Blackstone stuck with IPO duds this year including Bumble, Oatly

Blackstone stuck with IPO duds this year including Bumble, Oatly

It has been a record-breaking year for IPOs, but it has also been a mixed bag — and billionaire Stephen Schwarzman’s Blackstone Group is among those investors who are picking through their duds. The private-equity giant has held a significant ownership stake in 10...
Chinese Autonomous Driving Startup Raises $157m From Hillhouse

Chinese Autonomous Driving Startup Raises $157m From Hillhouse

Haomo.AI, a Chinese autonomous driving startup controlled by Great Wall Motor’s Chairman Wei Jianjun, has raised nearly $157m in a funding round as investors increase bets on smart car technologies. Haomo will use the funds raised from investors – such as...