Lufax, a major Chinese online wealth management company, has filed to go public in the U.S., as the global stock market’s strength drives more startups to seek initial public offerings. According to the Shanghai-based company’s filing with the Securities and Exchange Commission, Lufax aims to list its shares on the New York Stock Exchange under the symbol “LU.” The company didn’t disclose the...
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Exclusive Autonomous Vehicles Asia
Didi Chuxing Aborted $1 Billion Acquisition of Aurora Amid Concerns of U.S. Officials
After defeating Uber in China’s brutal ride-hailing war in 2016, Didi Chuxing had an even more ambitious goal: Win the global race to develop robotaxis. A year later, Didi quietly struck a $1 billion deal to acquire Aurora Innovation, the high-profile self-driving-car firm led by Chris Urmson, a pioneer in the field who started Google’s autonomous car program, now called Waymo....
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More Than 100 Chinese Startups Withdraw IPOs From Domestic Stock Markets
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