Huitongda, an Alibaba-backed Chinese e-commece platform that focuses mainly on rural areas, has gained approval from Hong Kong’s stock exchange to go public there, the South China Morning Post reported. The startup aims to raise between $500 million to $1 billion in the listing. Huitongda’s market debut will be one of this year’s first major initial public offerings in Hong Kong. It will be a...
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Senators Target Google With New Bill to Break Its Grip on Murky Ad Tech Market
A bipartisan group of U.S. senators that has been trying to rein in Google and other big tech companies plans to introduce a bill that would regulate the shadowy world of online ads more like how the government regulates Wall Street. The draft bill, aiming to prevent potential conflicts of interest, would effectively force Google to sell or spin off major parts of its dominant advertising...
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