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HONG KONG: Chinese smartphone maker Xiaomi Corp has lined up $548 million from seven cornerstone investors including U.S. chipmaker Qualcomm Inc for its Hong Kong IPO of up to $6.1 billion, according to a term sheet seen by Reuters.
HONG KONG: Chinese smartphone maker Xiaomi Corp is planning to raise up to $6.1 billion from a Hong Kong IPO launching this week, people with knowledge of the matter said, in what will be one of the biggest tech floats globally of recent years.
KUALA LUMPUR: The Employees Provident Fund (EPF) posted an 80.58% increase in the number of usage of its electronic service i-Akaun to 11.12 million in its first quarter (Q1 2018) from 6.16 million in the corresponding period last year.
NEW YORK: The world’s wealthiest family has just bestowed billionaire status on two of India’s most feted tech entrepreneurs.
BANGALORE: The board of Flipkart Online Services Pvt has approved an agreement to sell about 75% of the company to a Walmart Inc-led group for approximately US$15bil, according to people familiar with the matter, an enormous bet by the American retailer on international expansion.
HONG KONG: Ping An Healthcare and Technology Co Ltd shares opened up 4.6 percent on their market debut in Hong Kong on Friday, as investors jostled for a piece of the fast-growing business.
At least a dozen firms, many tied to the country’s internet-consumer economy, have been in talks about IPOs
BANGALORE: Walmart Inc looks likely to take the next round in the battle for India’s retail market over rival Amazon.com Inc.