Three major New York-listed Chinese electric vehicle makers are planning secondary listings in Hong Kong as soon as this year to tap investors closer to home, Reuters reported. The combined proceeds of the Hong Kong listings of Nio, Xpeng and Li Auto, which all compete with Tesla in China, could reach $5 billion, according to Reuters. Their discussions come as the three companies’ stocks in...
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Stop Paying People So Much
Every startup leadership team wrestles with the trade-offs between growth and profitability. This is fitting and ever shall be. What teams don’t reflect on sufficiently is how a flawed compensation philosophy can make those trade-offs far more painful than they could be. As a former entrepreneur, I know that every venture relies on the exceptional efforts of supermotivated professionals,...
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