JD Logistics Launches Up to $3.4 Billion Hong Kong IPO 

The logistics arm of JD.com is looking to raise as much as $3.4 billion through an initial public offering, in the latest Hong Kong listing linked to China's booming e-commerce market.

AT&T, Discovery in Talks to Combine Media Assets 

The deal would continue consolidation in a media business buffeted by cord-cutting and streaming.

Sanofi-GSK Covid-19 Vaccine Trial Passes Phase 2 

Sanofi said that the coronavirus vaccine it is developing with GlaxoSmithKline has achieved positive results in a Phase 2 trial, and that a global pivotal Phase 3 study is expected to start in the coming weeks.

Crown Resorts Rejects Blackstone Takeover Offer 

Australian casino operator Crown Resorts Ltd. rejected a takeover offer from U.S. private-equity firm Blackstone Group Inc., saying the proposal undervalued the company and presented too much regulatory uncertainty.

Gates Left Board Amid Probe Into Prior Relationship With Staffer 

Some Microsoft directors began an investigation in 2019 into a woman's allegations of a prior sexual relationship with Bill Gates; Mr. Gates's spokeswoman says his decision to leave the board in 2020 wasn't related to the matter.

J.Crew Is Naming Designer to Disrupt Brand 

Brendon Babenzien, veteran of streetwear pioneer, is being hired to push the limits of the preppy retailer's designs.

Indonesian Tech Startups Gojek, Tokopedia to Merge 

Southeast Asian startups Gojek and Tokopedia plan to combine to create a ride-hailing, delivery, payments and e-commerce giant in one of the world's fastest-growing consumer markets.

At Home Group's Biggest Shareholder to Oppose Deal 

CAS Investment Partners, which owns around 17% of the home-furnishings chain shares, said it plans to vote against a roughly $2.4 billion sale to private-equity firm Hellman & Friedman.

Bright Machines Nears SPAC Deal to Go Public 

The creator of a platform that uses artificial intelligence and robotics to automate tasks in electronics manufacturing, Bright Machines is close to a deal with SCVX.

Author Accuses Apple of Defamatory Statements 

The prominent advertising-technology engineer let go by Apple amid an uproar over sexist passages in his memoir fired back, calling the company's statements around his dismissal "defamatory and categorically false."


(END) Dow Jones Newswires

May 17, 2021 03:15 ET (07:15 GMT)

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