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

Processing ‘qurban’ meat before distribution is allowed: MUI

first_imgHe explained that the cattle meat was traditionally distributed immediately after the animal was slaughtered so that people in need could receive it as soon as possible. But given the current situation, he said processing the meat before distributing it was safer, especially for people affected by COVID-19.“Since it may be difficult for these people to cook it themselves, it is permissible to distribute the meat through cooked food or other processed foods,” he said.If there is an abundance of meat during Idul Adha, the meat can also be preserved and distributed at a later time as stipulated in MUI Fatwa No. 37/2019.The Religious Affairs Ministry recently banned the public celebration of Idul Adha in areas considered “unsafe from COVID-19” by their respective regional administrations. Indonesia’s second-largest Muslim group, Muhammadiyah, also encouraged Muslims to convert their qurban to sadaqah (alms) to help those who had been hit hard by the pandemic, or to do both if they could afford it, as Muhammadiyah acknowledged that the health crisis had caused social and economic problems that had forced many into poverty.Topics : The Indonesian Ulema Council (MUI) announced recently that processing qurban (sacrificial cattle) meat prior to distribution is allowed due to health concerns amid the COVID-19 pandemic.In a written statement received by The Jakarta Post on Wednesday, MUI fatwa commission secretary Asrorun Niam Sholeh said meat sacrificed on Idul Adha (Day of Sacrifice) could be processed into canned food, or cooked into rendang (slow-cooked meat in coconut milk and spices).last_img read more

IMCA crate engine track champions earn $39,500 in Chevrolet Performance bonuses

first_imgGRAND BLANC, Mich. – Bonuses totaling $39,500 have been paid by Chevrolet Perfor­mance to IMCA drivers winning 2016 track championships while competing exclusively with crate engines.One hundred and twenty-one different drivers in the IMCA Xtreme Motor Sports Modified, Karl Chevrolet Northern SportMod, Scoggin-Dickey Parts Center Southern SportMod and IMCA Sunoco Hobby Stock divisions won a total of 158 track titles with crate engines this season.Bonuses of $250 per track championship were mailed this month from the IMCA home office. This was the third season in the latest three-year bonus agreement with Chevrolet Performance, which has now awarded some $200,000 to eligible drivers over the course of the bonus program.“This has been a lucrative program for our members since its inception over a decade ago and we appreciate the support Chevrolet has shown IMCA racers during that time,” noted IMCA Marketing Director Kevin Yoder. “We’ll continue to structure this program to put cash in the pockets of IMCA drivers and recognize track championships.”The 52 crate-powered Modified drivers winning 66 track titles and $16,500 in bonuses were:$1,000 – Ricky Stephan.$750 – Cory Sample.$500 – Chaz Baca, Steven Bowers Jr., Jordan Grabouski, Michael Johnson, Tyler Limoges, Mitch Morris, Chris Nieman and Marlyn Seidler.$250 – Chris Abelson, Jacob Adler, Russell Allen, Drew Armstrong, Randy Brown, Tate Cole, Eric Dailey, Justin Elmer, Albert Gill, Kevin Green, Matt Guillaume, Travis Hagen, Clint Hatlestad, Jared Hoefelman, Jeff Hoegh, Billy Kendall, Shawn Kilgore, Eddie Kirchoff, Shawn LaRocque, Ronn Lauritzen, Red Monson, Nate Moore, Adam Morris, Travis Olheiser, Shawn Reed, Kyle Rohleder, Kody Scholpp, Dylan Sherfick, Mike Strobl, Regan Tafoya, Gary VanderMark, Rob VanMil, Josh Vogt, A.J. Ward, Tim Ward, Jeff Waterman, Mark Wauge, Johnny Whitman, Billy Wilker, Jason Wolla, Kyle Yeack and Chris Zogg.Forty-one Northern and Southern SportMod drivers earning track championships and shares of $13,250 in bonuses included:$750 – Nick Meyer, Tony Olson and Jesse Skalicky.$500 – Brian Cooper, Matt Looft, Clint Luellen, Kyle Prauner, Doug Smith and Tyler Soppe.$250 – Jason Andrews, Jordan Barkholtz, Chris Birmingham, Lance Borgman, Todd Boulware, Karl Brewer, Austin Charles, Todd Cooper, Brian Davidson, Chuck Delp, Rick Diaz, James Digiovanni, Junior Flores, Shawn Hand, Randy LeMieux Jr., Johnathon Logue, Cody Malcom, Chris McKellar, Ryan Moser, Adolfo Noriega, John Oliver Jr., Robby Rosselli, Jeff Schmuhl, Tom Schneider, Zach Schulz, David Siercks, Dalton Simonsen, Nick Spainhoward, Austin Svoboda, Kevin Tabor, Jeremy Van Ede and Nelson Vollbrecht.Shares of $9,750 in bonuses went to these 28 Hobby Stock drivers:$750 – Tim Church and Cory Probst.$500 – Shannon Anderson, Brady Bencken, Andrew Bertsch, Cody Nielsen, Phil Reid, Lukus Wassom and Jason Wilkinson.$250 – Dana Brandt, Andrew Burg, Nate DeSive, Dustin Griffiths, Benji Irvine, Jason Kohl, Corey Madden, Myles Michehl, TeJay Mielke, Rusty Montagne, Matt O’Hair, Jim Robinson, Leevi Runge, Aaron Shearn, Tony Slothower, Daniel Smith, Ryan Sutter, Mike Watkins and John Watson.last_img read more

Bennett happy with Tour time trial showing

first_imgIt’s the first Individual time trial of this year’s race.Tipperary’s Sam Bennett was the first man to take to the road.The Bora-Argon 18 rider is pleased with how he handled the challenges posed by the 37km course between Bourg-Saint-Andéol and La Caverne du Pont-d’Arc.last_img