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

Aigbogun Picks Utin, 20 Others for World Cup in Poland

first_imgThe announcement by Aigbogun comes less than 24 hours before the team tackles Austrian club, Red Bull Salzburg in the Austrian city of Salzburg on Tuesday evening. The squad’s final pre-World Cup friendly will be against Red Bull Leipzig in Germany on Friday, with the delegation to fly out of Germany to Tychy on Sunday.The Flying Eagles, seven –time champions of the African continent, have finished as runners-up at the FIFA World Cup on two occasions – 1989 and 1995 – and took the bronze medals in the former Soviet Union 34 years ago.Nigeria’s last appearance at the FIFA U20 World Cup was in New Zealand four years ago, where Coach Manu Garba’s wards were eliminated in the Round of 16 by Germany in Christchurch.The Flying Eagles play Qatar, the United States of America and Ukraine in that order at the championship in Poland, with their first game against Qatar in Tychy on 24th May.Goalkeepers: Detan Ogundare (Kogi United); Olawale Oremade (Kwara United; Jonathan Zaccala (Triestina FC, Italy)Defenders: Valentine Ozornwafor (Enyimba FC); Aliu Salawudeen (Amuneke Academy); Igoh Ogbu (Rosenborg BK, Norway); Ikouwem Utin (Enyimba FC); Muhammad Rabiu (Plateau United); Jamil Muhammad (Kano Pillars)Midfielders: Nnamdi Ofoborh (AFC Bournemouth, England); Eletu Peter (Prince Kazeem FC); Ayotomiwa Dele-Bashiru (Manchester City, England); Kingsley Michael (AC Perugia, Italy); Effiom Maxwell (Enyimba FC); Aniekeme Okon (Akwa United); Collins Sor (Oasis FC)Forwards: Jerome Adams (Sogndal IL, Norway); Tijani Muhammed (FC Banik Ostrava, Czech Republic); Henry Offia (IK Sirius Uppsala, Sweden); Chinonso Emeka (Club Brookhouse, England); Success Makanjuola (Water FC)Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram Head Coach Paul Aigbogun has named Captain Ikouwem Utin, goalkeeper Olawale Oremade, midfielder Kingsley Michael and forward Henry Offia in his list of 21 players for this year’s FIFA U20 World Cup finals in Poland.Also included are defender Valentine Ozornwafor – named in the Team of the Tournament at the U20 AFCON finals in Niger Republic in February – and vivacious attacking midfielder Effiom Maxwell.Aigbogun spoke to the players over dinner at their Bad Goegging, Germany training camp on Monday where he unveiled the list.last_img read more