Monday, November 16, 2020

Baidu quarterly revenue beats, to buy JOYY's live streaming unit in China

China's Baidu Inc reported third-quarter revenue above market expectations and said it would buy social media platform JOYY Inc's video-based live streaming business in China for about $3.6 billion. https://ift.tt/3f8wuUM
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Chinese optical transceiver maker Ligent jumps 19% in its Hong Kong debut, giving it a ~$4.6B market cap, after raising ~$727M, the latest Hong Kong AI IPO (Sangmi Cha/Bloomberg)

Sangmi Cha / Bloomberg : Chinese optical transceiver maker Ligent jumps 19% in its Hong Kong debut, giving it a ~$4.6B market cap, after ...