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MUMBAI: Indian energy tycoon Mukesh Ambani is no longer Asia’s richest man, relinquishing the title to Jack Ma after oil prices collapsed along with global stocks.
E-commerce aggregator platform iPrice Group has raised a US$10mil Series B investment, led by ACA Investments Pte Ltd, with participation by Daiwa PI Partners and returning investors LINE Ventures and Mirae Asset-Naver Asia Growth Fund.
RICE of gold surged to a seven-year high last week as investors sought a safe haven while volatility saw the S&P500 index close the week at up 20.7%.
HONG KONG: In coronavirus-hit China, demand for virtual office tools from Alibaba Group Holding Ltd and Tencent Holdings Ltd is surging as the world’s largest work-from-home experiment gets into full swing.
BEIJING: More than 300 Chinese companies are seeking bank loans totaling at least 57.4 billion yuan ($8.2 billion) to help to soften the impact of the coronavirus outbreak, two banking sources said.
LUXEMBOURG: Google’s decade-long antitrust fight with the European Union is set for more twists and turns this week as the internet giant battles the first in a trilogy of fines that cost the company nearly $9 billion.
AS EXPECTED, Donald Trump is still the president of the United States and this is what the markets were expecting as most of the members of the senate were republicans.
HONG KONG: Thanks to the coronavirus outbreak, working from home is no longer a privilege, it’s a necessity.
TOKYO: Japan’s effort to nudge its more than 100 struggling regional lenders into the digital age is floundering.