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Cute goddess is actually an aunty

Live-streaming is big business and sometimes fans fall for an illusion.

China's Wanda Sports raises $190.4 million in downsized IPO

HONG KONG/NEW YORK (Reuters) - Wanda Sports Group, a sport events owner whose interests include the distribution of media rights in Asia for the FIFA World Cup, said on Friday it priced a smaller-than-expected U.S. initial public offering (IPO) below its targeted range to raise $190.4 million (£153.07 million).

After conquering short-video market, Kuaishou guns for China’s gamers with promise of ‘support’

The Tencent-backed startup plans support to about 1 million video game broadcasters on its platform. Kuaishou estimates it has 35 million daily active users on its Twitch-like service, more than those on rivals Huya and DouYu.

Alibaba files for a Hong Kong mega listing

HONG KONG: Alibaba Group Holding Ltd has filed confidentially for a Hong Kong listing, people familiar with the matter said, moving closer to what is potentially the city’s biggest share sale since 2010.

DouYu delays US IPO launch on trade jitters

HONG KONG: DouYu International Holdings Ltd., a Chinese video-game live-streaming platform, is delaying the launch of its U.S. initial public offering following market jitters over President Donald Trump’s threat to boost tariffs on China, people with knowledge of the matter said.

Money for college admission

Beijing: A college admissions cheating scheme in the United States has triggered widespread discussion among Chinese netizens during the four-day May Day holiday after it was reported that a wealthy family paid US$6.5mil (RM26.8mil) to assure their daughter’s admission to Stanford Univer­sity.

China’s game streaming site Panda TV confirms it will end service amid cash crisis

Panda TV still ranked as China’s No. 3 game streaming network in terms of active users at the end last year. Platform was founded in 2015 by Wang Sicong, son of Chinese tycoon Wang Jianlin.