Over the past 18 months Hong Kong has seen a flurry of Chinese tech firms hold initial public offerings in the city, part of a drive to list closer to home as relations between Beijing and Washington sour.īilibili's opening price fell just over 6 percent in early trade after the firm raised around $2.6 billion in a secondary listing on Hong Kong's bourse.The first toy car drove four laps simultaneously as the s Both cars started at the same time from one starting track. Last year Hong Kong raked in an impressive $49 billion in IPOs with hugely popular second listings by the likes of JD.com and NetEase. The Chinese tech homecomings have continued into 2021 but with less investor enthusiasm.Ī Hong Kong debut by Chinese search engine Baidu last week raised $3.1 billion through its IPO but its shares finished flat on the opening day and have since sunk some 15 percent. US-China tensions remain at the forefront of investor jitters. Last week American regulators announced plans to force Chinese firms to adhere more strictly to its auditing rules, sparking concerns over potential delistings in the US and a global sell-off in Chinese tech shares. It is a fast growing video streaming site with around 200 million mostly young Chinese users. Often dubbed "China's YouTube", it allows users to upload and share videos with voiceovers and music added and hosts a significant amount of user generated content.įounded in 2009 by a then 20-year-old college student Xu Yi, it began primarily as a place for fans of gaming and anime to gather and share content but has since spread among Gen Z Chinese users.īilibili chief executive Chen Rui played down short term market price drops, billing his company as a website primed to tap into China's nearly one billion internet users. "We wouldn't care too much about short-term performance in the stock market," the 43-year-old billionaire told Bloomberg Television in what the network said was his first interview with international media. "Nobody will remember whether your stock went up or down on the debut in 10 years' time."Ĭhen has been seen as the real driver of Bilibili's success in recent years, persuading Chinese tech rivals Tencent and Alibaba to come on board as early investors as well as Sony. Hk960m network chinese taptap bilibililiaotechcrunch driver# Videos "will be a major trend for the internet industry over the next three to five years," Chen told Bloomberg. "The market will be in ultra-high-speed growth for the next several years. Popular video platforms, like us, will all have great opportunities.Chinese hacking group APT31 uses mesh of home routers to disguise attacksĪ Chinese cyber-espionage group known as APT31 (or Zirconium) has been seen hijacking home routers to form a proxy mesh around its server infrastructure in order to relay and disguise the origins of their attacks. In a security alert published today, the French National Cybersecurity Agency, also known as ANSSI (Agence Nationale de la Sécurité des Systèmes d’Information), published a list of 161 IP addresses that have been hijacked by APT31 in recent attacks against French organizations. The agency said the APT31 attacks started at the beginning of 2021 and are still ongoing.įrench officials said that APT31’s proxy botnet was used to perform both reconnaissance operations against their targets, but also to carry out the attacks themselves. In a series of tweets today, Ben Koehl, a security researcher for the Microsoft Threat Intelligence Center, said APT31 was using this proxy network to make it appear that attacks are coming from the target organization’s national IP address space. One of the reasons for this tactic is that some organizations might be blocking incoming traffic from international IP addresses as a security measure.ĬERT-FR reports that #APT31 is using compromised routers to target French organisations: Hk960m network chinese taptap bilibililiaotechcrunch series# Hk960m network chinese taptap bilibililiaotechcrunch series#.Hk960m network chinese taptap bilibililiaotechcrunch driver#.
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