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BEIJING (Bloomberg): A bottled-water and vaccine tycoon has become China's wealthiest person in a day also marked by massive losses among the world's tech elite.
Reality finally set in for Rony Abovitz in May. The augmented reality headset that had been under development for nine years inside his company, Magic Leap Inc, had been a colossal flop.
SHANGHAI/HONG KONG: Investors in China are betting on a bumpy ride until the end of the U.S. presidential election and seeking to protect their assets from a long chill in China-U.S. ties.
Alibaba says its gaming division has been upgraded to an independent group to parallel the company’s entertainment division.
This follows early assessment of investor interest
JACK Ma’s Ant Group is seeking to raise at least $35 billion in its initial public offering after assessing early investor interest, people familiar with the matter said, putting the Chinese fintech giant on track for a record debut sale.
Ant Group gets the green light for mega IPO in Shanghai’s Star Market as China pulls out all stops to help tech champions raise funds
HONG KONG, Sept 20 (SCMP): Shanghai regulators are expediting Ant’s IPO hearing process to bring the fintech behemoth faster to marketAnt IPO may surpass Aramco’s US$29.4 billion IPO and become the world’s largest-ever fundraising
I confess that I have a box of face masks at my reception table where I keep my house and car keys. I will not leave my house without taking a face mask with me. On occasions when I forget, the backup supply found in my car and office bag does come in handy. I am not kiasu, I am kiasi
BEIJING: Bilateral trade between Malaysia and China recorded an increase despite the economic challenges brought by the Covid-19 pandemic.
HONG KONG (Reuters) - China's Ant Group has received approval from the Shanghai Stock Exchange for a domestic initial public offering, the bourse said on Friday, bringing the financial technology firm closer to a dual-listing expected to be worth up to US$30 billion.