Chinese crackdown on ByteDance IPO dreams amid data security scrutiny
ByteDance, the company behind social media giant TikTok, is shelving its plans for an IPO amid scrutiny in China. The Beijing-based social media giant, last valued at $180 billion in a funding round in December, had been weighing an initial public offering of all or some of its businesses in the US or Hong Kong.
Plus, we speak with Michele Schneider from Marketgage Group, who is following the controversy around the long-awaited IPO plans for Robinhood. We take a look at why Reddit has turned its back on the stock-trading app.
Finally, we breakdown Richard Branson’s successful launch of Virgin Galactic. We show you the amazing video and reveal which space company threw Branson a little shade. We are also joined by Hilary Fordwich of the British American Business Association to discuss the rise in trade between Britain and the EU. She tells us what this could mean in a post-Brexit world.
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