Tencent-backed Beike Zhaofang Raises $2.12B in U.S. IPO
News briefing for August 14. Tencent-backed housing platform, Beike Zhaofang, is set to complete the biggest initial public offering by a Chinese company in the US market despite rising hostility between the two countries and the tightening of securities regulations by the Trump administration. Meanwhile, in today’s What’s up China, we will look at online binge-eating shows that have taken hold on Chinese social media streams and are facing criticisms from officials due to the shows’ apparent disregard for the value of food.
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