Chinese firms flood into U.S. IPOs despite delisting threat

Christel Deskins

By Scott Murdoch, Kane Wu and Julie Zhu

HONG KONG (Reuters) – The U.S. government is threatening to delist Chinese companies that do not meet U.S. accounting standards, but mainland firms are rushing to offer their shares on New York exchanges, sometimes in blockbuster deals.

Despite the threat and rising U.S.-China tensions, the allure of a valuation on the world’s deepest stock market makes the risk of eventual delisting manageable, while financial-technology companies find the regulatory burden of a U.S. listing lighter than that in mainland China or Hong Kong, companies, advisers and investors say.

“In the immediate term, I don’t see this impacting views of the U.S. markets as a strong choice of listing venue,” said Jason Brown, a Hong Kong partner at law firm Mayer Brown.

So far this year, Chinese companies have raised $5.23 billion in U.S. initial public offerings, more than double the $2.46 billion for

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Trump’s threat to ban TikTok might be legal, but it’s super shady

Christel Deskins

The answer to that question is a resounding, “well, it’s complicated.” But before we jump into that legal briar patch, let’s take a quick look at the company that has so effectively managed to raise the president’s ire. If you don’t know what TikTok is, go ask literally anybody under the age of 30. The short-form, video-based website is a social media juggernaut. It pales against Facebook or Twitter in terms of monthly active users but TikTok still commands an estimated 70 million users in the US (and around 800 million worldwide). It’s owned by ByteDance, a Beijing-based company founded in 2012. 

TikTok was launched internationally in 2017, a year after the Chinese-market version (dubbed Douyin) went live, though the app didn’t make it state-side until after ByteDance merged with Musical.ly in 2018. But when TikTok did hit, it hit hard, quickly becoming one of the most downloaded apps in

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TikTok lovers rage against Trump threat of US ban

Christel Deskins

A TikTok star pounds a beat as she weaves lyrics mocking the idea of US President Donald Trump banning the short-form video sharing app.

The “Trump Freestyle” post Monday by @maya2960 quickly racked up more than a million views and 500,000 “likes” on the popular platform owned by China-based ByteDance.

“Didn’t think this through, little Donny, did you? Not much of a businessman,” she rapped.

“You can ban this app, there’ll be a new one. There’s supply where there’s demand.”

The lyrics included a promise that TikTok users would not go down without a fight, citing First Amendment protections against government censorship of free speech.

Another video snippet racking up views was captioned “Me trying to convince Trump to let us keep TikTok” and showed a woman coloring her face orange and building a brick wall.

American comedian Elijah Daniels used Twitter to bid farewell to his TikTok followers, giving

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Coronavirus child care pinch in U.S. poses threat to economic gains of working women

Christel Deskins

By Jonnelle Marte and Rachel Dissell

CLEVELAND (Reuters) – Most days, Zora Pannell works from her dining room table, sitting in front of her computer, turning off the video on Zoom calls to nurse her one-year-old daughter, Savannah.

Pannell has balanced working from home and caring for her daughter and son Timothy, aged 2, since March when she started a new job as a manager for a language services company the same week that Ohio issued a “stay at home” order to stop the spread of the coronavirus.

Working from home is an exhausting daily juggle but she’s more worried about being told it’s time to return to the office. Her husband cannot watch the children during the day because he has a job at a local steel mill and the couple have been unable to find a daycare center they deemed safe and affordable close to their Shaker Heights

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In Kashmir, military lockdown and pandemic combined are one giant deadly threat

Christel Deskins

<span class="caption">Kashmiri commuters at an Indian military checkpoint in the city of Srinagar, July 17, 2020. </span> <span class="attribution"><a class="link rapid-noclick-resp" href="https://www.gettyimages.com/detail/news-photo/an-indian-paramilitary-trooper-speaks-with-commuters-after-news-photo/1227662789?adppopup=true" rel="nofollow noopener" target="_blank" data-ylk="slk:Tauseef Mustafa/AFP via Getty Images">Tauseef Mustafa/AFP via Getty Images</a></span>
Kashmiri commuters at an Indian military checkpoint in the city of Srinagar, July 17, 2020. Tauseef Mustafa/AFP via Getty Images

COVID-19 is taking a terrible toll worldwide. But in the Himalayan territory of Kashmir, it’s only the latest indignity in a 73-year cycle of oppression, militarization and scarcity.

At least, that’s what the minimal news from Kashmir indicates. The Indian part of Kashmir – which shares volatile borders with Pakistan and China – has been an information black hole since August 2019, when the government of Prime Minister Narendra Modi stripped the region of its autonomous status and split it in two territories to be directly governed by India.

To enforce this radical change, a military lockdown was imposed, which saw Indian soldiers using brutal and indiscriminate violence. As a result, Kashmiris had already been confined to their homes, fearful and isolated, for months before the coronavirus pandemic began ravaging

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Is ‘cancel culture’ really a threat to free speech?

Christel Deskins

“The 360” shows you diverse perspectives on the day’s top stories and debates.

What’s happening

The phrase “Twitter, do your thing” can set off a potentially powerful series of events in what has become a repeated online phenomenon: A person or brand does something considered offensive or problematic, a social media user posts about it and the incident snowballs across the internet, allowing countless people to put pressure on a person or organization until that entity is “canceled.”

The idea of “cancel culture” — first coined by Black Twitter users — dates back to 2015 and began as a means of calling out friends or acquaintances. Since then it has evolved to targeting the powerful, sometimes with highly effective results (for example, the #MeToo movement and #OscarsSoWhite campaign). Public shaming is in no way new, but the internet has made the process of “canceling” even more potent and widespread.

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