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 Weekend culture policy
Ban It, Divest It or Regulate It? Washington Looks for an Answer to TikTok
Hi, welcome to your Weekend!Interesting dinner table discussion this week: My 13-year-old daughter, hearing about Nancy Scola’s cover story on TikTok’s war in Washington, offered her prediction for what would happen if the U.S. took the drastic step of banning the app.“Every teenager in America would refuse to come out of their rooms,” she said. “They’d be so mad. They just wouldn’t go out...
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