Culture
Abrdn in talks to launch China asset management venture with Citic unit: sources
ABRDN is in advanced talks with Citic Bank to launch an asset management joint venture in China, two sources with knowledge of the matter…
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Culture
Singapore’s Foundation Healthcare eyes over US$100 million fundraising: sources
SINGAPORE’S Foundation Healthcare Holdings is looking to conduct a funding round that could raise more than US$100 million and value the…
Culture
China’s Sany Heavy Industry aims to raise up to US$1.5 billion in planned Hong Kong listing: sources
CHINESE manufacturer Sany Heavy Industry is planning a listing in Hong Kong that could raise up to US$1.5 billion, two sources familiar…
Culture
Shein faces investor pressure to slash valuation to US$30 billion: sources
FAST-fashion retailer Shein is under pressure to cut its valuation to about US$30 billion, according to people familiar with the matter,…
Culture
Nokia to gain unconditional EU nod for US$2.3 billion Infinera deal: sources
The European Commission is scheduled to finish its preliminary review of the deal by Feb 26 NOKIA is set to secure unconditional EU…
Culture
Commerzbank plans job cuts, new targets to keep UniCredit away: sources
GERMANY’S Commerzbank is preparing staff cuts and revamped financial targets in its efforts to fend off tie-up advances by Italy’s…
Culture
China bubble tea firm Mixue targets US$500 million in February Hong Kong IPO: sources
The firm plans to use the money raised in its IPO to expand production facilities and help increase its range of drinks CHINA’S largest…
Culture
China’s CATL to file for at least US$5 billion Hong Kong listing this week: sources
CHINESE battery giant CATL plans to file a Hong Kong listing application this week to raise at least US$5 billion, according to two…
Culture
Nissan seeking new partners with Honda deal set to collapse: sources
NISSAN Motor is seeking out a new partner as it prepares to end negotiations to form a joint holding company with Honda Motor, sources…
Culture
Indonesian fund, Mitsui vie for US$300 million stake in toll operator RKE: sources
INDONESIA’S sovereign wealth fund, Indonesia Investment Authority (INA), and Japan’s Mitsui are among prospective buyers of CVC Capital…
Culture
ByteDance plans US$20 billion capex in 2025, mostly on AI: sources - The Business Times
BYTEDANCE, the Chinese owner of TikTok, has earmarked over 150 billion yuan (S$27.9 billion) in capital expenditure for this year, much of…
Fashion
China’s battery giant CATL hires banks for first-half Hong Kong float: sources
CHINESE battery giant CATL has hired banks, including JPMorgan and Bank of America, to work on a Hong Kong listing, in what could be one…
Culture
Japan’s NTT appoints banks for US$1 billion data centre Reit IPO in Singapore: sources
JAPAN’S Nippon Telegraph & Telephone Corp (NTT) has appointed Bank of America and UBS to work on a US$1 billion data centre real estate…
Culture
Vitol plans to cut costs by taking aluminium from London Metal Exchange warehouses in Malaysia: sources
ENERGY and commodities trader Vitol is attempting to reduce its storage costs with plans to remove significant amounts of aluminium from…
Culture
Chinese exchanges ask big fund managers to restrict stock selling: sources
CHINA’S main stock exchanges asked some large mutual funds to restrict stock selling at the start of the year, three sources familiar with…
Culture
China AI firm SenseTime cuts back on Singapore office space: sources
SENSETIME Group is reducing its office footprint in Singapore, scaling back once-lofty ambitions at a time when it’s struggling to compete…
Fashion
KKR and Bain each bid more than US$5 billion for Seven & i assets: sources
PRIVATE equity firms KKR and Bain Capital each offered more than US$5 billion in first-round bids for the non-core assets of Japan’s Seven…
Culture
Microsoft works to add non-OpenAI models into 365 Copilot products: sources
MICROSOFT has been working on adding internal and third-party artificial intelligence (AI) models to power its flagship AI product…
Business
Security sources: Christmas market suspect not a known Islamist
The man arrested following a suspected attack on a Christmas market in Magdeburg was not previously on law enforcement's radar as a known…
Culture
Saudi Global Ports, co-owned by PSA, taps banks for up to US$1 billion IPO: sources
STATE-backed Saudi Global Ports has picked banks including Goldman Sachs Group and HSBC Holdings to help arrange a planned Riyadh initial…
Fashion
Apple in talks with Tencent, ByteDance to roll out AI features in China: sources
APPLE is in talks with Tencent and TikTok owner ByteDance about integrating their artificial intelligence (AI) models into iPhones sold in…
Fashion
Honda, Nissan move to deepen ties, including possible merger: sources
HONDA and Nissan are in talks to deepen ties, two people said on Wednesday (Dec 18), including a possible merger, the clearest sign yet of…
Fashion
Shein weighs sale of less than 10% of company in London IPO: sources
FAST fashion retailer Shein is considering asking UK regulators to waive listing rules that require at least 10 per cent of its shares to…
Culture
Schroders seeks buyers for Indonesia unit with US$4 billion in assets: sources
SCHRODERS is looking to sell its Indonesian business, according to two sources with knowledge of the matter, as the UK-headquartered…