Foucus:

With Nio and and Li Auto having joined the wave of US IPOs, Xpeng also raised $1.5 billion in an initial public offering on August 27th, becoming the third Chinese  electric-car maker in the US IPOs. 

On August 26th, Chinese online education platform Kaikeba.com announced it has split from its parent company Huike Group, and independently raised 550 million yuan ($80 million) in its Series A financing. This round of financing was jointly supported by Gaorong Capital and GL Ventures.And Taihecap served as the exclusive financial adviser to the deal.

In August, the Internet giant made quite a few moves in the healthcare sector:

Ant Financial's IPO has been in the news for months, and on the evening of August 25, Ant Group filed a listing prospectus (draft filing) with the Shanghai Stock Exchange's STAR Market. The company simultaneously submitted the A1 Application Proof to the Hong Kong Stock Exchange, marking a key step towards A+H listing. This is the first time Ant Finance has fully disclosed the big picture, revenue, and other core data and future plans of the business.

Focus：

On the evening of August 20, Alibaba announced its fiscal first quarter (April to end of June 2020) financial results. According to the report, Alibaba's revenue in the first fiscal quarter was 153.75 billion yuan, up 34% from the same period last year. Non-GAAP net profit was 39.47 billion yuan, up 28% year-on-year.

SandStone Data, a Chinese enterprise-level data storage service provider that mainly provides SDS (software-defined storage) products and services in the 5G+AIoT era, officially announced that it has completed a 150 million yuan (US$21.37 million) series B+ financing on July 8, 2020. 

During the COVID-19 epidemic outbreak in the first half-year, tens of millions of trips booked on Trip.com were canceled or rescheduled, which puts a lot of competitive pressure on it.   On August 16, Trip.com and JD.com inked a strategic cooperation. JD.com will have access to Trip.com's core product supply chain, and the two sides will carry out all-round cooperation including users, channel resources, business travel expansion.   It's worth noting that prior to the official cooperation was announced, there were rumors that Trip.com chairman Liang Jianzhang and Alibaba CEO Zhang Yong had a meeting in Hangzhou, and that the two sides might be cooperating more on the basis of Alipay, and there were even rumors that Alibaba might be teaming up with Trip.com by way of acquisition, equity stake or strategic cooperation.   Whether the news is accurate or not, Liang Jianzhang is indeed looking for a partner for Trip.com, and the main reason behind this is to fight with Meituan, its arch-rival.   In July this year, Meituan launched a hotel advance purchase product named "Super Group-Buying", mainly for the international and domestic (China) high-end hotel group to attract investment, whose requirement is to participate in the hotel discounts below the market price of 60%, unused and expired at any time back.   Obviously, the move is a direct threat to Trip.com's development. And in the face of Wang Xing's challenge, Liang Jianzhang also takes an active measure.    Meituan is expanding its businesses from all sides, while Trip.com is sticking to its hotel and tourism business market. Now, the two are on a direct conflict, and it's unclear who will win.