Newly public companies keep getting crushed on Wall Street despite a record year for IPOs in 2021. Read More
Tag: Didi Chuxing
Lina Khan targets low-hanging fruit for first big antitrust move
The new Federal Trade Commission chair picks a safe case for the start of her anti-merger efforts. Read More
China drops the hammer on the country’s booming tech industry
Chinese tech firms are being reminded who calls the shots. Read More
From billion-dollar Evaluation to Float: Chinese Technology unicorn now Could be worth just More than 1,000
Renrenche was among China’s hottest technology unicorns endorsed by investors such as Goldman Sachs Group Inc. and Tencent Holdings Ltd.. The automobile site could sell itself to get a bit more than 1,000. The Beijing-based startup–that had a pre-money evaluation of $1.4 billion at a funding round only a couple of decades ago–includes a preliminary […]