China’s largest online travel firm Ctrip.com is considering a delisting from Nasdaq due to the impact of COVID-19 and rising US-China tensions.
Shares of China’s second biggest search giant Sogou have jumped 43.5% after the company announced shareholder Tencent has offered a non-binding proposal.
Career and social networking platform, Maimai, announced its Series D round of funding on August 21. The China-based company raised $200 million at a valuation of over $1 billion, making it the first and only unicorn in the career and social networking space.
Beijing-based media group Caixin Global reported that the list of companies issued China Depositary Receipts (CDR) has been released. The companies include BATJ (Baidu, Alibaba, Tencent, and JD.com), Ctrip, Sina Weibo, NetEase and Sunny Optical Technology.
Sogou was listed for trade on the New York Stock Exchange on the evening of November 9. Charles Zhang, Sogou’s shareholder and Sohu's founder, and Sogou CEO Wang Xiaochuan spoke on the occasion.
Sogou will go public in the U.S. and take a big step forward. Yesterday, Sogou formally submitted its prospectus to the U.S. Securities and Exchange Commission. Sogou plans to raise up to 600M dollars through IPO. If all goes well, Sogou will be another eye-catching listed company this year after Snap, MuleSoft, Yext, Carvana, Cloudera…