Naver-owned online comics platform Webtoon raised $315M in its Nasdaq IPO at $21 per share, the top of its $18-$21 marketed range, valuing the company at $2.7B (Song Jung-a/Financial Times)

Song Jung-a / Financial Times:
Naver-owned online comics platform Webtoon raised $315M in its Nasdaq IPO at $21 per share, the top of its $18-$21 marketed range, valuing the company at $2.7B  —  Online comics platform prices IPO at top of range for $2.7bn valuation  —  Webtoon Entertainment, an online comics platform …

Advantest CEO Douglas Lefever, whose company has a 54% share of the chip testing equipment market, says China will remain an important market despite US curbs (Bloomberg)

Bloomberg:
Advantest CEO Douglas Lefever, whose company has a 54% share of the chip testing equipment market, says China will remain an important market despite US curbs  —  - AI needs complex, costly chipmaking that involves more tests  — Advantest focused on delivering solutions to China, CEO Says

BCG, McKinsey, KPMG, and other consultants see rising demand for AI advisory services; BCG earns 20% of its revenue from AI-related work vs. 0% two years ago (Tripp Mickle/New York Times)

Tripp Mickle / New York Times:
BCG, McKinsey, KPMG, and other consultants see rising demand for AI advisory services; BCG earns 20% of its revenue from AI-related work vs. 0% two years ago  —  Rattled by tech's latest trend, businesses have turned to advisers at Boston Consulting Group, McKinsey and KPMG for guidance on adopting generative artificial intelligence.

Sources: Meituan considers raising $1B+ via a bond offering this year as the food delivery and shopping platform seeks to repay some debt and fund its expansion (Bloomberg)

Bloomberg:
Sources: Meituan considers raising $1B+ via a bond offering this year as the food delivery and shopping platform seeks to repay some debt and fund its expansion  —  - Chinese online retailer is working with banks on a bond sale  — Proceeds to be used to repay some debt, fund overseas growth

In preliminary findings, the EU charges Microsoft with antitrust violations over concerns that it gave Teams an "undue advantage" by bundling it with Office (Javier Espinoza/Financial Times)

Javier Espinoza / Financial Times:
In preliminary findings, the EU charges Microsoft with antitrust violations over concerns that it gave Teams an “undue advantage” by bundling it with Office  —  Allegations that software giant is ‘tying’ its video app to Office are the first such case against it in more than a decade

Prosus, the largest external investor in Byju's with a 9.6% stake, says its stake in the Indian edtech giant is now worth zero; Prosus invested a total of $570M (Manish Singh/TechCrunch)

Manish Singh / TechCrunch:
Prosus, the largest external investor in Byju's with a 9.6% stake, says its stake in the Indian edtech giant is now worth zero; Prosus invested a total of $570M  —  One of Byju's largest investors, Prosus, on Monday said it believes its stake in the Indian edtech startup is now worth nothing …