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Ucommune, WeWork’s biggest rival in China, is seeking a $3 billion valuation for a New York listing this year, as China’s economic slowdown makes it harder for many startups to raise money.
Ucommune has hired investment banks Citigroup and JPMorgan Chase to work on an initial public offering in Nasdaq as early as the third quarter of this year, according to a person with direct ...
As U.S. companies grow more concerned about efforts by Chinese firms to obtain their intellectual property, all eyes are on Huawei Technologies, which the U.S. government recently accused of stealing trade secrets. New reporting by The Information sheds light on Huawei’s tactics, which often have been aimed at one of the company’s chief competitors, Apple.
Take Huawei’s ...
India’s Oyo Hotels and Homes, a $5 billion travel startup backed by SoftBank’s Vision Fund and Sequoia Capital, has started to expand into the U.S., The Information has learned. The company, which is one of India’s largest private tech companies, manages a network of budget hotels in India, Indonesia and China, and faces a significant test moving into the more mature U.S. ...
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