Chinese EV Maker XPeng Plans to List in Hong Kong 

The rival to NIO is targeting a July debut and aims to raise up to $2 billion, a person familiar with the situation said.

Vizio Looks to Boost Software Business With IPO Cash 

Vizio Holding is ramping up investment in its software business amid growing consumer demand for streaming content

Apple's Fight for Control Over Apps Moves to Congress and EU 

The company is stepping up its fight to maintain tight controls over which apps can be installed onto customers' iPhones, as political pressure grows in Washington, D.C. and Brussels to upend those restrictions.

Jack Ma's Ant in Talks to Share Data Trove With State Firms 

Ant Group is in talks with Chinese state-owned enterprises to create a credit-scoring company that will put the fintech giant's proprietary consumer data under regulators' purview.

Amazon, Others Race to Buy Up Renewable Energy 

The race to secure electricity deals for power-hungry data centers has tech companies reshaping the renewable-energy market and grappling with a new challenge: how to ensure their investments actually reduce emissions.

Blue Owl, Newest Private-Equity Creation, Sees Wisdom in Simplicity 

The company gets all of its earnings from management fees, avoiding the less predictable performance-related income to which public investors typically assign a lower value.

Pernod Ricard Upgrades Profit Guidance 

Pernod Ricard has raised its guidance for organic growth in profit from recurring operations for fiscal 2021 to around 16%, from 10% previously, despite sales still being affected by some restrictions.

Berkeley Profits Climb, Plans Additional Return 

House builder Berkeley posted higher profits of GBP518 million for fiscal 2021, proposed an additional return of GBP228 million this year and reiterated its six-year profit target.

South Korea's Answer to Robinhood and Venmo Lands $7 Billion Valuation 

A South Korean company whose app lets users transfer money, take out loans, trade stocks and check their credit scores has raised funds at a valuation of more than $7 billion.

Companies Stress-Test Systems By Emulating Successful Cyberattacks 

Companies say they are investing in digital defenses to combat hackers, as lawmakers express concerns that the private sector is lagging behind on cybersecurity.


(END) Dow Jones Newswires

June 23, 2021 07:15 ET (11:15 GMT)

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