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SINGAPORE: Singapore state investor Temasek Holdings said on Tuesday that the global economic outlook remained volatile, with the coronavirus crisis and geopolitical tensions creating significant uncertainties in the near term.
SINGAPORE: State-owned Temasek Holdings, one of the world’s biggest investors, has seen its net portfolio value fall 2.2% to S$306bil (US$224bil) in the year to March 2020, the first drop in four years.
This follows gains in companies such as Alibaba
TOKYO: Just when investors thought Masayoshi Son was reining in risk at SoftBank Group Corp, the Japanese billionaire’s foray into highly leveraged derivatives is giving them fresh reason to worry.
TOKYO: SoftBank Group Corp.’s bankers have received orders for all 1.3 trillion yen (US$12bil) of the domestic wireless unit’s stock they are selling and will probably place an over-allotment, according to people familiar with the matter.
China maintained its position as the world’s second-largest cloud services market amid record spending of US$4.3bil (RM17.91bil) in the second quarter.The market is being driven by government stimulus measures, investment by service providers, digital transformation projects and increased demand for online servicesSecond-quarter cloud spending in China accounted for 12.4 per cent of the US$34.6 billion total global investment during that period
Ele.me to give customers option to wait longer for food deliveries after backlash over risky conditions for riders
Many food delivery riders in China risk their lives to meet deadlines even under extreme weather conditions, according to a report that has gone viral. Ele.me says a new function will allow customers to indicate their willingness to wait up to 10 minutes more for deliveries, to reduce the rush for couriers.
The market is being driven by government stimulus measures, investment by service providers, digital transformation projects and increased demand for online services. Second-quarter cloud spending in China accounted for 12.4% of the US$34.6bil total global investment during that period.
ByteDance Ltd, the Chinese owner of video-sharing app TikTok, is planning to make Singapore its beachhead for the rest of Asia as part of its global expansion, according to people familiar with the matter.