Greater China
Alibaba is facing stiff competition from discount-based retailers such as Pinduoduo and Douyin.
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Manulife unit gets new Asia head amid job cuts
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Bain-backed Japanese chipmaker Kioxia's market value set at $5b
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Want to be chief of staff at Zomato? CEO says forget salary, pay $23,700 fee
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SaaS startup Podium raises $15.2m in Series A-1 funding
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Data Vantage: Mimin, Kyna, Rhea and SingX in focus
More Stories
Will Indonesia’s move to set up mammoth SWF boost its investment appeal?
Indonesian VC Ideosource winds down after over a decade
Temasek’s 65 Equity Partners buys secondaries in Tencent-backed Tuya
Singapore’s Capitaland Investment to buy initial 40% stake in SC Capital Partners
Canva-backer AirTree Ventures raises capital for two new funds
Alibaba reports profit from Ant one quarter in arrears.
Rest of Asia
MUFJ Financial Group said Q2 profit surged 90% on higher interest rates.
Prolonged property sector crisis, slowdown and job insecurity have hammered consumer confidence.
Foxconn’s shares have doubled so far in 2024, beating the broader market’s 28% gain, buoyed by its confident outlook on AI.
Singapore
Janio and its subsidiaries posted revenue of S$41m, a nearly 45% increase from 2022.
Tencent reported revenue of 167.19 billion yuan ($23.14 billion) for the quarter ended Sept. 30.
India
The company said its consolidated net profit rose to about $1.19 million in Q2.
The company reported consolidated net profit of about $4.6 million in Q2.
It posted a net profit of $153m in Q3 2024, compared with a loss of $144m in the same period last year.
