Meituan files for IPO in Hong Kong

Meituan files for IPO in Hong Kong

After months of speculation, Meituan, the largest service booking app in China, confirmed that it has filed for a public offering. The company’s IPO application was submitted to the Hong Kong stock exchange earlier today and is being sponsored by Goldman Sachs, Morgan...
Uber Acquires JUMP

Uber Acquires JUMP

Uber has acquired bike-sharing startup JUMP for an undisclosed amount of money. This comes shortly after TechCrunch reported that JUMP was in talks with Uber as well as with investors regarding a potential fundraising round involving Sequoia Capital’s Mike Moritz. At...
Sears Canada seeks reinvention as it falls to insolvency

Sears Canada seeks reinvention as it falls to insolvency

Insolvent Sears Canada Inc. has got court protection from its creditors in a last-ditch effort to slim down and shape up after years-long attempts to transform its business, leaving industry insiders now questioning the retailer’s long-term viability. The money-losing...