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Ant Group, the digital financial services arm of Alibaba, had a US$150bil valuation to top the rankings of this year’s Hurun Global Unicorn Index. The total value of all known unicorns in the world is US$1.9tril, equivalent to the GDP of Italy.
BERLIN: German chipmaker Infineon reported forecast-beating third-quarter revenue on Tuesday, sending its shares higher as CEO Reinhard Ploss said that the worst of the auto industry slump had passed.
BEIJING (China Daily/ANN): China urged some US politicians on Monday (Aug 3) to stop politicising economic issues and abusing the concept of national security after US Secretary of State Mike Pompeo said the United States plans to take broad action on Chinese software companies over national security risks.
BRUSSELS, Aug. 3 (Xinhua) -- The acquisition of a Chinese insurance company by Germany's ERGO Versicherung AG (ERGO) together with China's Shandong Hi-Speed Group Corporation (SDHS) was cleared at the European Union (EU) level on Monday.
KUALA LUMPUR: Former prime minister Datuk Seri Najib Razak returns to the courtroom for his 1Malaysia Development Bhd (1MBD) trial involving RM2.28bil just days after his conviction over corruption charges in the SRC International Sdn Bhd case.
KUALA LUMPUR: Cost and environmental concerns are among issues that must be resolved before the alignment of the East Coast Rail Link (ECRL) can be finalised, says Datuk Seri Dr Wee Ka Siong.
THE Defence Ministry (Mindef) is considering three options to resolve the delay in delivering the littoral combat ship (LCS) project, says its minister Datuk Seri Ismail Sabri Yaakob.
PETALING JAYA: Despite the challenging outlook, Sunway Real Estate Investment Trust (REIT) would maintain its income distribution payout of at least 90% for the financial year ending June 30,2021 (FY21).
PETALING JAYA: Damansara Realty Bhd (DBhd) has redesignated Azman Tambi Chik as its group managing director, effective Aug 1.