Agora Fine-Tunes Its Business With Non-Core Asset Sale (API)
Agora agreed to sell the customer engagement cloud business of Easemob, which it acquired less than two years ago, to TI Cloud for about $14.6 million.
Source: seekingalpha.com
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Hong Kong reports its worst May in a decade for IPOs
Only one company sold shares for the first time in Hong Kong last month, with proceeds raised the lowest for initial public offerings (IPOs) in May in 10 years. A Chinese company that offers diagnostic services including COVID-19 tests was the only firm executing an IPO in the territory last month — Yunkang Group Ltd’s (雲康集團) deal raised US$139 million about two weeks ago. The amount is less than 10 percent of the proceeds garnered by companies in China and about 3 percent of the tally in India. The IPO market globally has been hurt by factors ranging from high volatility in
Source: taipeitimes.com