Chinese ride-hailing giant Didi Chuxing is seeking to raise as much as $400 million for its logistics unit, which could value the unit at as much as $2 billion, Bloomberg reported. The unit, known as Didi Freight, is an Uber for trucks and comes as the coronavirus pandemic has accelerated Chinese consumers’ shift to e-commerce. Didi is going up against larger competitor Manbang, also known...
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The Weekend culture policy
Ban It, Divest It or Regulate It? Washington Looks for an Answer to TikTok
Hi, welcome to your Weekend!Interesting dinner table discussion this week: My 13-year-old daughter, hearing about Nancy Scola’s cover story on TikTok’s war in Washington, offered her prediction for what would happen if the U.S. took the drastic step of banning the app.“Every teenager in America would refuse to come out of their rooms,” she said. “They’d be so mad. They just wouldn’t go out...
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