‘You Can’t Not Be There’: Why Wall Street Is Lending Billions to China’s Hottest Tech Unicorns

Wall Street banks are taking their unicorn playbooks to China. After arranging billions of dollars in loans for highly valued — and money-losing — U.S. startups like Uber Technologies Inc., banks including Morgan Stanley and Goldman Sachs Group Inc. are angling to do the same for some of China’s biggest unicorns. They helped Bytedance Ltd., […]