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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Why DOJ’s Damaging Evidence Against Google May Not Be Enough to Break Up the Company
Justice Department lawyers on Tuesday revealed embarrassing details about Google’s conduct in the online ad industry as part of a new antitrust lawsuit. Despite evidence and allegations that Google rigged advertising auctions and effectively stole money from website publishers that rely on the company’s advertising tools, the DOJ will have a hard time winning the case and breaking...
Intel Shares Plummet After Weak Earnings, Sales Forecast
SAP Lays Off 2.5% of Workforce, Eyes Sale of Qualtrics Stake
Comcast’s Peacock Loses Nearly $1 Billion in Q4
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