Lu Zhao

Lu Zhao is a multimedia journalist whose work has appeared in global publications on diverse topics. She has a broad interest and determines to tell the uncommon stories of the common life. Check out more of her work here: https://luzhaowriting.wordpress.com/

Contact Author: luzhao@pandaily.com

Shares of China’s Largest Chipmaker SMIC Triple in Shanghai Debut

Shares of China’s biggest contract chipmaker SMIC soared by 245.96% to 95 yuan ($13.59) on its first day of trade in Shanghai.

Xiaomi Launches New Lifestyle Products

Xiaomi on Wednesday announced five new lifestyle products including a fitness band, electric scooter, TV stick, curved gaming monitor and wireless earphones.

US Restricts Visas for Employees of Huawei and Other Chinese Tech Companies

The US announced visa restrictions on employees of Chinese technology firms including Huawei, a day after the UK banned Huawei from its 5G network.

Tencent-Backed Archosaur Games Makes HK Debut, Shares Rise 55%

Shares of mobile game developer Archosaur Games, Tencent-backed company, rose 55% to HK$18 ($2.32) per share after its Hong Kong IPO on Wednesday.

UK Bans Huawei From its 5G Network

Mobile network operators won’t be allowed to purchase Huawei equipment after December 2020. Any existing Huawei gear has to be removed by 2027.

Luckin Coffee Names Guo Jinyi Chairman and CEO After Founder Charles Lu Ousted

Luckin Coffee appointed Guo Jinyi, a board director and former acting CEO, as chairman and CEO in replacement of its co-founder and former chairman Charles Zhengyao Lu.

DiDi Ride-Share Coming to 20 More Cities in Australia

DiDi will launch its ride-share service in 20 new Australian locations on August 10.

What’s Behind Pinduoduo’s Ownership Change

Colin Zheng Huang, the founder of Chinese e-commerce giant Pinduoduo (PDD), has stepped down as CEO and reduced his stake in Pinduoduo stock to 29.4% from 43.3%.

Chinese EV Maker Li Auto Files for Nasdaq IPO

Chinese electric vehicle (EV) maker Li Auto Inc. has filed for a US initial public offering of up to $100 million, seeking to list its stock on the Nasdaq.

Alibaba’s GMV Surpasses $1 Trillion in Past Fiscal Year

Alibaba Group Holding Limited on Friday released its annual report for the fiscal year ended March 31, 2020, which shows it achieved a record gross merchandise volume (GMV) of $1 trillion while it had 780 million annual active consumers in China in the past fiscal year.

Kuaishou Joins Hands With Tencent Music to Launch Annual Songwriting Competition

Kuaishou announced an annual singer songwriter competition called Album 12, partnering with Tencent Music’s music streaming service QQ Music for the event.

Xiaomi’s Poco M2 Pro Coming to India on July 14

Xiaomi spin-off brand Poco announced it will launch its latest midrange smartphone, the M2 Pro, on Flipkart exclusively for the Indian market on July 14, starting at 13,999 rupees ($185).

Bilibili Launches Business Matchmaking Platform for Content Creators and Advertisers

Bilibili on Wednesday launched a new matchmaking platform called Sparkle, or Hua Huo in Chinese, to help brands and agencies connect with content creators.

OnePlus Nord is Coming July 21

OnePlus said it will launch its new midrange smartphone Nord with a virtual reality event on July 21.

OPPO Helps Deploy UK’s First 5G Standalone Network

China's smartphone maker OPPO has helped deploy the UK's first 5G Standalone network and partnered with 40 major European carriers to advance 5G technology.

Weibo-owner Sina Gets $41 per Share Bid from CEO-controlled company New Wave

Sina Corp. said on Monday it had received a preliminary non-binding go-private offer of $41 per share in cash from New Wave MMXV Limited.

Luckin Shareholders Oust Chairman Charles Zhengyao Lu

Luckin Coffee Inc.’s shareholders voted to dismiss its chairman Charles Zhengyao Lu, days after the board of directors failed to do so.

SAIC to Purchase $254M Shares From Luckin Chairman Lu’s Car Rental Company

SAIC Motor Corp. Ltd reached an agreement to buy 28.92% of the share of car rental service provider Car Inc at the price of HK$ 1.9 billion.

Charles Zhengyao Lu Remains Luckin Coffee’s Chairman

Luckin Coffee Inc. said Thursday that its co-founder Charles Zhengyao Lu will remain chairman, after the board of directors failed to oust him.

Quhuo to Raise $27M in IPO

Workforce operations platform Quhuo Limited (QH) announced it had filed a registration statement with the US Securities and Exchange Commission (SEC).

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