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Revenue surges as his cargo airline business booms
SYDNEY: Australian buy-now-pay-later (BNPL) company Zip Co Ltd said it will buy New York rival QuadPay Inc in an all-share deal that values the target at US$269mil, joining a rush of Australian companies to tap the world’s largest consumer market
HONG KONG is finally set to see its first billion-dollar plus listing in more than six months.
NEW YORK: SoftBank Group Corp is exploring a sale of a minority stake in OSIsoft LLC that could be worth more than US$1.5bil, according to people familiar with the matter.
THE Shanghai Stock Exchange is considering the first overhaul of its benchmark index in three decades so that it better reflects China’s increasingly high-tech economy, according to people familiar with the matter.
MEITUAN Dianping’s shares soared after it reported a smaller than expected 13% slide in revenue that drove hopes the world’s largest meal delivery business is starting to recover as China emerges from Covid-19 lockdowns.
BEIJING: Beijing is accelerating its bid for global leadership in key technologies, planning to pump more than a trillion dollars into the economy through the rollout of everything from wireless networks to artificial intelligence.
Move may result in potential foreign direct investments into Malaysia
NEW YORK: The Senate overwhelmingly approved legislation that could lead to Chinese companies such as Alibaba Group Holding Ltd and Baidu Inc being barred from listing on US stock exchanges amid increasingly tense relations between the world’s two largest economies.
WASHINGTON: The Senate overwhelmingly approved legislation Wednesday that could lead to Chinese companies such as Alibaba Group Holding Ltd. and Baidu Inc. being barred from listing on U.S. stock exchanges amid increasingly tense relations between the world’s two largest economies.