Didi Ends Tumultuous Run as a New York-Listed Company
Didi Global Inc.’s DIDI -2.97% bumpy ride in the U.S. public markets is over—after 11 months. The ride-hailing company marked its last day as a New York Stock Exchange-traded company…
SoftBank Lost $13.2 Billion on Tech Investments Amid Selloff
TOKYO— SoftBank Group Corp. 9984 12.22% , one of the world’s most aggressive high-tech investors, said Thursday it lost more money in its last fiscal year than it ever has—$13.2…
SoftBank Loses $26 Billion on Tech Investments Amid Selloff
TOKYO— SoftBank Group Corp. on Thursday reported an enormous $26.2 billion loss on its big portfolio of technology companies in the first three months of the year, as the company…
Russia Sanctions Complicate Paying Ransomware Hackers
The nearly nonstop series of new U.S. sanctions being levied in a bid to halt Russia’s war machine have complicated events for companies facing their own external threat: ransomware attacks.…
Crypto Industry Can’t Hire Enough Lawyers
The cryptocurrency industry is ramping up efforts to recruit more legal talent as it faces increased regulatory pressure while looking to be accepted by and become part of mainstream finance.…
Alibaba to Buy Back Up to $25 Billion of Stock
Alibaba Group Holding Ltd. boosted its share buyback program to $25 billion from $15 billion, in a bid to reassure investors about the company’s prospects after a year in which…
Tencent Faces Possible Record Fine for Anti-Money-Laundering Violations
Financial regulators recently discovered that WeChat Pay had flouted China’s anti-money-laundering rules and had lapses in compliance with “know your customer” and “know your business” regulations, among other things, some…
Purdue’s Sacklers, States Reach Opioid Deal Valued at Up to $6 Billion
Members of the Sackler family who own Purdue Pharma LP and grew wealthy from sales of OxyContin agreed to pay up to $6 billion to settle lawsuits accusing them of…
Playtika Shares Rise More Than 10% After Company Says It’s Exploring Strategic Options, Including a Sale
Mobile-videogame company Playtika Holding Corp. said it is exploring strategic alternatives for its business, including a possible sale, amid a recent wave of industry consolidation. Shares of Playtika rose more…
Playtika Shares Rise More Than 10% After Company Says It’s Exploring Strategic Options, Including a Sale
Mobile-videogame company Playtika Holding Corp. said it is exploring strategic alternatives for its business, including a possible sale, amid a recent wave of industry consolidation. Shares of Playtika rose more…
