Tag: Slashes
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TikTok courier slashes $1bn Hong Kong IPO target on weak investor demand
[ad_1] Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The $1bn initial public offering from a Chinese start-up that was set to be Hong Kong’s biggest listing this year has been halved, reflecting investors’ aversion to share offers in China after years of…
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Sanko slashes fleet in half
[ad_1] One of the most famous names in Japanese shipowning history has slashed its fleet in half. Sanko Steamship has sold the 11-year-old, Sasebo-built panamax bulker Sanko Fortune for $21m to undisclosed Greek interests leaving it with just one ship left, the 2021-built, 82,514 dwt Sanko Hawking bulk carrier. Sanko, founded in 1934, was the…
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Germany slashes digitisation budget by 99 percent
[ad_1] The German government has slashed the government budget for digitisation to three million, down from €377m last year. The coalition initially had pledged to “make life easier for citizens” and bring hundreds of government services online as part of the Online Access Act. “We are advancing comprehensive digitisation of the administration,” the coalition agreement…
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VC Firm Sequoia Capital Slashes Crypto Fund By 65% Amid Bear Market
[ad_1] Just over a year after launching its crypto fund, venture capital firm Sequoia is now rolling back its investments and taking more of a more careful approach. The firm was making some serious waves when it launched its crypto fund last year in February, signaling that crypto was ready for mainstream VC backing. But…