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 Overlapping Galaxies of Delian Asparouhov
Delian Asparouhov, newly minted Founders Fund partner and co-founder of Varda Space Industries, is obsessed with speed. As a hobby, he’s getting his pilot’s license, hoping to eventually fly a fighter jet. On the ground, he prefers to listen to audiobooks at triple the normal tempo. And when he started Varda in late 2020, he set a moonshot goal: Launch one of its meter-wide...
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