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November12
WeWork talks to T-Mobile boss over chief executive job
WeWork has held talks with T-Mobile USA boss John Legere to become its new chief executive, as the lossmaking office leasing company’s majority owner SoftBank attempts to stabilise the company and salvage its multibillion-dollar investment.
A new $400 million fund targets European tech to compete with Silicon Valley and China
Venture capital firm Balderton Capital has closed a new $400 million fund, which it says will be used to invest in early-stage European tech start-ups.
Alibaba aims to deliver with $16bn courier venture
After the first hour of its annual Singles’ Day shopping event on Monday, Alibaba had 184 million orders to ferry to shoppers. By the end of the day it had 1.292bn, nearly one for every person in China.
Banking Regulator Denies Sweeping Plan to Force Mergers
China’s banking regulator has denied it is considering a sweeping wave of mergers involving problematic small and midsize banks, saying it will not take a “one-size-fits-all” approach to tackling the risks facing the world’s biggest banking system.
Uber co-founder sells half a billion dollars in stock after lockup period ends
Uber co-founder and director Travis Kalanick sold more than half a billion dollars worth of stock last week after the company’s lockup period expired.
Walgreens Boots receives $70bn buyout proposal from KKR
Walgreens Boots Alliance, the $70bn drugstore chain, has received a buyout proposal from the private equity group KKR, a deal that would be the biggest private equity transaction on record.
October Credit Slump Underscores Weak Corporate Demand
Chinese corporations’ demand for credit has turned sluggish as the economy cools, dragging new credit growth to nearly a two-year low in October.
Blackstone buys Bumble and Badoo dating apps
Blackstone has agreed to buy a majority stake in the owner of Bumble, in a deal that values the dating app at about $3bn and highlights the private equity group’s push into tech start-ups.
Two More Chinese Companies Settle for Less in U.S. IPOs
Two Chinese companies making initial public offerings (IPOs) on the Nasdaq raised significantly less than they had hoped, the latest in a string of Chinese listings to lower their targets amid cooling investor sentiment.
Hong Kong stocks slump as protests, transport chaos rock city
Stocks in Hong Kong suffered their biggest one-day drop in more than three months on Monday as fresh protests saw a demonstrator shot by police and chaos across the city’s transport network.
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Making Hong Kong a tech hub would give boost to despairing youth

Creation of China's Silicon Valley requires cultural shift from financial focus

Jason Tu, Cofounder & CEO of MioTech

Making Hong Kong a tech hub would give boost to despairing youth

Jason Tu, Cofounder & CEO of MioTech

Creation of China's Silicon Valley requires cultural shift from financial focus

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