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...The group filed confidential paperwork for a US listing in November, but a person close to Shein said the company had heard little from the SEC since then....
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...Lawmakers say the app is a national security issue because its parent company, ByteDance, is based in China. Here to talk to me about it is the FT’s Ryan McMorrow. Hey, Ryan. Ryan McMorrowHi there....
...The people said ByteDance’s general counsel Erich Andersen, who also leads TikTok’s legal team and who would be responsible for steering the company’s legal strategy, would probably step down before any...
...“Now the most likely outcome is they will shut down the US, and all the American investors in ByteDance will bear the losses,” Li said....
...and which represents a significant chunk of Yass’s net worth, write the Financial Times’ Ryan McMorrow, Tabby Kinder, Demetri Sevastopulo and Alex Rogers....
...We need these raw accounts to collectively think about how best to empower mothers and caregivers at a wider societal level and it begins by how we define that literary genre....
...Chinese home prices continued to slide in January, with the sale prices of second-hand housing in the country’s major cities down 4.9 per cent from a year earlier....
...“China is pleased to see a confident, open, prosperous . . . United States. We hope that the US side can also view China’s development in a positive and proactive light,” the Chinese president said....
...The figure represented a 13 per cent year-on-year decline, and research group Counterpoint said iPhone sales in the first six weeks of this year were also down 24 per cent from a year earlier....
...Alibaba had once hoped to take Cainiao public at a $20bn valuation but struggled to find much interest amid a deep market downturn in Hong Kong....
...He’s wearing a black button down with the Baidu logo stamped on his shirt....
...China’s top dealmaker has stepped down from his official roles at the investment bank he founded more than a decade ago, his company announced on Friday, nearly a year after he was detained by Chinese authorities...
...Among the projects being scrapped are a highway in Yunnan province and a tunnel in Gansu....
...So it’s more than a little ironic that while the FTC is cracking down on non-competes and traditional tech acquisitions, it may have put itself in a bind when it comes to the latest trend of “acqui-hiring...
...Net income for the quarter fell 77 per cent to Rmb11bn, with the group saying the decline was mostly down to mark-to-market changes in the value of its investment portfolio....
...Analysts at Jefferies estimated that while overall tourist spending rose during the holiday this year, spending per tourist was down 9.5 per cent from 2019 levels....
...The move comes as the US Congress prepares for a Saturday vote on a bill to ban ByteDance-owned short video app TikTok if it is not divested to a non-Chinese owner....
...Ultimately, diplomacy is a long game: it is an investment in relationships with a view to exerting influence when it counts....
...The Shanghai-based company, valued at $20bn in the latest fundraising round three years ago, raked in $500mn in net profit last year on revenues of $3.7bn, write the Financial Times’ Eleanor Olcott and Ryan...
...A McKinsey China website that was shut down in 2019 said that about 10 per cent of its clients in the country were government agencies or non-profit groups....
...Net income dropped 77 per cent as Alibaba wrote down the value of some businesses and the market value of its investment portfolio sank....
...Financial Times’ Ryan McMorrow, Eleanor Olcott, Mercedes Ruehl and Ivan Levingston....
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