Investment
Increased Chinese scrutiny increases investment risk of ‘Beast’ Ant
As Ant Group was pushing forward in August towards its IPO, at least two smaller Chinese banks using existing ties to the FinTech player decided to stop sourcing fresh customer loa...
ByteDance to invest billions in Singapore
ByteDance, the owner of popular short-video app TikTok, is planning to invest billions of dollars and recruit hundreds of workers in Singapore within the next 3 years, a individual...
Alibaba puts India investment plan on hold amid China tensions
China-based Alibaba Group has put on hold plans to invest in Indian companies, two sources aware of the plans told journalists, amid souring business relations and rising political...
Amazon said to be in talks to invest in Rackspace
Amazon.com is in preliminary talks to invest in US cloud solutions supplier Rackspace Technology, people familiar with the discussions have said.
Flipkart to raise $1.2 billion in Walmart-led funding
Flipkart will raise $1.2 billion in funding led by majority owner Walmart Inc, the Indian e-commerce firm has said, as it looks to compete better with Amazon.com in a COVID-hit mar...
Google commits $10 billion to accelerate Indian digital economy
Google has said it would spend around $10 billion in India over the next five to seven years through equity investments and tie-ups, marking its biggest commitment to a key growth ...
Amazon pledges $2 billion venture capital fund to invest in clean energy
Amazon.com has said that it will launch a $2 billion venture capital fund that will focus on technology investments to reduce the impact of climate change and support sustainable d...
Diversity-focused UK Venture Capital firm closes inaugural fund with high-profile backers
Reuters – A new London-based venture capital aimed at funding tech companies whose founders come from traditionally under-represented groups said on Tuesday it closed its ina...
Apple supplier Salcomp to invest $279 million in new Indian plant
NEW DELHI (Reuters) – Finland’s Salcomp, a supplier to U.S. tech group Apple, is to invest 20 billion rupees ($278.67 million) in India to make mobile chargers and othe...
SoftBank to create $30 billion tech giant via Yahoo Japan, Line Corp deal
TOKYO (Reuters) – SoftBank Corp plans to merge internet subsidiary Yahoo Japan with messaging app operator Line Corp to create a $30 billion tech group, as it strives to comp...