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22 Feb A Bathing Ape’s main shareholder CVC Capital closes its 6th and largest Asia fund, shrugging off global economic woes

Posted at 12:45h in Asia

Private equity firm CVC Capital Partners said it has closed its sixth and largest Asia fund to date, shrugging off a challenging geopolitical and macroeconomic environment that has put a dent in fundraising and led many global fund managers to cut their exposure to the...

22 Feb Hong Kong developers Sino Land, Hysan expect last year’s ‘uncertainties’ to loom over city’s property sector this year as well

Posted at 12:35h in Asia

Sino Land said that its profit in the July-to-December period last year – the first six months of its financial year – rose 6.5 per cent to HK$2.6 billion (US$332 million) even as revenue fell by about 23 per cent to HK$4.92 billion. Its property...

22 Feb Chinese developer Sunshine 100 says it is assessing impact of liquidation order against controlling shareholder Joywise Holdings

Posted at 11:30h in Asia

Embattled mainland Chinese property developer Sunshine 100 is evaluating the impact of a winding-up order for its controlling shareholder, whose beneficiaries include its chairman and executive director, according to a filing with the Hong Kong exchange.Sunshine 100 said it had recently been informed of the...

22 Feb Opinion | Why Magnificent Seven US tech stocks are the bubble that won’t burst

Posted at 11:30h in Asia

It is hard to overstate the importance of this septet. With the exception of Tesla, all the companies figure among the world’s top seven firms by market capitalisation. Moreover, the group’s combined weighting in the S&P 500 is 29 per cent while its share of...

22 Feb Autonomous cars: Chinese start-up Haomo, backed by Great Wall Motor, raises fresh capital to develop driverless tech

Posted at 10:32h in Asia

Wufa is an investment group funded by the local government of Chengdu, capital of Southwest China’s Sichuan province.The Series B1 fundraising comes after Haomo netted more than 1 billion yuan of capital in previous rounds of financing carried out since the company’s establishment in 2019.Its...

22 Feb Most firms in world’s biggest trial stick to it

Posted at 10:31h in Europe

Passengers on a platform at Frankfurt Central Station in Frankfurt, Germany, on Friday, Jan. 19, 2024. Germany's struggle to revive its sluggish economy is about to take an experimental turn as a host of companies take part in a pilot to work a 4-day week,...

22 Feb Trip.com’s revenue and profit surged in 2023 as Chinese tourists gave in to post-Covid wanderlust

Posted at 10:03h in Asia

Trip.com Group, China’s dominant online travel agency, reported significantly improved financial results in the fourth quarter on the back of surging travel demand that approached pre-pandemic levels, propelling its shares to an all-time high.Revenue for the three months to December jumped 105 per cent to...

22 Feb Russia signals it could try to seize Kyiv again at some point

Posted at 10:03h in Europe

Russian President Vladimir Putin and then-Prime Minister Dmitry Medvedev in Moscow, Russia, February 23, 2018.Mikhail Svetlov | Getty Images News | Getty ImagesA senior Russian official has signaled that Russian forces could make another attempt to capture Kyiv, after a failed attempt to seize the...

22 Feb What are space nukes raising tensions between Moscow and Washington?

Posted at 09:41h in Europe

In this pool photograph distributed by Russian state agency Sputnik, Russia's President Vladimir Putin talks to students and Chelyabinsk Region industry workers at the Stankomash plant in Chelyabinsk on February 16, 2024.Alexander Ryumin | Afp | Getty ImagesA fresh spat between Washington and Moscow has...

22 Feb Hong Kong picked for Chinese AI driverless vehicle firm Uisee’s international headquarters, research centre

Posted at 09:38h in Asia

Chinese AI driverless company Uisee has picked Hong Kong for setting up its international headquarters, with plans to use the city as its springboard for expansion into Singapore, the Middle East and Europe.The company has provided more than 50 driverless vehicles to the Hong Kong...

Author: admin