China’s Alibaba capped the price of the retail segment of its secondary share listing in Hong Kong at HK$188 per share, setting up what could be one of the largest public stock offerings in the world this year. The e-commerce giant is making 12.5 million shares available to individual investors, according to Bloomberg, which said the pricing would make the offering the most expensive share sale...
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TikTok’s Last Stand: Can an Army of Lobbyists Quell a Washington Uprising?
There’s perhaps no one in Washington who distrusts TikTok quite as much as Brendan Carr. Carr, a 44-year-old Donald Trump appointee to the Federal Communications Commission, has spent much of the last year going around cable news and elsewhere calling for the hugely popular short-video app to be restricted, if not banned, over its ties to Chinese parent company, ByteDance. TikTok is a...
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