TikTok CEO Shou Chew said Wednesday that the company would go to court to try to remain online in the United States. In a video posted on the app, Chew denounced a potential ban signed into law by President Joe Biden. The law has a built-in delay of nine months, giving TikTok’s Beijing-based parent company, […]
Alibaba Group Holding Limited (NYSE:BABA) and its logistics subsidiary, Cainiao Smart Logistics Network Limited, announced the withdrawal of Cainiao’s initial public offering and listing application on the Hong Kong Stock Exchange. Concurrently, Alibaba Group has proposed an offer to Cainiao’s minority shareholders, including its employees, allowing them to sell their shares to Alibaba Group at $0.62 per […]