China’s central bank found violations of anti-money laundering rules during an inspection of Tencent’s hugely popular WeChat mobile payments platform, The Wall Street Journal reported. The report said the company could face a record fine for breaches of China’s know-your-customer and know-your-business regulations, as well as for allowing the laundering of gambling proceeds. China has been...
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The Briefing markets startups
Forget the IPO Window. Watch for More M&A
Here’s some food for thought about initial public offerings. Yesterday I asked Brex co-CEO Henrique Dubugras when he thought the IPO window would open. His fintech company, after all, is one of many that could be beating down that door. Having raised $1.5 billion in funding, Dubugras said the company has a plan to break even off its existing funding. When I ask the IPO question, I usually...
China’s Last-Mile-Delivery Giant Files for Hong Kong IPO
Judge Sides Against Google on Claims It Deleted Records
Google Strikes Deal With Replit in Challenge to Microsoft
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