Exclusive: TikTok owner ByteDance considers listing China business in Hong Kong or Shanghai

2/2
© Reuters. The logo of Bytedance, which owns short video app TikTok, is seen at its office in Beijing

2/2

By Yingzhi Yang and Julie Zhu

BEIJING/HONG KONG (Reuters) – Chinese tech giant ByteDance is considering listing its domestic business in Hong Kong or Shanghai, people familiar with the matter told Reuters, against a backdrop of rising Sino-U.S. tensions over its hit non-China video app TikTok.

Of the two venues, the company prefers Hong Kong, according to two of the people. One of the two also said ByteDance is simultaneously studying the option to list its smaller, non-China business – which includes TikTok that is not available in China – in Europe or the United States.

The eight-year-old Beijing-based tech and media company had originally wanted to list as a combined entity, including TikTok and other operations, in New York or Hong Kong in a blockbuster deal. TikTok allows

Read More

Why you should factor in your real estate when you make all investment decisions

Article content continued

Your real estate

What you own, and how you own it, are also important considerations. For instance, the amount of debt against a property influences how you factor it in. A house or condo with no mortgage is more stable than one that has a large loan attached (as a percentage of the value). In the latter case, the home equity can double or disappear in a heartbeat.

How you categorize an income property depends on whether it produces a positive annual return (after expenses, depreciation, and taxes) or has only a modest (or negative) cash flow. The former can be slotted in with your stable income securities. The latter is a speculation on higher prices and belongs in your higher-risk bucket.

No hard-and-fast rules

A typical Canadian income portfolio that is heavily invested in utilities, banks, telecommunications and REITs is fuelled by the same forces as

Read More

Alphabet’s revenue falls for first time ever as ad sales suffer

Alphabet Inc.’s revenue fell for the first time ever as the coronavirus pandemic and ensuing economic fallout forced advertisers to pull back spending.

Ad sales, which make up the bulk of revenue at the Google parent, were $29.9 billion in the second quarter, down 8.1% from the same period last year. That’s the lowest they’ve been since the third quarter of 2018.

Still, overall revenue, which slipped 2%, was slightly higher than analysts had expected. YouTube, the fastest-growing part of Google’s advertising empire before the coronavirus set in, brought in $3.8 billion, 6% more than last year.

“We are cautiously encouraged by our results for the second quarter, although mindful of the fragile global economic environment,” Chief Financial Officer Ruth Porat said on a conference call. Ad sales improved near the end of the quarter.

Porat had tamped down expectations in April, warning the second quarter would be “difficult” for … Read More