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Alibaba Group Holding
Tech
Will WeWork mark the end of capital as a weapon?
SINGAPORE (Sept 23): The overriding concern in Silicon Valley in recent months has been the overvaluation of start-ups funded by venture capital. In every tech cycle, there have been periods in which investors in both private and public markets have chase
September 20, 2019
Startups, Entrepreneurs, Digital economy
CEO of leading AI startup SenseTime says valuation has passed US$7.5 billion
(Sept 6): SenseTime Group’s valuation surpassed US$7.5 billion this year after securing investment from backers like SoftBank Group, yet the world’s largest AI startup said it’s in no hurry to go public.
September 06, 2019
Tech
Debate between Tesla's Musk and Alibaba's Ma leaves audience awestruck
SINGAPORE (Sept 2): Elon Musk and Jack Ma matched wits publicly for the first time. And boy, they did not disappoint. An onstage debate between China’s richest man and the Tesla boss left a largely Chinese audience both awestruck and dumbfounded as the
August 30, 2019
Management & Corporate Governance
The end of shareholder primacy?
SINGAPORE (Sept 2): In August, the Business Roundtable, a group comprising the CEOs of the US’ largest and most powerful corporations, formally abandoned the view that maximising shareholder value should be a company’s primary objective. The implicati
August 30, 2019
IPO
China AI startup to file for Hong Kong IPO soon despite ongoing protests
(Aug 23): Chinese artificial intelligence startup Megvii is filing documents soon for a Hong Kong initial public offering that could raise as much as US$1 billion, people familiar with the matter said, proceeding despite a market downturn spurred by pro-d
August 23, 2019
IPO
Hong Kong faces new threat as Chinese companies reconsider IPOs
(Aug 15): Several Chinese companies are rethinking fundraising plans in Hong Kong as anti-government protests rock the city, an ominous sign for its future as a financial gateway between Asia’s largest economy and the rest of the world.
August 15, 2019
In print this week
What's behind Alibaba’s quest to raise US$30 billion?
SINGAPORE (Aug 12): Why would a hugely profitable, cash-flush firm raise more money than has ever been raised by a listed company? That is the question befuddling investors. Hangzhou-based, New York-listed e-commerce behemoth Alibaba Group Holding, China
August 14, 2019
Tech
What's behind Alibaba’s quest to raise US$30 billion?
SINGAPORE (Aug 12): Why would a hugely profitable, cash-flush firm raise more money than has ever been raised by a listed company? That is the question befuddling investors. Hangzhou-based, New York-listed e-commerce behemoth Alibaba Group Holding, China
August 08, 2019
Markets
Singapore manufacturing PMI declines again, SunMoon Foods surges on heavy volume
SINGAPORE (July 8): Singapore’s manufacturing Purchasing Managers’ Index has declined for the second straight month, dropping 0.3 point from May to 49.6 in June. This is also the third consecutive month of slowdown and the second consecutive month whe
July 05, 2019
Company in the news
Briefs
SINGAPORE (June 17): “We remain firmly committed to our growing traditional meat business and expect to be a market leader in alternative protein.” — Noel White, CEO of Tyson, a leading producer of meat.
June 14, 2019