News Snapshot:
(Bloomberg) -- Chinese fintech firm Bairong Inc. slumped on its debut in Hong Kong, the second listing in the financial hub this week to disappoint following a global selloff in China’s technology sector. Shares of the artificial intelligence-powered technology platform closed 16% lower on Wednesday, making it the worst debut among IPOs exceeding $500 million in Hong Kong in three years. The company had priced its shares at HK$31.80 each in the IPO offering, the high end of its indicated range. The fall comes after video streaming service Bilibili Inc. slipped on its debut on Monday while Baidu Inc. -...
