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KUALA LUMPUR: Malaysian state energy company Petronas said on Friday it will not participate in Saudi Aramco’s initial public offering, expected to be the world’s biggest share sale.
Time’s almost up for Uber Technologies Inc in London, with the city’s transit authority set to announce as soon as Monday whether it will grant the ride-hailing company a new license to operate.
HONG KONG: The founder of China food-delivery giant Meituan Dianping is having a very good year.
HONG KONG: Alibaba Group Holding Ltd is set to raise about HK$88bil (US$11.2bil) in its Hong Kong stock offering after telling investors it plans to price the shares at HK$176 each, people with knowledge of the matter said.
BANGALORE: The head of Prosus NV’s venture capital arm expects to make more investments in the food delivery space globally, building on the hefty stakes it already holds in leading startups in Brazil, India and Germany and its parent company’s bid for Britain’s Just Eat.
HONG KONG: Alibaba Group Holding Ltd. is set to raise about HK$88 billion ($11.2 billion) in its Hong Kong stock offering after telling investors it plans to price the shares at HK$176 each, people with knowledge of the matter said.
Airbnb became a leading partner of the Olympics in a nine-year deal announced Monday that drew strong criticism from Paris, host of the 2024 summer Games.
DUBAI: Saudi Arabia’s central bank doubled leverage limits for retail investors looking to buy shares in oil giant Saudi Aramco, according to people familiar with the matter, part of an effort to boost local demand for what could be the world’s largest initial public offering (IPO).
Reports: TikTok distances itself from China amid pressure from the US, while branching out to other markets
The app, valued at US$78bil late last year, continues to face scepticism from US lawmakers and officials. Amid mounting pressure from the US, short video app TikTok is reportedly taking steps to distance itself from China while branching out to other markets.
SHANGHAI: Chinese private firms are shunning the United States in their overseas expansion, and generally prefer a home listing to a U.S. initial public offering (IPO), a private survey showed on Tuesday, highlighting the trade war's impact on executive decision-making.