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

ADAC: Istria at the top of the wish list of German camping guests

first_imgAccording to a new announcement from ADAC, the largest German and European car club, Istria has been declared the most popular holiday region for German motorists in this time of crisis caused by the pandemic, who have been showing their commitment to it for 10 years! The recently announced results of the ADAC on route planning of their members bring great news – Istria is again at the top of the wish list of German guests, camping lovers!  During the corona crisis, most Germans put vacations on hold, so the number of route planning in the observed period is lower. Greater interest than last year was shown for the German regions, and the Italians were absent from the rankings this year. Among tourist destinations, Croatia positioned itself for the first time in second place, behind Germany, with a significant gap in relation to Italy, which came in second from fourth place, and Austria, which is now in fifth place.  Among the regions, interest in the Istrian peninsula was expressed through 11 percent of all inquiries, followed by Germany’s Upper Bavaria with 6,4 percent. That Istria is the most popular holiday destination for German campers was first announced by the ADAC in the 2010 results. From then until last year, for a whole decade, Istria remained the most popular region on the annual list of planned trips of ADAC members.  The survey included 85.000 inquiries, realized during the two pre-season months: Germany accounted for 37 percent of inquiries received for travel planning (last year 30 percent), while Croatia recorded 14 percent of inquiries (last year 9 percent, in third place). The highest category ADAC Superplatz for 2020. Aminess Sirena and Aminess Maravea Camping Resort in Novigrad, Val Saline and FKK-Camping Valalta in Rovinj, Lanterna Premium Camping Resort near Tara and Istra Premium Camping Resort in Funtana, which also won a special award for innovation and development – ADAC Innovation & Progress Award 2020. In the article entitled “Vacation by car: the most popular destinations despite the crown”On July 6, 2020, the ADAC announced the results of the most sought-after travel routes of its members in the period before the main season. According to inquiries from members of the largest German car club realized during May and June, two crisis pandemic months, Istria has taken a firm position at the top of the list of most popular destinations-regions to which German guests want to travel.  ADAC is the largest German and European car club with more than 18 million members whose camping guide is the most important source of information.German guests. In the edition of the popular “camping bible” for 2020, Croatian camps recorded the highest growth in quality in Europe, among which Istrians have the highest average rating of 4,1 (the highest is 5). Since the beginning of July, Croatia has been visited by 107.000 Germans who spent 807.000 nights, which is 90 percent of the results of overnight stays in the same period last year. ADAC: Holidays with the car: The most popular herbs – Trotz Coronalast_img read more