SoftBank's latest fund wheeze sets off new alarms
SoftBank’s core competence is in a specific sector, technology, and a specific category, late-stage venture capital. It needs to be crystal clear about why it would have an edge in the listed markets. The new offshoot would engage in financial engineering by wrapping listed investments in leveraged structures.
Fast-food companies in China step up 'contactless' pickup, delivery as coronavirus rages
McDonald's has implemented contactless pickup and de...
Activist Paul Singer builds close to $3 billion stake in SoftBank
Singer’s Elliott Management Corp also wants SoftBank to set up a special co...
China scrambles to keep cities in virus lockdown fed
Food stocks in supermarkets ran low shortly after Beijing imposed travel curbs and extended the Lunar New Year holiday to keep factories, offices and other businesses closed in a desperate attempt to prevent the virus from spreading. That also kept trucks off the road, disrupting supplies of food to markets, feed to farmers and poultry to slaughterhouses.
Masayoshi Son is no angel. He might want to give it a try
Masayoshi Son isn’t timid, to be sure. His reputation is built upon decades of courageous bets that netted him, his investors, and his founders billions of dollars. The most famous being Jack Ma and a little e-commerce company that became Alibaba Group Holding Ltd.
We over-invested in India, need to rightsize Blue Dart: DHL Express ecommerce solutions chief
"Why are companies like Amazon and Alibaba adding extra aircraft and flying everywhere, right? If there’s a decline in international trade, I think the traditional measurements such as those of GDP are not sufficient anymore," Ken Allen said.
Accor and Alibaba Group Enter into a Strategic Partnership
Accor said through the 'strategic collaboration' the chain plans to develop a series of digital applications and loyalty programs to improve the consumer and traveler experience over the next five years. The chain said the collaboration will leverage Alibaba’s 700 million consumers across its China retail marketplaces.
ByteDance, the world’s most valuable startup, weighs selling TikTok
A TikTok stake sale would likely push back any initial public offering for ByteDance. The company has considered an IPO in the US or Hong Kong as soon as next year, but still needs to beef up its international operations and hire a chief financial officer
Samsung rolls a $116-billion dice for chip supremacy
Enter Samsung Electronics, which is planning a decade-long, $116-billion push for their business. The South Korean company is investing heavily in the next step in miniaturising semiconductors, a process called extreme ultraviolet lithography (EUV).
Mukesh Ambani saw his wealth surge $18 billion this year
The surge in Ambani’s fortunes this year was fueled by a 40% jump in the shares of his conglomerate RIL.
China plans to launch its own digital currency
China's central bank - the People's Bank of China (PBC) - has stepped up efforts to roll out its Digital Currency Electronic Payment (DCEP) as it seeks to stay ahead of the competition among central banks around the world and help preserve financial sovereignty, state-run Global Times reported.
China’s startups on the ropes after virus freezes funding
A backlash against China’s tech champions in 2019 had begun damping a decade or more of go-go optimism and investment that fueled one of the fastest and largest creations of wealth the world has seen.
Market Movers: What changed for D-Street while you were sleeping
US stocks closed higher on Thursday as investors digested the latest jobs data.
Paytm in talks to raise another USD 1 billion funding: Sources
Paytm had earlier this week announced a USD 1 billion (around Rs 7,173 crore) fund raise led by US-based asset management firm T Rowe Price. Existing investors Alibaba, Softbank and Discovery Capital had also participated in the funding round.
Ant Financial to raise a $1 billion Startup Investment Fund
China’s largest internet finance operator is bankrolling expansions outside of China to arrest slowing growth at home, where it is also battling Tencent Holdings Ltd. for supremacy in mobile payments and finance.
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