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

College football picks, predictions against spread for all 10 conference championship games

first_imgClemson wins 41-17 but FAILS TO COVER the spread.No. 2 Ohio State (-16) vs. No. 10 WisconsinThe Buckeyes can leave no doubt by completing a perfect season in the Big Ten — which would be the first since the conference went to a nine-game conference schedule. The Buckeyes broke open a 38-7 blowout against the Badgers on Oct. 26 in the second half. Look for a similar trend here.Ohio State wins 40-21 and COVERS the spread. Conference championship weekend is here, and the 10 matchups will not only close out the 2019 college football regular season, but also help determine the College Football Playoff and New Year’s Day 6 bowls.Plus, it’s just a weekend of great college football matchups, featuring ranked meetings between No. 1 LSU and No. 4 Georgia; No. 2 Ohio State and No. 10 Wisconsin; No. 3 Clemson and No. 22 Virginia; No. 5 Utah and No. 13 Oregon; No. 6 Oklahoma and No. 8 Baylor; and No. 16 Memphis and No. 21 Cincinnati. Get the latest NCAA odds & betting advice at Sports InsiderSporting News will pick all 10 conference championship games against the spread to close out what has been a great season. Here’s how we’ve done this season:Straight up: 217-49, .816 (18-1 last week)Against the spread: 148-118, .556 (11-8 last week)Upset picks: 3-16, .158 (1-0 last week)With that, Sporting News’ picks against the spread for every conference championship game (odds provided courtesy of Sports Insider as of noon ET on Monday, Dec. 2):No. 5 Utah (-6.5) vs. No. 13 OregonThe Pac-12 championship, played on Friday night, is must-watch material. The Utes can potentially punch their Playoff ticket with an impressive performance against the Ducks, and they have covered each of the last eight weeks since losing to USC. The Utes won a 32-25 thriller against Oregon last year, and this one could be similar. We just have a feeling Oregon can start the weekend off with some chaos.Oregon wins 34-33 in an UPSET.No. 6 Oklahoma (-8) vs. No. 8 BaylorStyle points count for both of these one-loss teams if Utah wins. This is a rematch of the classic these two played in Waco on Nov. 16, and it’s on the Bears to prove they are as comfortable as the Sooners on the big stage. Remember, Baylor at one point led the Sooner 28-3 before surrendering the biggest comeback in Oklahoma history. If Oklahoma looks the part, it finds a way to the Playoff as a result.Oklahoma wins 41-34 but FAILS TO COVER the spread.MORE: Week 15 Playoff pictureNo. 20 Appalachian State (-6.5) vs. LouisianaThis is a rematch of last year’s Sun Belt championship game, and the Mountaineers still have some New Year’s Day 6 bowl hope. Zac Thomas is coming off his best game of the season against Troy, and the App State quarterback keeps that rolling against Louisiana.Appalachian State wins 36-21 and COVERS the spread.Central Michigan (-7) vs. Miami (Ohio)The Chippewas are looking to complete a banner first season under Jim McElwain, and former Tennessee quarterback Quinten Dormady is heating up at the right time. Central Michigan averaged 47.3 points in its last three games. Miami lost its regular-season finale to Ball State.Central Michigan wins 38-28 and COVERS the spread.MORE: Week 15 bowl projectionsNo. 16 Memphis (-10) vs. No. 21 CincinnatiIt’s a déjà vu game for both teams, who met on Black Friday. The Bearcats committed three costly turnovers in that game, and Luke Fickell will throw new wrinkles at the Tigers’ offense. It will be a little tighter this time, but it comes with the same result.Memphis wins 34-27 but FAILS TO COVER the spread.UAB vs. FAU (-7)It’s a matchup of the last two Conference USA champions, and a great coaching matchup between Bill Clark and Lane Kiffin. The Owls have scored 34 points or more in every game of their five-game winning streak, and Kiffin wins a second conference title before looking at some job opportunities in the Power 5.FAU wins 37-27 and COVERS the spread.MORE: A guide to all 10 conference championship gamesNo. 19 Boise State (-13.5) vs. HawaiiThe Broncos won the Oct. 12 matchup 59-37, but they are 3-5 against the spread as a double-digit favorite this season. The Warriors closed the regular season on a four-game win streak and will hang around a little longer this time.Boise State wins 42-31 but FAILS TO COVER the spread.No. 1 LSU (-7.5) vs. No. 4 GeorgiaIf the Bulldogs win, then both teams might end up in the Playoff. It’s a strength-on-strength matchup where the nation’s second-best scoring offense (48.7) meets the second-best scoring defense (10.4). The Tigers, however, prove to be too much in the second half.LSU wins 34-26 and COVERS the spread.WEEK 15 RANKINGS: Sporting News | AP, CoachesNo. 3 Clemson (-29) vs. No. 22 VirginiaThe Tigers have won the last four ACC championship games by an average of 20.5 points per game, so why would this one be any different? The schools haven’t met since 2013, and Virginia should play with confidence after beating rival Virginia Tech. That won’t be enough against a team that has allowed more than 14 points in just one game this season.last_img read more