Month: July 2021
China’s Tutoring Assault Hits Investors
China ordered companies that offer tutoring on the school curriculum to go non-profit, potentially wiping out a big chunk of the billions that private equity and venture capital funds have staked on a…
China Signals End to $2 Trillion U.S. Stock Listing Juggernaut
or investors in companies that have yet to list, there’s growing uncertainty over when they may get their money back. Wall Street firms are bracing for lucrative underwriting fees to dry up, while…
Chinese regulator halts Huya-Douyu game-streaming merger
The State Administration for Market Regulation announced it had prohibited the merger of the Tencent-backed game streaming platforms Douyu and Huya on Saturday because the merger would eliminate competition. This is the first…
China Blocks Didi From App Stores Days After Mega U.S. IPO
China’s cyberspace regulator ordered app stores to remove Didi Chuxing, dealing a major blow to a ride-hailing giant that just days ago pulled off one of the largest U.S. initial public offerings of…