Stocks

Under the agreement, Centurium Capital has agreed to invest approximately $240 million in a private placement of Luckin Coffee's senior convertible preferred stock.

Shares of Alibaba closed 6.5 percent higher in Hong Kong to trade at HK$232 Monday as the anti-monopoly investigation it faces settled.

The ADR of US-traded Tencent Holdings fell nearly 10 percent pre-market after its largest shareholder Prosus announced plans to sell HK$114.1 billion worth of its holdings.

On April 6, short-seller Hindenburg Research published a report claiming that Ebang transferred funds illegally through insider trading.

Regarding Bilibili's share price performance in Hong Kong, its chairman and CEO Chen Rui said that the capital market situation is relatively poor and this should be considered a black swan event.

Net loss for the quarter was RMB 237 million, compared to net income of RMB 7.8 million in the third quarter of 2020, according to the company's earnings report released today.

It achieved revenue of $47.24 million in the fourth quarter, a 136.5% jump year-on-year, and has achieved year-on-year growth rates of more than 100% for five consecutive quarters.

China's state broadcaster CCTV posted a comment on its WeChat account saying the mistake was "staggering" and that "it's an inexcusable oops."

Going public can be a complicated process, especially considering the amount of documentation that needs to be prepared. So, is there a shortcut? Chinese video platform Bilibili seems to have found one.

In December, LIZHI announced that XPeng Motors introduced its audio products in the latter's in-vehicle systems, leading to a 100% jump in its share price.