What’s going on? China announced plans to separate Alipay (payment app with more than 1 bil users). What does this mean? Alipay is considered the go-to platform for everything, from ordering food to processing payment. Its profitable lending business helped issue 10% of all China’s non-mortgage loans in 2020. Meanwhile, the Chinese government has been looking to…
Tag: regulation
Ep 152: SoftBank’s sad quarter and the Chinese startup investment landscape
What’s going on? SoftBank (Japanese tech conglomerate) updated disappointing quarterly results, which was 40% lower yoy. What does this mean? This shrink is partially due to the large stakes of Chinese companies that Softbank owns. The Chinese government has taken severe measures against local firms with US-listed shares E.g: Didi’s share price have decreased by the same amount…
Ep 126: No more IPO
What’s going on? US regulators approved a ruling that will allow companies to raise money by listing directly on the NYSE. In a direct listing, a company floats its shares on an exchange without hiring IBs to underwrite the transaction as an IPO. In addition to saving on fees, companies that follow the direct listing…
Ep 89: Vingroup plans Thai bonds as funding options narrow
What’s going on here? Vingroup, Vietnam’s largest company, plans to issue this year its first baht-denominated bonds as the sprawling conglomerate (1) seeks to expand its loss-making car business and (2) has exhausted its funding options at home. What does this mean? Opportunities and risks from Baht’s appreciation The baht strengthened 8% against the U.S….
with HT 