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JD Logistics, China’s answer to Amazon’s logistics ambitions, to raise $3.4B in IPO

After running at a loss for 14 years, JD.com’s logistics subsidiary is preparing yourself for a going public in Hong Kong. JD Logistics will price its share in between HK$ 39.36 and HK$ 43.36 each, which might see the company raise as much as about HK$ 26.4 billion or $3.4 billion, according to its brand-new …

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TikTok donates $3M to Arnold Schwarzenegger’s charity feeding kids affected by school closures

The social media giant TikTok said that it would donate $3 million to After-School All-Stars, a charity founded by actor and former California Governor Arnold Schwarzenegger, to feed families whose food security was affected by the close of public schools in response to the COVID-19 outbreak. TikTok said in a statement Thursday that families in …

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