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JD.com's Property and Industrial Units Seek About $1 Billion Each in Hong Kong IPOs
The Chinese e-commerce giant said it plans to spin off the two businesses through separate listings. Source link
Jack Ma Engineered Alibaba's Breakup From Overseas
The Chinese billionaire used his influence within Alibaba Group, the e-commerce empire he built, to orchestrate its breakup plans, people familiar with the matter said.
Meta to Let Users Opt Out of Some Targeted Ads, but Only in Europe
WSJ News Exclusive Business Facebook, Instagram parent hopes plans to alter a privacy approach that would limit the impact from EU orders Source link
Yellen to Say Bank Rules Might Have Become Too Loose
The Treasury secretary says in remarks prepared for a speech that efforts to protect financial stability are incomplete. Source link
Yellen to Say Bank Rules Might Have Become Too Loose
The Treasury secretary says in remarks prepared for a speech that efforts to protect financial stability are incomplete. Source link
Electronic Arts Says It Is Laying Off 6% of Workforce
The company is also reducing its office-space footprint to focus its spending on the best growth opportunities in the videogame industry. Source link
Disney Lays Off More Than 300 Streaming-Focused Employees in China
The entertainment company began this week to carry out the first wave of its plan to cut 7,000 jobs. Source link
For Alibaba, Six Is Bigger Than One—And a Smaller Target
There are good reasons to think that a split-up Alibaba would be more valuable. In this case, politics and profits are pointing in the same
EV Startup Lucid Cuts 18% of Workforce, Including Some Executives
The maker of high-end electric cars plans to lay off about 1,300 employees. Source link
Alibaba to Split Into Six Groups and Explore IPOs
The biggest structural overhaul in the Chinese tech company’s history comes a day after co-founder Jack Ma returned to mainland China. Source link