TikTok-owner ByteDance is in early talks to raise a new round of financing that will value it at $180 billion (138.14 billion pounds) after the investment, according to two people familiar with the matter.
Corporate China's star was just days away from seeing his Ant Group list on the stock market in a record $37 billion deal, when he chose to launch a blistering public attack on the country's financial system.
A U.S. judge said on Wednesday he was uncertain if he had a legal basis to bar the imposition of further restrictions on TikTok after a Pennsylvania judge had already blocked the government's plan on Friday.
China's move to suspend Ant Group's $37 billion listing is "necessary, reasonable and legal," given rising concerns over risks to financial stability, a Chinese newspaper cited an expert as saying on Wednesday.
E-commerce payments processor PayPal Holdings Inc beat Wall Street estimates for quarterly revenue and profit on Monday, driven by a surge in online spending from consumers staying at home due to the Covid-19 pandemic.
Canadian e-commerce company Shopify said on Tuesday it will partner with TikTok to help its one million-plus merchants more easily advertise their products on the video-sharing app, as it looks to grow its customer base.
Unilever, P&G and other major consumer goods manufacturers are touting lower-priced brands and discounts to woo penny-pinching shoppers struggling through the most severe global recession since the Great Depression.
The WhatsApp messaging app will start to offer in-app purchases and hosting services, as owner Facebook Inc moves to boost revenue from the app while knitting together e-commerce infrastructure across the company.
After criticism that coronavirus financial support was being withdrawn or reduced too soon, the UK's Chancellor of the Exchequer has unveiled additional support for jobs and businesses hit by the second Covid wave.