Fintech giant Ant Group, which operates China’s biggest digital payment service Alipay, said it has begun the discussions for a concurrent listing of its shares in Hong Kong and Shanghai, in what is expected to be one of the world’s biggest-ever initial public offerings. Ant, an affiliate of Chinese e-commerce company Alibaba, didn’t disclose the timetable or potential size of its listing in its...
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Sumo Logic Cuts Staff After Francisco Partners Takeover
Data analytics software company Sumo Logic made widespread layoffs this week, according to people familiar with the matter and an email to staff viewed by The Information, less than a month after private equity firm Francisco Partners bought the company for $1.7 billion. The exact size of the cuts couldn’t be learned. Chief Executive Joe Kim, who was named CEO three days after the...
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