPO application (FORM F-1) to the U.S. Securities and Exchange Commission (SEC). Bilibili plans to list in the U.S. under the symbol "BILI" and aims to raise $400 million.
Baidu released their Q4 2017 and full year 2017 financial reports today. According to the reports, iQIYI had applied for listing to the U.S. Securities and Exchange Commission, and Baidu will remain iQIYI's top shareholder post-listing.
Financial Times reported that Ant Financial is planning to raise $5 billion in a new funding round.
When talking about Lei Jun, people are as likely to mention his role in Xiaomi as his history as an investor. Lei Jun has already invested in numerous Internet companies. In 2018, Xiaomi is continuing its path to a public listing. 2018 is on track to be the "capital year" for Lei Jun.
Bloomberg reported that Huami, Xiaomi's subsidiary, has started its roadshow for an initial public offering in the US. Huami plans to be listed on the Nasdaq global market on February 8.
The US Securities and Exchange Commission (SEC) said on Tuesday that the Huami had submitted an IPO request. That means Huami could soon be listed in the US stock exchange. Huami’s IPO would have a major impact on Xiaomi's valuation, as Huami is a Xiaomi eco-chain company.
Douyu held its 2017 Awarding Ceremony in Shanghai yesterday. Chief operating officer Cheng Chao confirmed Douyu is preparing for an IPO in an interview.
Bilibili is rumored to be going public in the US in the first quarter of 2018, valued at $3 billion to $3.5 billion. Bilibili declined to comment.
Xiaomi Chairman Lei Jun reportedly contacted an investment bank in November 2017 about a potential public listing of the company in the second half of 2018. Lei is said to have set a valuation goal of $200 billion. The company would not comment on the rumors.
Citing an insider, Bloomberg reported that Xiaomi is discussing its potential IPO with an investment bank and expecting a US $50 billion valuation.