keep Archives - Pandaily

Keep’s Stock Price Falls More than 30%, Hitting A New Low

On January 4th, the share price of leading sports technology company, Keep, fell by more than 30% during trading hours, reaching a new all-time low since its listing.

Keep Lists on The Stock Exchange of Hong Kong with A Market Capitalization of $2 Billion

On July 12th, Keep, the first sports technology company, officially listed on The Stock Exchange of Hong Kong with the stock code "3650".

Chinese Fitness App Keep Updates HKEx Prospectus

On September 6, Keep, a Beijing-based sports tech firm, updated its prospectus on the Hong Kong Stock Exchange (HKEx).

Sports Tech Firm Keep Applies for Hong Kong IPO

Sports technology company Keep submitted its application on February 25 for a public listing in Hong Kong, with Goldman Sachs and CICC serving as co-sponsors.

Chinese Fitness Tech Firm Keep Undergoes Organizational Revamp, Prepares for IPO

Chinese fitness technology company Keep has recently carried out a large-scale organizational restructuring to improve efficiency.

Shanghai Authorities Investigate Auto-Renewal Payments on Apps

On Tuesday, the Shanghai Consumers Council issued a report about its investigation into the renewal deduction time of 12 apps.

Social Platform Soul and Fitness App Keep Reportedly Considering Hong Kong IPO

Chinese social platform Soul and fitness app Keep are considering an IPO in Hong Kong, several media outlets reported on Wednesday. Previously, both companies suspended their plans to list in the U.S.

Faced with Possible Effects of Didi App Removal, Chinese Companies Keep, Ximalaya and LinkDoc Cancel IPO Plans in US

A number of Chinese companies have reportedly cancelled IPO plans in the U.S., in fear of national security review from the authority.

China’s Most Popular Fitness App Keep Valued at $2 billion Following New Funding Round: Reports

The valuation of China’s most popular fitness app Keep has risen to about $2 billion following a $360 million funding round, according to Chinese tech news site 36Kr.

China VC Weekly: Fitness Tech, Groceries, Smart Car Washes and Big Data

This past week saw Keep, China’s answer to Nike’s Training Club, officially become the first unicorn in the world of fitness tech.

Chinese Fitness App Keep Becomes 1st Unicorn in Sports with $80M New Financing

Chinese mobile fitness community Keep announced that it had completed an $80 million E-round of financing earlier this year, and thus became the first fitness tech company to achieve unicorn status.

Keep, Popular Fitness App, Lays Off Employees

On October 24, the company behind the fitness app Keep started a big round of layoffs, according to 36Kr.

Keep Raises $127 Million: Largest Funding Round in the Internet Fitness Industry

Internet fitness company Keep Inc. raised the single largest fundraising round in the world’s Internet fitness industry, with Goldman Sachs leading the $127 million investment in their Series D round on July 10.

TSMC Chairman Morris Chang Announced He will Retire Next Year

TSMC (Taiwan Semiconductor Manufacturing Company) issued a press release that Morris Chang, the chairman and founder of the company, would retire in June next year. At that time, the world’s largest chip foundry company will practice a dual-head system with Dr. Mark Liu as chairman and Dr. CC Wei as the president. Breaking tradition, Chang […]

Landlord Leased Wedding House in Mayi.com but All Was Stolen by Habitual Theif

On the theft case a Hangzhou landlord encountered which was reported by media, Mayi.com said in a statement that, in July, after receiving the landlord feedback, it set up a working group on track. At present, the case is still under investigation and Mayi.com will continue to cooperate with public security for investigation. Some media […]

Costco Must Overcome Three Challenges to Break into the Chinese Market

In October, 2014, Costco opened up an overseas flagship store on TMall International to give e-commerce in China a shot. On January 23rd, 2016, Costco opened a franchised store in Wuhan to give offline retail a try. On September 8th, 2017, Costco announced the opening of its first store in Shanghai, and confirmed the store […]

“Shared Girlfriends” are now Available in China

With the buzzword “Sharing Economy” spreading like wildfire recently, some folks online started joking about having sharable girlfriends next. Taqu (Touch), a popular Chinese adult product m-commerce and socializing app that just went listed on NEEQ (National Equities Exchange and Quotations), recently launched a service for delivering “shared girlfriends”. However, the service isn’t delivering actual […]

Can Jack Ma win the looming war between Alibaba and Amazon?

Can battle-tested and awe-inspiring Amazon and Jeff Bezos beat Alibaba and Jack Ma? A “historical” turning point is seemingly at hand: Alibaba could soon top Amazon in market value. On August 24, by the time the stock market closed, Alibaba’s market value was $445.5 billion, only a limit up away from Amazon’s $455.2 billion. Since […]

In China, McDonald’s and KFC are fighting for a larger slice of the domestic pie

After nearly three decades of fighting, the competition between KFC and McDonalds in China is likely to heat up, because of its newly gotten “Chinese” identity. On November 1, 2016, KFC’s parent company Yum! Brands spun off a new company – Yum! China, and was listed on the New York Stock Exchange. Its core business […]

Keep becomes China’s largest social sports platform

On August 13, Keep, China’s sports APP, announced that the number of registered users broke 100 million, which marked that Keep had become a member of mobile Internet club with more than 100 million users. It also marked the birth of China’s first sports App that had more than 100 million subscribers, and became China’s […]

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