Daojia Chases Unicorn Status on China’s Growing Thirst for Maids, Nannies

Provider of domestic workers to nation’s expanding middle class files for New York IPO with initial fundraising target of $100 million Key points: Domestic worker provider Daojia is unlikely to attain a market value of $1 billion in its upcoming IPO due to its relatively small size Company could become more attractive as it shifts from providing domestic workers to higher-margin training services By Doug Young Private education companies have been in a state of limbo for much of the last year, as China gets set to rein in the…

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21Vianet Moving to Margins of Data Center Universe?

Microsoft’s China cloud services partner reports slowest revenue growth in first quarter among the country’s three major independent data center operators Key takeaways: 21Vianet’s latest results show it’s the slowest-growing among China’s three major independent data center operators The company’s relative laggard status could weigh on its stock as it focuses on boosting capacity at current facilities rather than opening new ones By Doug Young The latest leg in the horse race between China’s three main independent data-center operators has just concluded, with 21Vianet Group Inc. (Nasdaq: VNET) becoming the…

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Shared Bike Specialist Hello Inc. Could Meet Skeptical Reception on Wall Street

Company backed by Alibaba’s Ant Group continued to post large losses last year as its revenue growth slowed sharply Key Takeaways: Hello Inc.’s relatively high costs and standalone nature of its shared-bike service could make it difficult for the company to become profitable Those factors mean Hello could be valued at a medium-to-large discount compared to domestic peer Meituan and U.S. giant Uber By Doug Young Hope certainly seems to spring eternal for some people, especially those in the shared economy business. That’s one of the biggest messages coming from…

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