A Tencent-Backed Fashion App Is Seeking a $4 Billion US IPO

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A Tencent-Backed Fashion App Is Seeking a $4 Billion US IPO

Yet another Chinese technology company is headed for an initial public offering. Meilishuo, the online fashion retailer backed by Tencent Holdings Ltd., is in talks with several investment banks about a U.S. initial public offering that could value the startup at about $4 billion, according to people familiar
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IMF Says China's Complex Fiscal System Needs 'Crucial' Overhaul

China's sprawling local government financing system needs “crucial” reforms to increase consumption, build prosperity and encourage economic rebalancing, the International Monetary Fund said. Among the IMF's recommendations is to fund local governments by imposing recurring property taxes and
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I Watched as '60 Minutes' Said Allegiant Air May Be Dangerous. I'll Give the Airline a Miss

The famed CBS show skewers the budget airline, but the airline says it was old news. By Chris Matyszczyk. Chris Matyszczyk advises clients about advertising and marketing through his company Howard Raucous.
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Supreme Court considers whether states should have power to tax all online sales

An already-diminished perk of online shopping – avoiding the payment of sales tax – is in danger of extinction at the Supreme Court this week.
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Handcuffing of 2 black men in Starbucks in Philadelphia called 'reprehensible outcome' by CEO

Two black men were handcuffed and paraded out the door of a Philadelphia Starbucks for allegedly refusing to leave when asked by staffers and police in an incident captured in a video that went viral and prompted the chief executive officer of the …
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