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Provided by Dow Jones By Jing Yang and Trefor Moss One of China's largest car makers, Zhejiang Geely Holding Group Co., is making plans to tap into the surging market for SPACs. The multinational company, which owns Geely Automobile Holdings Ltd., Volvo Car Group and several other electric-vehicle brands, is in talks to sponsor a special-purpose acquisition company that could raise $300 million in a Nasdaq initial public offering, according to people familiar with the matter. In addition, the Hangzhou-based group is considering taking one of its European e...

Provided by Dow Jones By Jing Yang and Trefor Moss One of China's largest car makers, Zhejiang Geely Holding Group Co., is making plans to tap into the surging market for SPACs. The multinational company, which owns Geely Automobile Holdings Ltd., Volvo Car Group and several other electric-vehicle brands, is in talks to sponsor a special-purpose acquisition company that could raise $300 million in a Nasdaq initial public offering, according to people familiar with the matter. In addition, the Hangzhou-based group is considering taking one of its European e...

Stay in the loop Sign up for our free email newsletter. Unsubscribe anytime or contact us for details. No loaf of bread has yet to eclipse Toronto's love for sourdough, but shokupan—Japan's pillowy and picturesque loaf of white bread—is emerging as a new contender.  Fluffier, moister and with a longer shelf life than other white breads, shokupan's rise in popularity here feels a little delayed. There are already a few documented examples of the obsession that's taken hold in some other North American food scenes. But in recent months, existing Toronto businesses like the T...

Provided by Dow Jones By Jing Yang China's government has asked Alibaba Group Holding Ltd. to dispose of its media assets, as officials grow more concerned about the technology giant's sway over public opinion in the country, according to people familiar with the matter. Discussions over the matter have been held since early this year, after Chinese regulators reviewed a list of media assets owned by the Hangzhou-headquartered company, whose mainstay business is online retail. Officials were appalled at how expansive Alibaba's media interests have become and ask...

Provided by Dow Jones By Stephanie Yang and Jing Yang Alibaba Group Holding Ltd. has set up a task force to review some of its businesses in response to an antitrust probe in China, its chief executive said Tuesday, as the threat of a regulatory overhaul looms over the Chinese e-commerce giant founded by Jack Ma. In an investor call after releasing quarterly results, Chief Executive Officer Daniel Zhang reiterated that Alibaba is cooperating with regulators. Striking a conciliatory tone, he emphasized Alibaba's important role in China's economy, saying the compa...