Tencent bids for China's Bitauto with JD support

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Source: Dukascopy Bank SA
Tencent Holdings and its PE partner Hammer Capital made a buy-out offer for the Chinese car website Bitauto Holdings worth $16 for a share, valuing the firm at less than $1.2B.
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Fri, 13 Sep 2019 16:48:22 GMT

Germany and France decide to block Facebook's Libra

Germany and France have agreed on Friday to block Facebook's cryptocurrency Libra, claiming the virtual currency must not be allowed to operate in Europe amid persistent financial risk and concerns persist about the sovereignty of nations.

Fri, 13 Sep 2019 15:08:27 GMT

WeWork reduces CEO's voting powers amid IPO

The We Company, the owner of WeWork, has diminished the voting power of its CEO and founder Adam Neumann amid changes in its corporate governance deemed to boost demand for its planned IPO.

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