One of the reasons why China’s government suspended Ant Group’s initial public offering in November was that the company’s investors who stood to gain from its $37 billion IPO included those with ties to political families that represent a potential challenge to President Xi Jinping, the Wall Street Journal reported. For example, one of Ant’s shareholders is private equity firm Boyu Capital,...
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Salesforce’s Pretend Co-CEO Arrangement
Marc Benioff has redefined the term co-CEO. As The Information reported earlier today, Bret Taylor, newly named co-CEO of Salesforce, will continue reporting to Benioff, his fellow co-CEO. So instead of the term meaning two leaders on equal terms, it now just means two people who work with each other in a boss-subordinate relationship. At this rate, Salesforce could give the co-CEO label to its...
Grab to Launch Biggest Debut of Southeast Asian Company on Nasdaq
India’s Ride-Hailing App Ola Plans IPO in First Half of 2022
Apple Warns Suppliers of Slowing Demand for iPhones
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