China’s top internet regulator has suggested that ride-hailing giant Didi Global explore a listing in Hong Kong, the Wall Street Journal reported. The talks about a possible Hong Kong listing come as Didi, which went public in New York in late June, is undergoing a cybersecurity investigation led by the regulator, the Cyberspace Administration of China. Didi’s stock price plunged after the...
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What Sequoia Should Have Said
I remember my jaw dropping last year when The Information’s Juro Osawa reported that Sequoia China was in talks to raise more than $8 billion in new funding from U.S. investors and others.I was baffled. I just couldn’t imagine that Sequoia, which had picked a slew of winners in the U.S. and China ranging from Google to Meituan, was going to continue to draw such inflows from the U.S. to its...
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