Caixin
Caixin Global – Latest China News & Headlines

Home >

ABOUT US

CX Tech is Caixin Global's real-time tech news portal, featuring 24-hour news, short-form analysis, and roundups from business and tech media in China.

TRENDING
Two Tesla Models Among China's Three Best-Selling Electric Cars in May
Huawei Opens Cybersecurity Center in South China to Share Best Practices
Hanson Robotics Launches Social Robot Prototype for Health Care
LATEST
ByteDance Seeks to Monetize Its Recommendation Tech With Launch of Volcano Engine
Alibaba Developing Self-Driving Trucks With Logistics Arm Cainiao
Chinese LGBTQ Dating App Owner BlueCity Derives 80% of First-Quarter Revenue From Livestreaming
Huawei Opens Cybersecurity Center in South China to Share Best Practices
Hanson Robotics Launches Social Robot Prototype for Health Care
Geek+ Wins Contract from Hong Kong's Circle K to Deploy Depot Robots
Two Tesla Models Among China's Three Best-Selling Electric Cars in May
Xiaomi, Meituan Co-Lead New Funding Round for Lidar Developer Hesai
Dating Apps Operator Momo Reports Revenue and Profit Down as Paying Users Shrink
CATL and BYD in Talks with Apple for EV Battery Supply
Trending in China: Beijinger’s Tirade Against ‘Stinky’ Migrant Sparks Condemnation
Delivery Platform Dada Losses Swell Despite Healthy Revenue Growth
Xiaomi, Vivo and Oppo Sold One-Third of the World’s Smartphones in First Quarter
Sina-Led Consortium in Talks to Buy Stake in Gaming Firm Yoozoo
EHang Expands Self-Flying Vehicle Testing to Japan, Even as Losses Mount
Huawei Ramps Up Investment in Chipmaking as U.S. Sanctions Bite
Meituan Launches Fund to Boost Research Into Low-Carbon Technology
Trending in China: College Hopefuls Tackle Essay on Party History
Tencent Cloud Launches New Data Centers to Meet Global Ambition
Trending in China: High Hopes for Sex Education in Schools
Chinese Sports Info Platform Prepares to Go Public, Again

By Zhao Runhua / Apr 26, 2019 03:05 AM / Business & Tech

Photo: VCG

Photo: VCG

If "never give up" is a motto for athletes, it may also be the spirit of a Chinese company operating an information platform and online community for sports fans.

After failing in an IPO opportunity in 2016, Hupu is making another try at going public on the Chinese mainland, according to a statement from the China Securities Regulatory Commission.

Established in 2007 and now claiming more than 30 million users, Hupu was not known to many Chinese until 2018, when its community members fiercely criticized acoustic effects that superstar Chris Wu’s team put in his electro songs to cover the star’s poor singing. Wu later composed a song to fight back.

Earlier this year, the company again attracted the nation’s attention. In Hupu's online community, some basketball lovers angrily expressed frustration over an "unqualified" NBA Chinese Lunar New Year ambassador ― pop star Cai Xukun ("蔡徐坤"), as all other ambassadors were talented basketball players such as the Golden State Warriors’ Klay Thompson. Cai has more than 20 million fans on Twitter-like Weibo.

Local investment banks including China International Capital Corp. (CICC) are helping Hupu with the filling. It is unclear when Hupu will submit its prospectus.


Share this article
Open WeChat and scan the QR code