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How One Woman Turned a $40 Million Kuaishou Bet Into $12 Billion Bloomberg 2/9/2021 Zheping Huang, Coco Liu and Peter Elstrom (Bloomberg) In 2014, as their video app Kuaishou began to take off, Su Hua and his co-founders started looking for money to expand. They quickly got a proposal from Ruby Lu, a venture investor who had spotted them earlier as promising engineers and given them feedback on previous businesses. But Lu’s proposal was trumped by a larger venture firm with a much higher offer, according to people familiar with the matter. She refused to concede. Lu pitched Su and his team that she would give them more than money, offering her personal engagement and the support of her partners at DCM Ventures. She won, even with a lower offer. ....
Last Friday, Kuaishou Technology started trading in Hong Kong after the biggest initial share sale for an internet company since Uber Technologies Inc in 2019. ....
December 18th, 2020 The 12th annual China Business Network (CBN) Corporate Social Responsibility Ranking award ceremony was recently held in Shanghai. The ranking, hosted by China’s leading financial media outlet China Business Network (CBN), is designed to recognise innovative companies that prioritise efforts in social responsibility. In this year’s evaluation, Mintel won the “Social Responsible Enterprise Communication Brand Award” as a result of the commendable and inspiring actions of the Mintel employees, especially those centered around physical and mental wellbeing during the outbreak of the COVID-19 pandemic. Ruby Lu, Director of Human Resources, Mintel APAC, attended the event and accepted the award on behalf of the organisation: ....