Chinese e-commerce company JD.com’s stock rose 3.5% on its first day of trading in Hong Kong. JD.com, which has been listed on Nasdaq since 2014, raised more than $3.8 billion in its Hong Kong IPO. JD.com’s secondary listing follows similar moves by other U.S.-listed Chinese tech giants. Earlier this month, shares of Nasdaq-listed online games company Netease jumped in its Hong Kong market...
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The Questions Around Snap’s TikTok Clone After Top Exec Resigns
After eight years at the company, Snap’s senior vice president of content and partnerships, Ben Schwerin, is departing to join Coatue Management as a general partner, my colleague Kate reported. Schwerin helped lead Snap’s Spotlight, the app’s TikTok clone launched at the end of 2020. His replacement will face the task of maintaining Spotlight’s growth as other rivals, such as Instagram’s...
Twitter’s Head of Revenue Strategy & Operations Departs
Meta Beginning Effort to Trim Managerial Ranks
Zoom Lays Off 15% of Staff, CEO and Execs to Take Pay Cut
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