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HONG KONG: Credit Suisse Group AG invested nearly US$100mil in Ant Group during its last funding round, according to people familiar with the matter,
SHANGHAI: China shares inched higher on Tuesday, supported by strong gains in healthcare stocks on rising hopes for a coronavirus vaccine, although profit-taking after the previous session's rally kept gains in check
HONG KONG (Bloomberg) -- Billionaire Jack Ma’s Ant Group is seeking a valuation north of US$200 billion as it goes public in Hong Kong and Shanghai, people familiar with the matter said, kicking off a landmark coming-out party for China’s leader in internet finance.
SINGAPORE: Clobbered by the crushing effects of the coronavirus pandemic, thousands of retailers from Bangkok to Singapore have rushed to set up online shops on big e-commerce platforms to stay afloat this year. Now entire shopping malls are going virtual for the first time.
Shares soar on buybacks, improving market conditions
SHANGHAI: Alibaba Group Holding Ltd co-founder Jack Ma has cut his stake in the company over the past year to 4.8% from 6.2%, cashing out around $8.2 billion at its current share price, the firm's annual filing released on Friday showed.
Despite the lacklustre market conditions of 2019, Khazanah Nasional Bhd recorded its highest profits ever of RM7.36bil compared to losses of RM6.27bil in 2018.
KUALA LUMPUR: Sovereign wealth fund Khazanah Nasional Bhd plans to increase its exposure to developed markets as the impact of the pandemic has pressured valuations