The Wall Street Journal: Startups backed by Alibaba, Tencent slash planned IPOs

Alibaba Group Holdings Ltd (NYSE: BABA)-backed Ant Group is under fresh regulatory scrutiny as China is now probing how the ace entrepreneur Jack Ma won quick approvals for the stock’s initial public offering last year, The Wall Street Journal read more.....»»

The U.S. government.....»»

Tencent Music Entertainment Group, China’s largest music-streaming company, is preparing what would be one of the biggest technology IPOs ever following the successful debut of its European counterpart, Spotify Technology SA......»»

The government, backed by the populist 5 Star Movement and anti-immigrant League parties, targeted a budget deficit of 2.4% of gross domestic product for next year, triple what the previous government had planned......»»

Ford Motor Co. has informed its global salaried workforce of a planned reorganization that will cut jobs, part of Chief Executive Jim Hackett’s broader plan to squeeze costs and improve efficiencies at the struggling auto maker......»»

Ride-hailing rivals Uber Technologies and Lyft are gearing up to go public and are pursuing ways for their drivers to participate in the planned IPOs, The Wall Street Journal reported. read more.....»»

Oatly Group AB has formally filed paperwork Monday for an initial public offering in the U.S., nine months after private-equity giant Blackstone Group Inc. and a handful high-profile celebrities took a stake in the oat milk producer......»»

Sports-media outlet the Athletic is in merger talks with news startup Axios, according to people familiar with the matter, part of a plan to build a larger online-publishing company that could include going public through a blank-check firm......»»

China’s government wants Alibaba Group Holding Ltd. (NYSE: BABA) to sell its media assets due to concerns about the technology giant’s growing influence over public opinion in the country, the Wall Street Journal read more.....»»

An executive at Tencent Ho.....»»

Jack Ma, the billionaire founder of China’s Alibaba Group Holding Ltd. and controlling shareholder of financial affiliate Ant Group, made a public appearance on Wednesday, speaking by video at a philanthropic event......»»

Jack Ma, the co-founder of Alibaba Group Holding Ltd (NYSE: BABA), offered to give Beijing parts of his financial technology firm Ant Group in order to repair his relationship with the Chinese government, the Wall Street Journal read more.....»»

United Airlines Holdings Inc. expects to shrink its management and administrative ranks by at least 30% starting in October, according to a memo sent to employees Monday, as the coronavirus pandemic wreaks havoc on the airline industry......»»

The Members Exchange (MEMX), a new bourse backed by major Wall Street firms looking to take on the New York Stock Exchange and Nasdaq Inc through lower fees, said on Friday it delayed its planned launch date due to the coronavirus crisis......»»

The nation’s biggest car ins.....»»

SoftBank Group Corp is backing away from part of its planned bailout of WeWork, due to regulatory investigations of the office sharing company, the Wall Street Journal reported on Tuesday, citing people familiar with the matter......»»

SoftBank Group Corp. is backing away from part of its planned bailout of WeWork, people familiar with the matter said, privately citing several regulatory investigations of the office-sharing company......»»

In Beijing, the government declined to disclose details on the scale of the tariff reduction or of its purchases of U.S. farm products......»»

REUTERS/Mike Blake The Nasdaq exchange is positioned to raise more funds through initial public offerings than the New York Stock Exchange for the first time since it botched Facebook's debut in 2012, The Wall Street Journal reported Wednesday. Nasdaq-.....»»

Alibaba Group Holding Ltd. stopped collecting orders early for its roughly $13 billion Hong Kong stock sale due to strong investor demand for its shares, according to people familiar with the matter......»»