Karen joined Breakingviews in 2018, covering technology and property sectors, and sometimes companies with an Asia focus. She previously worked as an European gas and power reporter at S&P Global Platts in London, and covered funds, stocks and economy at Morningstar UK. Karen also briefly worked at the Press Association, China Daily Europe and Bloomberg. She graduated from the University of Sheffield in 2015 with a degree in Journalism Studies, and did an Erasmus exchange programme in Barcelona, Spain. Born and raised in Hong Kong, she is fluent in both Mandarin and Cantonese.
The Swedish fintech’s next funding round could value it at $30 bln, and it’s mulling a direct listing. Allowing early investors to cash out carries obvious appeal. The downside is there would be a daily commentary on Klarna’s regulatory risks and shortcomings relative to rivals.
The Oprah-backed oat milk maker can hit a $9 bln valuation in an IPO based on its faux meat rival’s multiple. That’s an almost fivefold increase from last year. Big partnerships help justify growth. But using one inflated stock to validate another is too much of a good thing.
Britain’s top court ruled that a group of Uber drivers are entitled to worker rights. Spain is also cracking down. It’s a stark contrast to America, where a California ballot win gave the sector hope. Tougher rules mean a longer path to profit – and higher prices for consumers.