Bloomberg
Stories by Bloomberg
HK’s on-demand delivery firm Lalamove seeks to raise $500m
The company is seeking to raise the new funding round at $8 billion valuation.
Singapore’s tech startup Sea to raise about $2b in stock offering
Proceeds from the new offering will be spent on potential strategic investments and acquisitions.
Citigroup looks to Ant Financial success as model in Google tie-up
Citigroup has tied up with Ant Financial, Paytm, Grab to embed its services into these outside apps.
SG’s Japfa to sell stake in Indonesian dairy unit to TPG Venture, Northstar Group
Japfa will retain a 20 per cent stake in PT Greenfields Indonesia.
Tencent-backed Chinese budget retailer Miniso launches Toptoy, a store chain for toys
China’s toy market is slated to become the biggest in the world by 2022
Ant Group said to face slim chance of reviving IPO in 2021
Ant is still in the early stages of reviewing changes needed to appease regulators.
Alibaba, Tencent lead $290b tech selloff as China clamps down on internet firms
"China’s Big Tech will have to rethink their business models.”
New Chinese regulations may slash Ant Group’s valuation by half
Under the new rules, Ant would need additional capital.
China’s ByteDance seeks to raise over $2b at $180b valuation
The TikTok owner is in talks with a group of investors including Sequoia for funding.
The chaotic 72 hours before China decided to scuttle Jack Ma’s $35b Ant Group IPO
The listing was scuppered two days before shares were to start trading.
