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Naver Taps Goldman, Morgan Stanley for Webtoon Unit's US IPO

(Bloomberg) -- Naver Corp. has enlisted Goldman Sachs and Morgan Stanley to work on a US initial public offering for its online comics operator over the summer, accelerating the much-anticipated market debut of one of its fastest-growing businesses.Most Read from BloombergPutin Steps Into US Race to Back ‘Old-Style’ Biden Over TrumpJapan Loses Its Spot as World's Third-Largest Economy as It Slips Into RecessionHawaii Rightly Rejects Supreme Court’s Gun NonsenseDozens of...
United States South Korea Bloomberg Businessweek Robert Lea Los Angeles Jasmine Lyu
Source: yahoo.com

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China fires top official to stem games fallout, Reuters says | Zheping Huang & Jeanny Yu

Signs are growing that China is trying to contain the damage from harsh new gaming regulations that triggered an $80 billion rout in Tencent Holdings Ltd. and its peers. Feng Shixin lost his job as head of the publishing unit of the Publicity Department, which runs the country’s gaming regulator,…
Hong Kong Redmond Wong Steven Leung Robert Lea Feng Shixin Publicity Department

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