Chinese luxury e-commerce firm Secoo debuts on Nasdaq -- Chinese luxury e-commerce company Secoo Holding Limited on Sept. 22 rang the Nasdaq Stock Market opening bell in celebration of its Initial Public Offerings (IPO). Secoo's IPO of 8,500,000 American depositary shares (ADSs) priced at 13 dollars per ADS, for a total offering size of approximately 110.5 million dollars, assuming the underwriters do not exercise their option to purchase additional ADSs. Each two ADSs represent one Class A ordinary share.
Co-working service provider Distrii raises USD30 mln -- Shanghai-based co-working service provider Distrii announced its series A financing of 200 million yuan (30.2 million U.S. dollars) on Sept. 26. Major investors include the property company Jingrui Holdings' investment platform, Junzi Capital and Singapore property company City Developments Limited. With the capital raised, Distrii will accelerate the expansion of light-asset offices and start tapping Asia-Pacific, Southeast Asia, Europe and North America. Established in late 2015, Distrii opened its first co-working space in May last year. (Source: China Daily)
Didi invests in used car trading website Renrenche -- Two Chinese companies announced on Sept. 25 that Didi Chuxing will invest 200 million U.S. dollars in Renrenche.com, besides directing more than 400 million users in the hope of further promoting the latter's fast growth. The country's leading mobility service platform, Didi Chuxing, also will work with the used car trading website in product, technology, operation, business planning. And Renrenche.com may have its trading service provided to Didi mobile app users.
Luneng Group sets up green research institute -- Luneng Group Co Ltd, a real estate and new energy giant, established a green development research institute on Sept. 23 as part of its efforts to promote ecological recovery and protect biological diversity. The institute plans to conduct six programs in the future, including water and wetland restoration, eco-agriculture development of villages and ecological protection of the Beijing-Tianjin-Hebei region. Chinese and overseas experts involved in green architecture, clean energy, ecological tourism and agriculture will provide advice for those projects. (Source: China Daily)
Huawei enters full-screen arena -- Chinese tech giant Huawei Technologies Co Ltd has officially launched its first quad-camera full-screen smartphone Huawei Maimang 6 in Beijing, marking its first attempt to embrace the full-screen handset era. The Maimang brand, a joint effort by both Huawei and China Telecommunications Corp, the country's third-largest mobile carrier, is targeting the younger generation. Featuring a 5.9-inch full screen, the new gadget offers an aspect ratio of 18:9. Also boasting a 3,340 mAh large battery, the phone comes with 4GB of RAM and 64GB of ROM. (Source: China Daily)
Tencent's hit game ramps up bid to win overseas market -- A megahit mobile game developed by Chinese internet giant Tencent has made fresh inroads into the overseas market. "Arena of Valor" (AOV), the overseas version of Tencent's top-grossing game "Honor of Kings", will be launched this winter on Switch, a popular gaming console developed by Japanese company Nintendo. "The launch of AOV on a mainstream global console is a milestone for the development of the Chinese gaming industry," Tencent Games said in a written reply to Xinhua's interview request.
China's Alipay, Norway's tourism agency forge mutual promotion partnership -- China's leading mobile and online payment service Alipay and Norway's tourism promotion agency on Sept. 21 announced a mutual promotion partnership to provide better services to Chinese tourists in the Nordic country. The partnership agreement was reached by Alipay and Scandinavian Tourist Board (STB), a joint initiative by Denmark and Norway for promoting tourism in China. Alipay will promote Norway as a Chinese-friendly travel destination and a mobile payment oriented country via Alipay's mobile application and external communication channels in China and in Europe towards its 520 million Chinese users.
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