On the day after the Dragon Boat Festival, Lashou Network submitted its IPO prospectus to the Lighthouse Country's Securities and Exchange Commission, planning to raise 100 million US Dollars.
Ah Li announced that Yitao Network would operate independently and added a price comparison search function. Unable to compete with FoxTao in the brand-specific flash sales sector, it pivoted to strengthening its utility features.
Shortly after, Lei Yijun announced the R&D progress of the Xiaomi Mobile Phone for the first time, stating that the first model would be released in August.
Far away in Hu City, after receiving one million US Dollars in funding from Jinsha Venture Capital, Zhang Xuhao rapidly expanded his team and extended his business from the Jiaoda campus to the surrounding areas.
