Xiaochun Zhao

About a month ago, Carousell announced a USD85- million Series C round led by Rakuten Ventures and EDBI.

Chinese regulators introduced CDR trial rules last week.

Byton, formerly known as Future Mobility, was founded in Nanjing in 2016 and is led by former BMW executives. It claims its concept SUV costs 40% cheaper than a Tesla Model X.

The startup also counts Sequoia Capital, Lightspeed China Partners, China Renaissance, and Vision Plus Capital as backers.

Douyu rival Huya listed on New York Stock Exchange in May. 

Grab doesn’t have a plan to break even now.

Starting from Thursday, companies listed overseas with a valuation of over RMB 200 billion could start to apply for CDRs.

Both Jack Ma’s Yunfeng Fund and Toutiao were said to be mulling over investing in AcFun.