U.S. regulators added Baidu to a list of New York-listed Chinese companies that face delisting risks for failing to meet new auditing requirements. Baidu, China’s biggest search provider that also operates many other internet services, is the latest addition to the lengthening list, which includes major social media firm Weibo and several biotechnology firms. Baidu’s Nasdaq-listed stock fell...
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Chinese Investment Giant Hillhouse Capital Seeks to Expand Outside China
Hillhouse Capital Group, the Chinese sprawling investment powerhouse that has drawn comparisons to Tiger Global Management, has a new challenge: growing outside China. The firm is best known for investments in Chinese tech giants such as Tencent, JD.com, Didi Global and TikTok owner ByteDance. But the devastation of China’s private equity and venture capital sectors, caused by...
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