Business

Indian food delivery giant Zomato eyes $1.3bn IPO

Indian food delivery giant Zomato announced plans Thursday to raise 93.75 billion rupees ($1.3 billion) via an initial public offering, the latest firm to take advantage of a strong rally in local equities.

Business

Jack Ma living in Japan after China tech crackdown: FT

Alibaba founder Jack Ma has been living in Tokyo for almost six months after disappearing from public view following China's crackdown on the tech sector, the Financial Times reported Wednesday, citing multiple unnamed sources.

Business

Maker of China's TikTok denies report it is planning HK listing

Chinese internet start-up ByteDance, whose globally popular app TikTok has raised US security concerns, on Tuesday denied reports that it was considering an initial public offering in Hong Kong in the first quarter of next ...

Business

UK food giant Deliveroo set for £7.6bn London IPO

Britain's app-driven food delivery firm Deliveroo is set for London's largest stock market launch in a decade with a valuation of £7.6 billion, despite mounting criticism over its treatment of riders.

Business

Asian ride-hailing giant Grab plans US market splash

The Asian ride-hailing firm Grab said Tuesday that it plans a US listing in partnership with Altimeter Growth Corporation in an operation that values Grab at $39.6 billion (33.3 billion euros).

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