China markets swoon – Former CS banker tackles addiction – D1 investment gears up hiring

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On the heels of fresh funding, unicorn Addepar is hiring globally

Addepar Chief Executive Officer Eric Poirier wears glasses and wears a suit.

Addepar, which provides wealth managers with software, is planning to hire 100 new roles outside of the US in areas including engineering, research, and customer service. Demand for the startup – which raised $US150 ($AU203) million in June – shows just how quickly the wealth-management business is growing. Get the full rundown here.

A former investment banker is opening a treatment center offering Wall Street workers mental-health services

Jaime Blaustein

Jaime Blaustein, a former investment-banking analyst at Credit Suisse, is in long-term recovery from substance abuse. After years of drug use and arrests – and several residential-treatment stays – Blaustein is focusing on helping others achieve recovery, too. Read more about his story.

As China expands its edutech crackdown, a Chinese education executive is losing billions

Larry Xiangdong Chen at GSX IPO

Larry Chen was once one of the world’s richest people, after founding online-tutoring company Gaotu Techedu Inc. But China’s corporate crackdown on education companies has decimated his fortune. Plus, as the crackdown expands, Cathie Wood’s Ark Invest is rapidly shedding Chinese stocks. Here’s what you need to know.

Chinese companies listed in the US must disclose the potential for government interference

Allison Herren

US-listed Chinese companies could be at risk of violating the law if they don’t disclose potential risks of Chinese government intervention, SEC Commissioner Allison Lee said. Lee’s comments come as scrutiny of Chinese IPOs builds in the US after some, including Didi, have plummeted.

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