Friday, June 5, 2020

JD and Walmart-backed Dada Nexus, which operates on-demand delivery services in China, closed just below $16/share offer, after raising $320M in upsized US IPO (Bloomberg)

Bloomberg:
JD and Walmart-backed Dada Nexus, which operates on-demand delivery services in China, closed just below $16/share offer, after raising $320M in upsized US IPO  —  - Legend Biotech, Shift4, Dada Nexus all exceed earlier targets  — Listings come amid global IPO rush of more than $7.3 billion



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How Chinese tech companies navigate geopolitical tensions: TikTok and Manus adopted a "China shedding" strategy, while Shein and Meituan seek non-US growth (Meaghan Tobin/New York Times)

Meaghan Tobin / New York Times : How Chinese tech companies navigate geopolitical tensions: TikTok and Manus adopted a “China shedding” s...