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.
Trade tension between the U.S. and China exacerbates as Steve Bannon, former White House chief strategist, says driving out Huawei is more important than the trade deal.
On April 23, Luckin Coffee, the Chinese Starbucks challenger, filed for official IPO to the U.S. Security Exchange Commission, with the ticker symbol 'LK'.
On Apr. 3, Ruhnn, an Alibaba-backed Chinese influencer startup went listed on NASDAQ, with a ticker symbol of “RUHN” and issuing price of $12.5. The total financing is expected to reach $1,250 million.
Pinduoduo released its full-year financial report on Mar. 13. The Shanghai-based Chinese e-commerce company, which has been likened to Groupon, exceeded market expectations in terms of revenue but missed earnings estimates.
Tencent Music (TME), the music streaming subsidiary of the China tech giant Tencent Holdings Ltd., raised $1.1 billion in its U.S. initial public offering (IPO), pricing shares at $13 per piece on Dec. 12 local time.
On Nov. 26, Tongcheng-eLong, the online travel platform backed by Tencent became listed on the Hong Kong Stock Exchange (HKEX) at an issuing price of 9.8 Hong Kong dollars.
On Nov. 22 Meituan-Dianping, China’s on-demand service provider, released its first earnings report after raising $4.2 billion in an IPO in September. Its third quarter operating loss soared to $497.46 million, that means it tripled from last year’s $151 million for the same time period.
Faraday Future (FF), the electric car start-up aiming to challenge Tesla, held an “Evolution Strategy Communication Meeting” at the Los Angeles headquarters on Nov. 12.
Throughout the first three quarters of 2018, Chinese tech companies far outnumbered U.S. companies in filing for IPOs on U.S. stock exchanges, according to an IPO report released by Renaissance Capital, a leading IPO investment research company.
LAIX Inc., an English learning platform from China driven by artificial intelligence (AI) technology, listed on the New York Stock Exchange (NYSE) on Sept. 27. It is trading under the ticker symbol LAIX.
China Renaissance Holdings Ltd. officially listed on the Main Board of the Hong Kong Stock Exchange at 9:30 a.m. on Sept. 27, under the ticker 1911.HK. This marks the emergence of world-class Chinese investment banks, as reported by Chinese media.
Happy Holidays, TechBuzz listeners! That’s right, it’s Mid-Autumn Festival, followed closely by Golden Week for the Pandaily team back in Beijing. In honor of the holidays — and to commemorate *almost* six months since we released our first episode of TechBuzz back in April of this year — co-hosts Rui and Ying-Ying are taking off as […]
NIU Technologies Group, a Chinese electric scooter startup, has submitted its prospectus to the U.S. Securities and Exchange Commission (SEC) for an IPO on NASDAQ, intending to raise up to $150 million. The number of shares and their price range remain unknown.
