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Sources: Binance has been exploring ways to reboot its Binance.US affiliate, including a recapitalization to cut CZ's stake, which is a hurdle to expansion (Bloomberg)

Bloomberg : Sources: Binance has been exploring ways to reboot its Binance.US affiliate, including a recapitalization to cut CZ's sta...

26 June 2025

Chinese automaker Geely's ride-hailing arm CaoCao raised $236M in a Hong Kong IPO, listing 19% below its offer price; its market cap was $2.42B as of Wednesday (Kensaku Ihara/Nikkei Asia)

Kensaku Ihara / Nikkei Asia:
Chinese automaker Geely's ride-hailing arm CaoCao raised $236M in a Hong Kong IPO, listing 19% below its offer price; its market cap was $2.42B as of Wednesday  —  HONG KONG — Chinese ride-hailing service CaoCao listed on the Hong Kong Stock Exchange on Wednesday, raising 1.85 billion Hong Kong dollars …

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