By Tim Culpan
For the second straight quarter, Alibaba’s digital and media entertainment, and innovation initiatives grew at a slower pace than core commerce.
DBS now has the world’s largest API platform for banking.
The government’s pledge of capital for beleaguered state banks could make it easier for distressed funds to buy loans.
Reasons cited included that the topic “just hasn’t come up,” “board members are men,” and it wouldn’t be “well-received.”
Move over, Masayoshi Son. Pony Ma of Tencent Holdings Ltd. is emerging as the true Warren Buffett of Asia’s tech scene.
As Noble Group Ltd. sells once-core businesses to stave off creditors, it’s been running down stocks of grain, gas, power, oil and petroleum products. There’s one crucial commodity, though, that ran out long ago: trust. The trader has often been dinged for lack of transparency, and Monday’s announcement of the sale… Read more »
“We like to think of SoftBank as a tech-focused Berkshire Hathaway,” a Bernstein note says.
Four of the top five unicorns are Chinese, trailing Uber that still holds the crown at $68 billion.
Sea was founded by Forrest Li as an online gaming company in 2009 and originally named Garena.
A consortium including KKR, CPPIB, Abu Dhabi Investment Authority and Singapore’s GIC is planning an $11 billion buyout of Bharti Infratel Ltd. and its 42% affiliate Indus Towers.