Full Truck Alliance, the self-styled Uber for trucks in China, has filed to list shares on the New York Stock Exchange, where Reuters said it aims to raise $1.5 billion. The money-losing venture, which says it has nearly 3 million truckers who fulfilled orders on its logistics platform to match them with shippers, had revenue of $133 million through March this year, more than double what it...
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TikTok Shifts Into Damage Control Mode
TikTok and some companies that work with the popular app have shifted into damage control mode after a rancorous Congressional grilling of TikTok CEO Shou Zi Chew failed to allay lawmakers’ concerns that its Chinese parent, ByteDance, poses a national security risk. Golin, a major public relations firm that hires creators on behalf of brand clients, on Friday asked some clients to hold...
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