Shares on China’s new market for technology companies soared Monday, with some stocks surging as much as five-fold, the Wall Street Journal reported. The Shanghai Stock Exchange’s Science and Technology Innovation Board, also known as the Star Market, is China’s latest attempt to build its own equivalent of Nasdaq. Chipmaker Anji Microelectronics, which rose five-fold, was the best performer...
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Stripe in Talks to Raise Up to $3 Billion From Current Investors
Less than a week after telling employees that it would evaluate a public offering over the next year, payments giant Stripe is moving quickly on a deal to raise as much as $3 billion from its existing investors. The talks, which have heated up in recent days, are likely to value the company at between $55 billion and $60 billion, according to one person involved in the potential deal....
SoftBank’s Ex-COO Claure to Join Shein as Head of Latin America
Biden Administration May Fully Cut Off Huawei From U.S. Suppliers
San Francisco Officials Urge Caution on Expanding Robotaxi Approvals for Waymo, Cruise
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