Short Video Giant Kuaishou Poised to Raise $5 Billion in IPO

EXCLUSIVE: Filippo Meneghetti’s Golden Globe nominated Two Of Us goes out in the U.S. today via Magnolia Pictures. As a special treat for the virtual release, star Barbara Sukowa was interviewed by Golden Globe winner and Oscar nominee Isabelle Huppert in a discussion that will play after every screening. Check out an exclusive clip above.

Shares of KuaishouTechnology, China’s second-most popular short-form video app behind TikTok owner ByteDance, rocketed nearly 300 percent Friday in their debut on the Hong Kong stock exchange. Shortly after the opening bell, the stock was selling at more than HK$330, nearly triple the initial public offering list price of HK$115 and valuing the company at $179 billion.

Patrick Frater Asia Bureau ChiefShares of Chinese social video company Kuaishou made a stratospheric start in their post-IPO debut on the Hong Kong Stock Exchange. Early trading on Friday morning saw their price nearly triple, instantly making the TikTok rival one of the world’s largest media groups.Raising some $6 billion of new cash, the offer was already one of the largest in the Hong Kong market’s history.

Canadian embassy’s apology and explanation after a diplomat created a custom-made T-shirt appearing to make fun of the coronavirus crisis.The offending shirt contained the word Wuhan, the Chinese province in which the virus originated, emblazoned on the ‘W’ bat-like symbol of Wu-Tang Clan and it prompted an official complaint from China.Canada’s foreign service later apologised for the t-shirt, telling Reuters that the logo didn’t deliberately represent a bat, and is instead meant to be the

Patrick Frater Asia Bureau ChiefE-commerce and entertainment giant Alibaba said that the Chinese government’s increasingly negative attitude towards big tech is giving it near term problems. But the company was able to deliver huge profits of more than $9 billion in the three months to December.In the period, which represents the third quarter of its financial year, Alibaba’s revenue was RMB221 billion ($33.9 billion), an increase of 37% year-over-year.

coronavirus crisis.The offending shirt contained the word Wuhan, the Chinese province in which the virus originated, as part of the ‘W’ bat-like symbol of Wu-Tang Clan.

Keke Palmer, 27, showed off her sense of humor when taking on the popular silhouette challenge on Jan. 31! The actress starts off like everyone else in the video, which she posted to Instagram, and brushes her teeth while wearing a light and dark orange tie-dye night shirt. She then walks away from the camera into the doorway of the bathroom before the lights go out and she puts her hands up in the door frame while swinging her head back as she looks to be wearing next to nothing.

As the Sundance Film Festival kicked off virtually amid the novel coronavirus pandemic, founder Robert Redford made a brief appearance during the opening night welcome ceremony from Park City, Utah. Redford, who skipped for the second year running the opening press conference earlier in the day, was not personally featured on screen.

Todd Spangler NY Digital EditorApple tapped director Lulu Wang to showcase the cinematic features of the tech company’s latest iPhone.Wang, who wrote and directed 2019 feature film “The Farewell,” directed a new short for Apple in celebration of Chinese New Year, “Nian,” which puts a fresh twist on a well-known Chinese folktale.

Nothing but love! Gwyneth Paltrow and Chris Martin have set the standard for friendly celebrity exes — and the actress certainly doesn’t mind sharing her affection for her ex-husband.

Gwyneth Paltrow doesn't mind looking back on the good times! The 48-year-old Goop founder took to Instagram on Sunday to comment on a sweet throwback video from her ex-husband Chris Martin's band, Coldplay. The throwback clip is from the group's 2000 music video for their song, «Shiver,» and Martin can be seen belting out the tune.

Burns Supper to raise a glass to Scotland’s national bard.Coronavirus lockdown restrictions may have put mass gatherings to celebrate Robert Burns on hold - but that's not stopping Scots working at UK Embassies worldwide celebrating online.Scots working for the UK Government in countries including Bahrain, Chile, China, Germany, Iceland, Ireland, Kazakhstan, Malaysia, Mauritius, Pakistan, Peru, Tunisia, and Turkey are among those participating in the virtual Burns Supper.Employees at FCDO’s

Gwyneth Paltrow and Chris Martin are once again proving they are the ultimate example of friendly exes.

As a nation, we have little to entertain ourselves with as we trudge through Ireland’s third lockdown and watch the news each day, scouring the bulletins for a sign of hope that the good times will be back soon.

Patrick Frater Asia Bureau ChiefChinese film and TV studio Enlight Media says it is moving ahead with development of a movie-inspired theme park in Yangzhou, eastern China. It has selected Hollywood firm Legacy Entertainment as the designer of the park’s core Enlight Epicenter component.Plans for Enlight Movie World were first announced in 2018.

Patrick Frater Asia Bureau ChiefFund manager and investment research firm Grizzly Reports has issued a warning about DouYu, a Chinese live streaming company that is listed on New York’s NASDAQ stock exchange.The report alleges that the site has benefited from and encouraged its users to host online lottery operations that are illegal in mainland China. Chinese regulators are already tackling the problem from multiple angles, which Grizzly says will push the company further into loss.