Zuoyebang, a Chinese online education startup backed by Alibaba and SoftBank, is hiring a chief financial officer as it prepares for an initial public offering, Bloomberg reported. Bing Jin, the CFO of Nasdaq-listed Chinese live-streaming company Joyy, is expected to join Zuoyebang after he steps down from his current role next month, according to Bloomberg. Beijing-based Zuoyebang, whose...
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The Electric: Western Auto and Battery Makers’ Big Gamble on Indonesian Nickel
For much of the last century, metals companies have made stainless steel from nickel mined in Russia or the Philippines and smelted at temperatures up to 2,900 degrees. But demand for nickel is outstripping supplies because the metal is a key component in most electric vehicle batteries. So metals producers have turned to a new supplier—Indonesia, which possesses vast reserves of a previously...
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