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KUALA LUMPUR: Malaysia’s sovereign wealth fund Khazanah Nasional Bhd. plans to increase its exposure to developed markets as the impact of the pandemic has pressured valuations.
The target valuation is over US$200bil
HONG KONG: Ant Group, the fintech arm of Chinese e-commerce giant Alibaba, plans a Hong Kong float as soon as this year and targets a valuation of more than US$200 billion, said two sources with knowledge of the matter.
RIDE-hailing giant Didi Chuxing is testing China’s digital cash as a payment method on its platform, in what could be one of the first real-world applications of the electronic version of the yuan.
HONG KONG: China’s tycoons are flooding Hong Kong’s exchange with a $20 billion worth of new listings.
TENCENT Holdings Ltd.’s shares just hit three milestones in a single day.
BEIJING/HONG KONG: Beijing-based ByteDance, the privately owned operator of short video app TikTok, booked around 40 billion yuan ($5.64 billion) in revenue for the January-March quarter, said two people with knowledge of the matter.
TOKYO: Proxy adviser Glass Lewis has urged SoftBank Group Corp shareholders to vote against the nomination to the board of a new outside director, in a sign of dissent with chief executive Masayoshi Son’s proposed corporate governance changes.
HONG KONG: China’s No. 2 online retailer JD.com Inc is poised to raise HK$30.1bil (US$3.9bil) in its Hong Kong share sale, people familiar with the matter said, putting it on track to complete the world’s second-biggest listing this year.