The outlook for the public debut of WeWork is cooling after the disappointments of other major IPOs this year such as Lyft Inc and Uber Technologies Inc.
As ordinary investors grow wary of the retail sector, wealthy individuals are moving in.
Carrefour will retain a 20% stake and two seats out of seven on the China unit’s Supervisory Board, it says in a statement on Sunday.
The ride-hailing company is planning to start marketing shares to potential investors in a price range of about US$44 to US$50 each.
Samsung Electronics Co. and AXiomatic Gaming LLC are also expected to invest.
Fundraising was led by investors including Singapore sovereign wealth fund GIC and China International Capital Corp Ltd.
De facto Law Minister Liew Vui Keong says he has declared the number of properties he owns to MACC last October but has not updated their current value.
Founder Lei Jun describes Xiaomi as an innovation-driven internet company, yet that’s only accounted for an average 9.2% of total revenue in the past two quarters.
Uber has been seeking new avenues of growth, including food delivery services, even as it battles intense competition in its core business of ride-hailing.
The company’s management is anticipating that higher agricultural income in Thailand and a strategy to replace short-term debt with long-term loans will improve finances next year.
Lyft has hired Class V Group LLC to work with the management on the process and plans to begin taking pitches from banks starting as early as September, Bloomberg said, citing sources.
With a closing price of $207.39 on Thursday, Apple became the first publicly listed US company to ever reach $1 trillion in market capitalization.
The delay was triggered by a dispute between the company and regulators over the valuation of its China depositary receipts, casting doubt on Beijing's efforts to lure foreign-listed Chinese tech giants back home.
Chinese funds have slashed valuations of ZTE Corp after the United States banned American companies from selling components to the telecoms equipment maker for seven years, a move ZTE said threatened its very survival.