Chinese online InsurTech company Waterdrop Inc. is planning for an initial public offering in the US in the first quarter of 2021, expected to raise approximately $500 million.
TagTencent
Chinese discount retailer Miniso saw a robust NYSE debut on Thursday, raising $608 million with its stock rising as high as $24.90, well above its price range of $16.50 to $18.50.
Tencent has hired a Washington lobbying firm, making its first move in Washington just one day after US President Donald Trump threatened to ban its social media app WeChat, according to Politico.
Chinese game-centric live streaming platform DouYu International (Nasdaq: DOYU), Monday reported a 33.9% year-on-year increase in total net revenues in the second quarter of 2020, beating the company’s previous estimate.
Tencent is planning to consolidate Huya and Douyu, the two biggest gaming-focused live-streaming platforms in China.
Chinese electric vehicle maker Li Auto has filed for a U.S. initial public offering, aiming to list its shares on the Nasdaq Global Market on July 31.
U.S. electric vehicle Tesla has partnered with China’s largest game publisher Tencent Games for Peacekeeper Elite, one of the most profitable mobile games in the world.
Chinese condiment giant Guiyang Nanming Lao Gan Ma Flavored Food Co., Ltd. said on Tuesday it never had any commercial cooperation with Tencent.
TikTok owner ByteDance announced revenue of 40 billion yuan ($5.64 billion) in the first quarter of 2020, up 130 percent from the previous year.
While the COVID-19 pandemic prevented 127th China Import and Export Fair from taking place, Tencent transformed it into a cloud exhibition.
Enterprise services were the center of attention last week.
As TikTok seizes more territory around the world, its archrival Kuashou that so far hasn’t been as successful internationally is ramping up efforts to narrow the gap with its competitor.
Within the course of the past week, several prominent Chinese companies made fundraising announcements.
Tencent-backed video game livestreaming platform Douyu has helped revive sales of products from Hubei，the province hardest hit by the coronavirus outbreak in China, through a four-day e-commerce livestreaming campaign.
Global financial markets are struggling, having been crippled by the COVID-19 epidemic and the amount of VC deals has noticeably decreased.