During a recent visit to Shanghai, the writer noticed significant changes post-pandemic, including visa programs, digitalization, and the use of apps like WeChat and Alipay for most transactions. While navigating the city’s transformed landscape, the writer encountered challenges with language barriers, payment methods, and transportation options, such as the necessity of using Didi for rides. Despite these obstacles, the writer appreciated the convenience of translation tools within the apps for communication and dining experiences, highlighting the need for proper planning and patience when visiting the city.
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Tencent-backed China Ruyi to tap bond market for US$500 million amid growth plans: sources
China Ruyi Holdings, a streaming media firm supported by Tencent Holdings, plans to raise between US$300 million and US$500 million in convertible bonds next week for a potential acquisition. The offering could be launched as early as Monday, with Bank of America, CLSA, Deutsche Bank, Goldman Sachs, and Macquarie working on the deal. Discussions around the acquisition are in early stages and may not be successful, according to sources familiar with the matter. Full Article
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