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Digital lending platform Blend valued at over $4B in its public debut

Mortgages may not be considered sexy, but they are a big business.
And if you’ve refinanced or purchased a home digitally lately, you may or may not have noticed the company powering the software behind it — but there’s a good chance that company is Blend.
Founded in 2012, the startup has steadily grown to be a leader in the mortgage tech industry. Blend’s white label technology powers mortgage applications on the site of banks including Wells Fargo and U.S. Bank, for example, with the goal of making the process faster, simpler and more transparent. 
The San Francisco-based …

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China Plans Security Checks for Tech Companies Listing Overseas

China moved on Saturday toward requiring domestic tech companies to submit to a cybersecurity checkup before they can go public on overseas stock exchanges, a step that would close the regulatory gap that allowed the ride-hailing giant Didi to list shares on Wall Street last week without getting a clean bill of digital health from Beijing.On July 2, two days after Didi’s shares began trading on the New York Stock Exchange, China’s internet regulator ordered the company to stop signing up users while officials conducted a security review, sending its share price tumbling.Chinese regulators have since ordered …

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The NYSE will delist three Chinese telecoms after all

The New York Stock Exchange announced this morning that it will be delisting three major Chinese telecom companies, a move that it first announced last week before seeming to reverse course on Monday.
This is all happening in response to the Trump Administration’s broader order barring U.S. investment in companies that support the Chinese military. (Trump has been trying to ban TikTok through a separate order.)
Why the double reversal? To be fair to the NYSE, in its first reversal, the exchange had only said it would allow the telecoms to continue trading while it evaluates whether the …

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New York Stock Exchange to Delist China Mobile, Among Others

The New York Stock Exchange said it would delist China’s three big state-run telecommunications companies following an executive order from the Trump administration, in a symbolic severing of longstanding ties between the Chinese business world and Wall Street.The exchange said in a statement late Thursday that it would halt trading in shares of China Mobile, China Unicom and China Telecom by Jan. 11. It cited an executive order issued in November by the Trump administration that barred Americans from investing in companies with ties to the Chinese military. The United States Department of Defense had previously listed the three …

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