Dida Chuxing, a Chinese ride hailing company that uses some social media elements in its offering, is seeking as much as $300 million in a fundraising round at an unknown valuation, and may go public, according to Bloomberg. The company, which is a smaller rival to China’s much higher-profile Didi Chuxing, is considering a listing in mainland China or Hong Kong, the article says. Dida has been...
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The Real CNN Drama is Cable News' Growing Irrelevance
To paraphrase Tolstoy, each unhappy TV channel is unhappy in its own way. And as illustrated by the leadup to the Wednesday exit of CNN’s CEO, Chris Licht, the cable news channel hasn’t been a happy place lately. That’s not likely to change now that Licht is gone. Beyond the gossipy drama behind his departure is the reality that CNN and its corporate parent, Warner Bros. Discovery, are both...
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