New York-listed Tencent Music Entertainment Group is pushing ahead with a Hong Kong listing plan and its shares could start trading in the market as soon as next week, Bloomberg reported. An increasing number of U.S.-listed Chinese tech companies have completed dual listings in Hong Kong in an effort to cope with risks stemming from political tensions between the U.S. and China. Tencent Music,...
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Musk’s Counterproductive Moves
What a time to be a tech business reporter! Even as Sam Bankman-Fried’s fraud trial gets underway, our scoop yesterday about AI startup Anthropic’s rising valuation suggests that the disgraced FTX founder may have scored at least one home run with his Anthropic investment. Yes, that’s right: The fast-evolving story about AI startups has converged with the SBF drama. The big question is how much...
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