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
Chinese Firms Face Rising Compliance Demands in Global Expansion
China Unicom Slashes Spending, Pivots Harder to AI
Unitree Robotics Files for $608 Million STAR Market IPO
LATEST
Tencent Folds AI Lab Into Hunyuan Team in Major AI Overhaul
Unitree Robotics Files for $608 Million STAR Market IPO
Xiaomi Unveils Trio of Large AI Models in $8.7 Billion Bet
ByteDance to Sell Game Studio Moonton to Saudi Wealth Fund
Alibaba Cloud Revenue Jumps 36% as AI Strategy Pays Off
China Unicom Slashes Spending, Pivots Harder to AI
Chinese Firms Face Rising Compliance Demands in Global Expansion
Tencent to Launch Hunyuan 3.0 in April, Build WeChat AI Agent
Tencent Profit Rises 16% as Overseas Games, Cloud Gain Traction
Alibaba Joins OpenClaw-Driven AI Agent Race With Wukong Platform
Google to Open Gemini to All Users in Hong Kong
ByteDance Halts Global Rollout of Seedance 2.0 Amid Copyright Dispute
Tencent Joins OpenClaw Sponsors After Data-Scraping Spat With Founder
Alibaba Consolidates AI Efforts Into New Token Hub Unit
Memory Chip Surge Forces Chinese Smartphone Makers to Raise Prices
D-Robotics Raises $120 Million as Investor Appetite for Embodied AI Grows
Chinese Data-Centers-in-Space Firm Raises Fresh Funds
EHang Posts First-Ever Quarterly Profit
Tencent Denies Copying Claims by OpenClaw Creator
Apple to Cut App Store Commissions in China Amid Scrutiny
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