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HONG KONG: China’s tycoons are flooding Hong Kong’s exchange with a $20 billion worth of new listings.
TENCENT Holdings Ltd.’s shares just hit three milestones in a single day.
BEIJING/HONG KONG: Beijing-based ByteDance, the privately owned operator of short video app TikTok, booked around 40 billion yuan ($5.64 billion) in revenue for the January-March quarter, said two people with knowledge of the matter.
TOKYO: Proxy adviser Glass Lewis has urged SoftBank Group Corp shareholders to vote against the nomination to the board of a new outside director, in a sign of dissent with chief executive Masayoshi Son’s proposed corporate governance changes.
HONG KONG: China’s No. 2 online retailer JD.com Inc is poised to raise HK$30.1bil (US$3.9bil) in its Hong Kong share sale, people familiar with the matter said, putting it on track to complete the world’s second-biggest listing this year.
Revenue surges as his cargo airline business booms
SYDNEY: Australian buy-now-pay-later (BNPL) company Zip Co Ltd said it will buy New York rival QuadPay Inc in an all-share deal that values the target at US$269mil, joining a rush of Australian companies to tap the world’s largest consumer market
HONG KONG is finally set to see its first billion-dollar plus listing in more than six months.
NEW YORK: SoftBank Group Corp is exploring a sale of a minority stake in OSIsoft LLC that could be worth more than US$1.5bil, according to people familiar with the matter.
THE Shanghai Stock Exchange is considering the first overhaul of its benchmark index in three decades so that it better reflects China’s increasingly high-tech economy, according to people familiar with the matter.