TikTok Parent ByteDance in Talks to Raise $2 Billion Before Possible Hong Kong Listing: Report

first_imgIt could result in Beijing-based ByteDance eventually listing some of its biggest assets, such as Douyin, the Chinese version of TikTok, in Hong Kong.ByteDance is currently fighting to avoid US attempts to ban TikTok over national security concerns.Listing ByteDance assets could provide a major boost for Hong Kong’s market, which has been weighed down by the US-China trade war, the coronavirus pandemic and last year’s roiling pro-democracy protests.- Advertisement – Beijing is pushing its tech giants to list on Chinese exchanges.Hong Kong and Shanghai were set this week for the dual listing of Ant, the Alibaba-linked digital payments and finance provider, which would have been a world-record IPO.But it was pulled at the last minute amid an escalating dispute between Ant, whose controlling shareholder is billionaire Alibaba co-founder Jack Ma, and Chinese regulators. – Advertisement – Citing fears of systemic financial risks, Beijing has imposed new restrictions on fast-growing online lending and credit products, like those offered by Ant, in the run-up to the share issue.This was seen as potentially changing the business landscape for Ant, forcing the IPO to be shelved for now.The Trump administration has insisted on the need to ban TikTok, saying it has links to the Chinese government through ByteDance and that user data could be obtained by Beijing. The popular short-video platform has 100 million users in the US.TikTok has repeatedly denied the claim. ByteDance has avoided a ban in the country by setting up TikTok Global, which will run the short-video app’s US operations and be part-owned by Walmart and Oracle.Are iPhone 12 mini, HomePod mini the Perfect Apple Devices for India? We discussed this on Orbital, our weekly technology podcast, which you can subscribe to via Apple Podcasts, Google Podcasts, or RSS, download the episode, or just hit the play button below. ByteDance, the Chinese parent of viral video platform TikTok, is in talks to raise $2 billion (roughly Rs. 14,800 crores) from investors before a possible listing of some of its businesses in Hong Kong, according to a report.The plan could eventually value ByteDance at a massive $180 billion (roughly Rs. 13,31,300 crores), Bloomberg News reported late Thursday, citing people familiar with the talks.- Advertisement – – Advertisement –last_img read more

Ja Rule’s attempt to curse Kings goes about as well as Fyre Festival

first_imgJa Rule never really learned how to just take an “L” and keep moving.The 42-year-old rapper’s performance at the Timberwolves-Bucks game Saturday night didn’t go all that well. He appeared as part of “’90s night” at Fiserv Forum, joking that the Bucks brought out a 2000s rapper for some reason. He then tried to kick off his set by shouting “Are we ready?” before realizing the clear answer was “I guess not.” MORE: Why Josh Okogie is much more than a James Harden highlightThey did Ja Rule dirty during the Bucks halftime show 😂 pic.twitter.com/Rw7YOd2QT0— HIP HOP UPDATES (@RapAccess) February 24, 2019That gave the Timberwolves an easy alley-oop pass, and they finished off the dunk on Ja Rule with a reference to one of his old Fyre Festival tweets. Ja Rule was a co-founder of the infamous luxury music festival, which failed in spectacular fashion and spawned two documentaries about how the event unfolded and imploded.We too were hustled, scammed, bamboozled, hood winked, lead astray!!! pic.twitter.com/l9rhElC52d— Timberwolves (@Timberwolves) February 24, 2019And thus, the Ja Rule curse was born. You just jinx yourself talking to the GOD this way… your CURSED NOW!!! You won’t win a championship for the next 30 years… AND KAT IS LEAVING!!! Apologize and I’ll lift the CURSE!!! 😘 kiss of death… https://t.co/RzUn4vKx2Y— Ja Rule (@Ruleyork) February 24, 2019Fast forward to Monday’s game between the Timberwolves and Kings. Ja Rule’s curse got off to a rough start with Minnesota capturing a 112-105 victory. Sacramento’s social media team capitalized on the opportunity to blame Ja Rule for the loss.WHERE IS JA?! pic.twitter.com/27BTCbaecD— Sacramento Kings (@SacramentoKings) February 26, 2019Ja Rule tried to clap back, but he must have forgotten which team he was trying to curse because he told the Kings that Karl-Anthony Towns would eventually leave the franchise in free agency. Yeah… Towns doesn’t play for the Kings.Here comes the lob to the rim, and the slam! Hoop knowledge worse than Fyre Fest logistics. pic.twitter.com/BpQ9XOqgiu— Sacramento Kings (@SacramentoKings) February 26, 2019Oh, Kings point guard De’Aaron Fox just happened to be driving by…You need to curse Milwaukee 😂😂 “Are we reeeeaaaddddyyyy…I guess not” facea** https://t.co/AtGz85FSaU— De’Aaron Fox (@swipathefox) February 26, 2019After this Twitter debacle, Ja Rule clarified that both the Kings and Timberwolves are now cursed. Good to know.@SacramentoKings @Timberwolves you’ve both been hit with the CURSE no CHAMPIONSHIPS for y’all… 😭😂🤣 And @KarlTowns is gonna leave in free agency!!! 😘— Ja Rule (@Ruleyork) February 26, 2019Ja, buddy, just head to the bench for a little bit. Take a seat. This isn’t the game for you.last_img read more