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Tencent-backed live-streaming firm DouYu files for $500 million U.S. IPO

2 days ago DieselGasoil Comments Off on Tencent-backed live-streaming firm DouYu files for $500 million U.S. IPO
HONG KONG (Reuters) – China’s largest live-streaming platform DouYu International Holdings Limited, backed by social media and gaming giant Tencent Holdings Ltd, has filed for a U.S. initial public offering (IPO) of up to $500 million. DouYu, which primarily focuses on the live-streaming of games, is one of several Chinese start-ups in the growing market Read More

Starbucks’ China challenger Luckin to raise up to $800 million in U.S. IPO: sources

2 days ago DieselGasoil Comments Off on Starbucks’ China challenger Luckin to raise up to $800 million in U.S. IPO: sources
HONG KONG/BEIJING (Reuters) – Luckin Coffee Inc, the Chinese challenger to Starbucks Corp, filed on Monday for a U.S. initial public offering (IPO) through which, sources said, it is looking to raise up to $800 million. FILE PHOTO: The logo is seen next to a customer at a Luckin Coffee store in Beijing, China, February Read More

Amazon, facing entrenched rivals, says to shut China online store

7 days ago DieselGasoil Comments Off on Amazon, facing entrenched rivals, says to shut China online store
SAN FRANCISCO/BEIJING/HONG KONG (Reuters) – Amazon.com Inc said it will shut its China online store by July 18, as the U.S. e-commerce giant focuses on the lucrative businesses of selling overseas goods and cloud services in the world’s most populous nation. The move underscores how entrenched, home-grown e-commerce rivals have made it difficult for Amazon’s Read More

Exclusive: Foxconn chairman Gou aims to step down to pave way for younger talent

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TAIPEI (Reuters) – The chairman of Taiwan’s Foxconn, an assembler of Apple Inc’s iPhones, said on Monday he plans to step down in the coming months to pave the way for younger talent to move up the company’s ranks. FILE PHOTO: Terry Gou, founder and chairman of Foxconn, attends a forum on industrial internet at Read More

China’s JD.com boss criticizes ‘slackers’ as company makes cuts

1 week ago DieselGasoil Comments Off on China’s JD.com boss criticizes ‘slackers’ as company makes cuts
SHANGHAI (Reuters) – Richard Liu, the founder of Chinese e-commerce giant JD.com Inc, has weighed in on an ongoing debate about the Chinese tech industry’s grueling overtime work culture, lamenting that years of growth had increased the number of “slackers” in his firm who are not his “brothers.” FILE PHOTO: Richard Liu, CEO and founder Read More

China’s JD.com boss criticizes ‘slackers’ as company makes cuts

2 weeks ago DieselGasoil Comments Off on China’s JD.com boss criticizes ‘slackers’ as company makes cuts
SHANGHAI (Reuters) – Richard Liu, the founder of Chinese e-commerce giant JD.com Inc, has weighed in on an ongoing debate about the Chinese tech industry’s grueling overtime work culture, lamenting that years of growth had increased the number of “slackers” in his firm who are not his “brothers.” FILE PHOTO: Richard Liu, CEO and founder Read More

Inside SoftBank’s push to rule the road

2 weeks ago DieselGasoil Comments Off on Inside SoftBank’s push to rule the road
(Reuters) – SoftBank Group Corp leader Masayoshi Son has much bigger ambitions for transportation than simply seeing his investment in Uber Technologies Inc turn into more than $13 billion when the company goes public next month. FILE PHOTO: A journalist raises her hand to ask a question to Japan’s SoftBank Group Corp Chief Executive Masayoshi Read More