China Digest: Lashou selects underwriters, social Q&A for programmers, and more
October 9, 2011 by Egi SEPTIADI
Here are some startup news snippets from China, not only in its capital, Beijing, but also other startup hubs such as Shanghai, Hong Kong, Hangzhou, and many more.
(1) Chinese group buying service Lashou has selected CCIG (China Capital Investment Group) and Nomura Securities as the main underwriter of its IPO instead of Goldman Sachs and Morgan Stanley, with Barclays Capitals also listed as an additional underwriter. The Beijing-based company plans to raise between US$100 million and $200 million in the imminent IPO in the fourth quarter of this year.
(2) SegmentFault is a vertical community that provides social Q&A for programmers. Anytime your code is troubling you, post it on SegmentFault and fellow programmers will help you solve it.
(3) Singapore’s Prime Minister Lee Hsien Loong has urged global Chinese entrepreneurs to upgrade and raise their game. He said relying on “guan xi” or connections alone is not going to be enough as China continues to open up more.
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About The Author
Egi SEPTIADI - SGE Alumnus - Intern
Egi is currently pursuing Chemistry at the Nanyang Technological University in Singapore. While not mixing compounds in the lab, the Indonesian is always on the hunt for recommended "makan" (Malay for "eat") places for local food. But the true blue foodie admits that "as long as the food tastes good, he'll go for it".
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