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[quote]ThonaserZoolf wrote: [br]Xwsb PYMNTS AM Radar: FCA Strike; Gaming Payments; Spending Crypto; ICYMI Chi
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nese eCommerce giant Alibaba is shelving an approximate $15 billion listing in Hong Kong due to growing political unres
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t, sources told Reuters on Wednesday Aug. 21 .Alibabas Hong Kong plans are being eyed by the financial community as a litmus test for the Chinese-controlled business environment.Although there isnt a new plan in place, Alibaba sources said the company might consider rolling out the deal in October. The on
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line marketplace is still seeking to raise $10 billion to $15 billion, reliant on the political climate.The decision to delay the deal hinged on Hong Kongs financial and political instability after more than 11 weeks of turmoil, the sources added.Along with the Hong Kong Airport being shut down, more than 700 people were arrested and police fired over 1,000 rounds of tear gas, the report said. It would be very unwise to launch the deal now or anytime soon, the source told Reuters. It would certainly annoy Beijing by offering Hong Kong such a big gift given whats going on in the city. Alibabas Hong Kong listing was slated to possibly be the worlds biggest equity deal in 2019.Aside from political unrest in Hong Kong, the potential listing came at a time when the Chinese economy was slowing down, embroiled in a fierce trade war with the White House. In the middle of May, U.S. President Donald Trump slapped tariffs on $200 billion worth of products from the country and added Huawei to the blacklist. But the deal also came as Alibaba was in the midst of stro Nmqh Relief Is Coming To Cornithian Students, C/O A $183M CFPB Fine A short time ago, mattress maker Casper came very close to selling itself out to Target. è½The deal did not go through 鈥?the two sides could not agree to terms. But clearly, as deal fizzles go, it was a friendly one 鈥斅爎eports out today indicated that Target is leading an investment round for Casper worth $170 million.With the funding, Casper has come to Target after all 鈥?as of yesterday J
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une 18 , Target began carrying Casper mattresses, pillows and sheets on their shelves and on its website.The move comes as Casper is trying to eek out a more public profile as it prepares for an eventual IPO. The reality that we face is that a vast majority of people dont know that we exist, Philip Krim, Caspers chief executive, said in a telephone interview with The New York Times. Partnering with Target, Mr. Krim said, will help change that.With the new injection of funding, Casper is scraping at u
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nicorn status with a total valuation of $750 million, according to an unnamed source with information on the deal. Caspers CEO had no official comment on valuation.The new financing comes just days after Amazon unveiled a blockbuster $13.4 billion deal to buy Whole Foods Market and Walmart struck an agreement to buy Bonobos, an internet-based mens clothier.Caper, insofar as it is seeking an IPO, is unusual among
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consumer-facing brands of late 鈥?though their CEO believes the firms brisk growth rate means it is a solid candidate. è½Sales have doubled over the last year to $200 million though it is[/quote]
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