Kuaishou Technology, the world’s second-largest short-video platform, plans to raise as much as US$5.4 billion in what could be Hong Kong’s biggest initial public offering since Alibaba’s US$13 billion secondary offering in 2019.
US$163 BILLION
Mainland China was the largest recipient of foreign direct investment in 2020, with its economy bringing in US$163 billion in inflows, the United Nations Conference on Trade and Development said in a report released this month.
£200 MILLION
The liquidators of Patisserie Valerie are suing Grant Thornton for £200 million after the British café chain collapsed following suspected fraud.
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