$12 billion IPO wave sweeps across India as start-ups soar
BENGALURU (BLOOMBERG) – The market for initial public offerings in India is turning into a feeding frenzy. The amount of money raised in IPOs this year has reached US$8.8 billion […]
ByteDance lays off hundreds after China’s tutoring crackdown
HONG KONG (BLOOMBERG) – TikTok-owner ByteDance has laid off hundreds of employees as the social giant shuts down a significant part of its online education businesses to comply with Beijing’s […]
Envy nickel trading boss alarmed some banks in Singapore long before his arrest
SINGAPORE (BLOOMBERG) – The trader charged with orchestrating what police describe as one of Singapore’s biggest suspected investment frauds began setting off alarm bells at banks more than a year […]
Spac boom faces new threat in US with accounting crackdown
NEW YORK (BLOOMBERG) – US regulators are throwing another wrench into Wall Street’s Spac machine by cracking down on how accounting rules apply to a key element of blank-cheque companies. […]
China fintech giants scramble to rethink IPOs, raise capital
BEIJING (BLOOMBERG) – Jack Ma’s vision of the future of finance in China is being upended by regulators, along with the ambitions of conglomerates that followed his lead. Mr Ma’s […]