Business

Airbnb to increase IPO price: report

Home-sharing giant Airbnb, which is scheduled to go public this week, will significantly raise its IPO price, valuing the group at more than $40 billion, the Wall Street Journal reported Sunday.

Business

Cities press EU for tougher laws governing Airbnb rentals

An alliance of 22 European cities urged the EU on Thursday to enact tougher rules on Airbnb and other short-term holiday rental platforms, accusing them of driving up property prices and squeezing out locals.

Business

Deliveroo says losses grow, to exit Netherlands

Deliveroo, the international delivery food app, announced Wednesday a big increase in losses as investment costs ate into rising revenues, adding it planned to exit its struggling Netherlands market.

Business

Alibaba shares extend losses on US delisting fear

Chinese e-commerce giant Alibaba led technology stocks lower in Hong Kong on Monday after US authorities put it on a watchlist that could see it delisted in New York if it does not comply with disclosure orders.

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