Bao Fan, China’s top tech dealmaker who has gone missing, is cooperating with Chinese authorities on an investigation, according to a statement by China Renaissance, the investment bank he founded. “The Board has become aware that Mr. Bao is currently cooperating in an investigation being carried out by certain authorities in the People’s Republic of China,” the company said in a statement...
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DoorDash Should Buy Instacart Now
Instacart’s stock price performance so far brings to mind a variation on the old line about love: Is it better to have gone public and lost, or never to have gone public at all? The shares fell 9% on Monday to $26.96, 10% below its IPO price, following our scoop that the Wall Street analysts at the banks underwriting the offering are projecting a severe slowdown in Instacart’s growth in the...
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