Chinese video app Bilibili said its listing status in Hong Kong will change to a primary listing from a secondary listing on Oct. 3. This change makes it easier for investors in mainland China to buy the company’s Hong Kong-listed shares. Bilibili’s move comes as Chinese internet stocks in Hong Kong have fallen sharply over the past year as investors became reluctant to bet on the sector amid...
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TikTok’s Last Stand: Can an Army of Lobbyists Quell a Washington Uprising?
There’s perhaps no one in Washington who distrusts TikTok quite as much as Brendan Carr. Carr, a 44-year-old Donald Trump appointee to the Federal Communications Commission, has spent much of the last year going around cable news and elsewhere calling for the hugely popular short-video app to be restricted, if not banned, over its ties to Chinese parent company, ByteDance. TikTok is a...
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