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ByteDance makes biggest public commitment yet to Tencent video game rivalry with launch of stand-alone site for Nuverse
The video game market has become hugely lucrative in recent years, with both Big Tech and high-powered start-ups aggressively building up their gaming units. Nuverse’s previous titles struggled to live up to expectations, but it is only a matter of time before it comes up with a hit game.
HONG KONG: A year anticipated to be full of headwinds for Hong Kong’s stock exchange turned euphoric instead. The challenge is now to add to the momentum.
TOKYO: SoftBank Group Corp plans to expand its investments in the biotech and health-care sector, opening up a new front in its growing asset management strategy, according to people familiar with the matter.
KUALA LUMPUR: AirAsia Group expects businessman and M&A specialist Stanley Choi Chiu Fai, who joined the low-cost carrier group as a strategic shareholder to add value to its digital business development in China.
Former Kuaishou executive arrested for alleged corruption amid anti-bribery pressure on China’s Big Tech
Zhao Danyang, a former vice-president at Kuaishou responsible for its content business, was arrested along with two subordinates. The video-sharing company joins other tech giants, including Tencent, with employees that have been investigated for corruption.
SINGAPORE, Feb 28 (Bloomberg): India’s Mukesh Ambani is back to being the wealthiest person in Asia.
Highlights of last week’s stories – Genting, AirAsia, telecommunications, AMMB
HONG KONG: One of the biggest-ever revamps for Hong Kong’s benchmark Hang Seng Index will benefit the likes of Alibaba Group Holding Ltd and Xiaomi Corp while some current heavyweights could face selling pressure, according to analysts and fund managers.