August 5th | What's Trending in China

East Goes Global | What’s Trending in China

Wednesday, August 5th, 2020

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Welcome to our Weekly Rundown!

🇨🇳 What's Trending in China, Weekly 🚀

by Ling Tang - Forbidden City, Beijing, China

1) Bilibili, the closest Chinese equivalent to YouTube w/ 170 million users, has changed its iconic splash page, which makes the majority of long-time users unhappy.

2) Luckin Coffee appoints new Director of the Board after its infamous financial fraud.

3) Chinese bottled water giant, Nongfu Spring, has planned for its $1 billion IPO in Hong Kong for this upcoming September.

4) China has finally completed its Beidou-3 global satellite navigation system with the launch of the last satellite.

5) Third Covid-19 wave leads Hong Kong real estate projects to be postponed.

6) Last week we reported how Tesla is ramping up its Shanghai operations due to Model Y development. This week it was reported that China now makes up to 23.3% of Tesla’s total

revenues this quarter.

7) Huawei overtook Samsung in global smartphone shipments for Q2.

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Have a great rest of your week!

East Goes Global