Dec 10 – Chinaccelerator Daily Digest: Five Headlines you need to know 


Chinaccelerator Daily Digest – Dec 10, 2021 Five headlines you need to know. Subscribe for links to these stories and job posts at


1. Luckin Coffee released its unaudited financial report for the Q3, revenue rises to $364.7 million, net loss decreases by 98.6% year-on-year. Pandaily

2. Alibaba invests $38.12 million in UTour Group, becomes second largest shareholder. Pandaily

3. Chinese social media company Renren Inc.’s $300 million settlement with investors rejected, causing U.S. share price to plunge 53%. Pandaily

4. Bilibili was preparing to launch its “Xiaohuangche” function on its live-streaming channel. The feature will enable users to buy goods while watching a live-stream. Pandaily

5. ByteDance to end the operations of the social app Feiliao, known as Flipchat in other markets. TechPlanet & TECHINASIA

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