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Saudi Aramco to delay launch of IPO
LONDON: Saudi Aramco’s stop-start initial public offering was delayed again just days before a planned launch as doubts re-emerged about the $2 trillion valuation placed on the state oil giant by Crown Prince Mohammed bin Salman.
Aramco set to pay up to US$450m fees to IPO advisers
DUBAI: Advisers working on Saudi Aramco’s mammoth share sale may split a fee pool of as much as US$450 million, according to people with knowledge of the matter, making it one of the biggest IPO pay outs globally.
Investors shun China’s small banks
SHANGHAI: To see how little investors love China’s small banks, look no further than the nation’s largest online auction site.
Jack Ma retains top spot on Hurun rich list
The information technology sector is rapidly driving wealth accumulation among Chinese entrepreneurs, according to the Hurun China Rich List published on Thursday, while domestic consumption makes gains, experts said.
Amazon and Facebook face Thai tax crackdown in latest backlash
Thailand is considering forcing online giants such as Amazon.com Inc and Facebook Inc to collect value-added tax on e-commerce sales, echoing an Indonesian clampdown on transactions that skirt the levy.
Alibaba to stop sales of e-cigarette components in United States
(Reuters) - Chinese e-commerce firm Alibaba said on Wednesday it will stop selling e-cigarette components in the United States, amid growing regulatory scrutiny and reports of lung disease and some deaths linked to vaping.
SoftBank taking a hit, damage could exceed US$5bil
TOKYO: Masayoshi Son’s startups have had a rough few months, from a botched initial public offering (IPO) by WeWork to a sharp decline in shares of Uber Technologies Inc. Now analysts are beginning to calculate that the damage for Son’s SoftBank Group Corp will likely reach into the billions of dollars.
China signals will hit back over US tech blacklist
BEIJING: China signaled it would hit back after the Trump administration placed eight of the country’s technology giants on a blacklist over alleged human rights violations against Muslim minorities.
Amazon launches bigger local online store in Singapore
Amazon.com Inc has launched a bigger local store and marketplace in Singapore, expanding its product selection and intensifying competition with rivals such as Alibaba Group Holding Ltd's Lazada and Sea Ltd's Shopee.
China TV drops NBA exhibition games; league defends free speech
TOKYO/BEIJING (Reuters) - Chinese state television said on Tuesday it would not air NBA exhibition games played in the country this week, heaping pressure on the U.S. basketball league after a tweet by a Houston Rockets executive backing protests in Hong Kong.