Japanese flea market app startup Mercari, which raised $1.2B in its IPO, closes up 77% in its debut on the Tokyo stock exchange, valuing it at as much as $7.4B (Sam Nussey/Reuters)

Sam Nussey / Reuters: Japanese flea market app startup Mercari, which raised $ 1.2B in its IPO, closes up 77% in its debut on the

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Paris-based Back Market, a marketplace for used and refurbished gadgets that operates in six countries including US, raises €41M Series B led by Groupe Arnault (Chris O’Brien/VentureBeat)

Chris O’Brien / VentureBeat: Paris-based Back Market, a marketplace for used and refurbished gadgets that operates in six countries including US, raises €41M Series B

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Didi Chuxing will launch its DiDi Express service on June 25 in Melbourne, its third international market; the business will be run by a Didi subsidiary (Jon Russell/TechCrunch)

Jon Russell / TechCrunch: Didi Chuxing will launch its DiDi Express service on June 25 in Melbourne, its third international market; the business will be

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ZTE shares slide as much as 41% in Hong Kong, wiping $3B off its market cap, after the company agreed to pay up to $1.4B in penalties to the US government (Anne Marie Roantree/Reuters)

Anne Marie Roantree / Reuters: ZTE shares slide as much as 41% in Hong Kong, wiping $ 3B off its market cap, after the company

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