Chinese internet giant ByteDance, the owner of TikTok, plans to sell or shut down all of its securities businesses as China’s government tightens its control over online financial services, local news outlet Caixin reported. Such businesses are just a tiny part of ByteDance, which generates the bulk of its revenue from online advertising in China. But the company’s decision to withdraw from...
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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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