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The $4.2 billion-valued P2P lending platform PPDAI is back to the game with a long-waited IPO

The company opened for trading at $13.4 per share, up slightly by 4% from the $13 offering price, with its market value reaching $4.234 billion.

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Plus, Amazon agreed to sell some of its Chinese cloud assets to its Chinese partner. Qihoo 360 launched a short video app.
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Kr-Asia Daily: Singapore announced a $20 million grant to promote Fintech
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Plus, Razer saw a rise of 18 percent in their Hong Kong stock market debut. Qualcomm rejected Broadcom’s $103-billion takeover bid.
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Kr-Asia Daily: Shares in Qudian surged 9 percent in their U.S. stock market
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Convenience store is no doubt one of the buzzwords for the Chinese venture investment sector in 2017.
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Deals | 7-Eleven of new retail era? Unmanned convenience store Xiaomaipu receives 1 million yuan investment
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Plus, Singapore’s stock market sees the biggest inflow in a decade. Uber is close to sell its $10 billion shares.
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Kr-Asia Daily: Alibaba’s shopping festival smashed its own record with $25.3 billion in sales.
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Coding is expected to be the third fundamental subject after Maths and English. Are the children prepared?
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Deals | Tencent led Wonder Workshop’s $41 million funding round
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Plus, Alibaba is said to invest about $200 million in Indian online grocer Bigbasket.
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Kr-Asia Daily: Toutiao acquires Musical.ly for $1 billion.
3 mins read