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This follows early assessment of investor interest
HONG KONG: Hong Kong shares fell on Monday, dragged by financials after reports said HSBC and Standard Chartered were among banks moving allegedly illicit funds over the past two decades and as Sino-U.S. tensions hit index heavyweight Tencent.
JACK Ma’s Ant Group is seeking to raise at least $35 billion in its initial public offering after assessing early investor interest, people familiar with the matter said, putting the Chinese fintech giant on track for a record debut sale.
HONG KONG: China’s ByteDance Ltd is seeking a valuation of US$60bil for TikTok as Oracle Corp and Walmart Inc take stakes in the short-video app’s business to address US security concerns, according to a person familiar with the matter.
WASHINGTON/NEW YORK: U.S. President Donald Trump said on Saturday he supported a deal in principle that would allow TikTok to continue to operate in the United States, even as it appeared to conflict with his earlier order for China's ByteDance to divest the video app.
NEW YORK: Shares of Unity Software Inc soared in their debut on the New York Stock Exchange on Friday, giving the gaming platform a market value of around $18 billion and signaling sustained demand for new stocks.
HERMANTOWN, Minn.: Democratic presidential candidate Joe Biden said on Friday he sees Chinese-owned TikTok as a "matter of genuine concern" and promised to review security risks surrounding the video-sharing app if elected.
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