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ByteDance-owned short-drama platform 'Hongguo' said reports it has canceled its comic-drama column are false, adding that a small number of user reports reflected routine functionality product testing.

2026-07-21

ByteDance-owned short-drama platform 'Hongguo' said reports it has canceled its comic-drama column are false, adding that a small number of user reports reflected routine functionality product testing.

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2026-07-21

The Shenzhen Component Index rose by more than 1%; among its constituent stocks, many stocks, including Sinocera Materials, Yuxin Technology, and Sifang Jingchuang, rose by more than 11%.

The Shenzhen Component Index rose by more than 1%; among its constituent stocks, many stocks, including Sinocera Materials, Yuxin Technology, and Sifang Jingchuang, rose by more than 11%.
2026-07-21

July 21 — Changxin Technology published final strategic placement results. Thirty strategic investors were initially allocated 3.344 bln shares but subscribed only 1.667 bln shares, about a 50% reduction. Investment banks said the initial allotment w

July 21 — Changxin Technology published final strategic placement results. Thirty strategic investors were initially allocated 3.344 bln shares but subscribed only 1.667 bln shares, about a 50% reduction. Investment banks said the initial allotment was set at the regulatory cap (50% of the issue, 3.344 bln shares) to leave redundancy, with later reallocation reducing the final subscribed volume. The 30 investors still provided the originally committed cash of CNY 14.437 bln; the excess shares were transferred to the online subscription, materially boosting online IPO allotment rates.
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