Thursday, February 4, 2021

Kuaishou jumped up 194% in its Hong Kong debut after raising $5.4B in IPO; the new share price values the company at $179B (Bloomberg)

Bloomberg:
Kuaishou jumped up 194% in its Hong Kong debut after raising $5.4B in IPO; the new share price values the company at $179B  —  - Tencent-backed short-video startup raised $5.4 billion in IPO  — IPO attracted a record amount of orders from retail investors



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China's smartphone shipments fell 4.3% YoY to 66M units in Q2, the fifth consecutive quarter of decline, amid a memory shortage; Huawei and Apple grew shipments (Kiranjeet Kaur/IDC)

Kiranjeet Kaur / IDC : China's smartphone shipments fell 4.3% YoY to 66M units in Q2, the fifth consecutive quarter of decline, amid ...