Chinese EV Maker Xpeng Raises $1.5B In Its IPO

08/28/20 • 7 min

News Briefing for August 28. Chinese EV maker Xpeng Motors rang the opening bell at the New York Stock Exchange and saw a strong performance in trading. Meanwhile back home, BlueCity, the owner of China's biggest LGBTQ dating app Blued, said on Wednesday it had bought Chinese lesbian dating app LESDO. In today's show, we will bring you the latest.

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Breaking Down TikTok’s Case Against Trump Administration

News Briefing for August 26. TikTok has officially filed a federal lawsuit against the executive order from President Trump on a potential ban or forced sale of the company’s operations in the United State. In today’s show, we will break down the details of the case for you.
Meanwhile back home, yesterday, August 26th, was the Qixi Festival, which is often referred to as ‘Chinese Valentine’s Day’. Like other festivals in China, Qixi is able to boom “romantic economy” every year, including the hotel, tourism and flower industries. How did the markets perform this year, especially under the pandemic? In today’s show, we will go into some detail about the event.

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ByteDance’s US Sale Possibly Suspended Under China’s Revised Export Restrictions

News Briefing for August 31. TikTok assets may not be sold under the new restrictions revised by China’s authorities, as the regulations require governmental approval on technology exports. The regulations post new threats for TikTok in the US as the Trump administration set a deadline for September 15 to sell or ban its service in the US. In today’s show, we will update you with details of TikTok’s battle on its survival in the U.S.