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China’s Meituan plans to file for $6 billion IPO

Bloomberg China’s restaurant review and delivery giant Meituan Dianping plans to file for an initial public offering of about $6 billion in Hong Kong as soon as this month, according to people familiar with the matter, the city’s second multibillion-dollar public listing by a tech startup this year. The company is considering selling about 10 percent of the company, the ...

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Vietnam passes cyber law denounced in street protests

Bloomberg Vietnam’s National Assembly has passed a cybersecurity law requiring companies such as Alphabet Inc.’s Google and Facebook Inc. to store all data of Vietnam-based users in the country and open local offices. The measure has drawn rare dissent from some lawmakers and government leaders as well as local tech groups, who sent a petition to the legislature that warned ...

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Indian TV maker blames Modi, Brazil for bad debt pile

Bloomberg Who’s at fault for Videocon Industries Ltd.’s 39 billion rupees ($579 million) debt pile? The Indian maker of consumer appliances is casting the blame on Prime Minister Narendra Modi, the nation’s top court and the Brazilian government. A bankruptcy court admitted an insolvency petition filed by creditors, led by State Bank of India against Videocon, and ordered debt reorganisers ...

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