General Atlantic

TikTok owner ByteDance loses Coatue’s Laffont on board, welcomes French entrepreneur Niel

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TikTok owner ByteDance loses Coatue’s Laffont on board, welcomes French entrepreneur Niel

ByteDance, whose short video hit TikTok is under pressure to exit the US market, said Philippe Laffont, founder of New York-based Coatue Management, has exited the company’s board of directors, replaced by French businessman Xavier Niel. The Chinese company’s official website currently lists four other board members: CEO and chairman Liang Rubo, Susquehanna International Group … Read more

Exclusive | Shein’s London IPO plan in regulatory limbo as investors grow jittery, sources say

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Exclusive | Shein’s London IPO plan in regulatory limbo as investors grow jittery, sources say

The concerns of shareholders adds to the challenges Shein has faced while searching for a place to host its public debut. More troublesome for the online retailer is the regulatory vacuum it finds itself in owing to its Chinese origins and operations, said a person who is familiar with the procedures for companies to conduct … Read more