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Three major Chinese airline companies are set to acquire 95 aircraft from Airbus, in deals collectively valued at approximately $17.8 billion. This comes as part of a concerted effort by these airlines to expand their capacities and modernise their fleets…
Shein, the fast-fashion retailer, is looking at a tough road ahead as it aims for a valuation of up to US$50 billion in its highly anticipated IPO in Hong Kong. This is mainly due to new fees imposed on e-commerce parcels in Europe, which are expected to…
Uber, one of the leading global mobility and food delivery platforms, has confirmed its decision to acquire another significant player in the industry, Delivery Hero. The agreement, which values Delivery Hero at approximately €13.0 billion (US$14.8 billion),…
In significant financial news, payment giant PayPal Holdings Inc has reportedly received a joint acquisition bid from payments provider Stripe and private equity powerhouse Advent International. The offer, which values PayPal at a staggering $53 billion USD,…
Techcombank, Vietnam Technological and Commercial Joint Stock Bank, is strategizing to bridge global capital with Vietnam’s escalating investment needs. The bank is placing digital financial infrastructure at the forefront, seeing it as a pivotal factor for…
Frasers Group, a prominent UK retail corporation, recently unveiled an unexpected voluntary takeover bid for Hugo Boss. Their goal is to procure the remaining shares of the renowned German fashion brand and obtain complete ownership. Currently, Frasers Group…
The antiquated systems of cross-border payments are imposing a substantial financial burden on businesses in Singapore, confining billions of dollars in operational capital and diminishing economic efficiency. This is according to recent research conducted by…
JD, the Chinese e-commerce titan, is reportedly considering a significant expansion within the UK market, with a potential £2 billion ($2.69 billion) acquisition bid for the British online retail platform, The Very Group. JD’s Expansive Strategy in the UK…
Central Pattana, a leading retail and property development company, has unveiled ambitious plans to invest approximately $3 billion to broaden its mixed-use portfolio over the next five years. Central Pattana’s proposed projects are poised to offer an…
Regulatory authorities in Singapore are currently evaluating whether blind boxes should be classified under the nation’s gambling laws, a decision that could profoundly influence the compliance mandates for retailers in the rapidly developing collectibles…
21Shares, a well-known firm that specializes in exchange-traded products (ETPs) tied to cryptocurrency assets, recently unveiled some major changes in its leadership structure. Having recently been taken over by a U.S. broker, the company currently oversees…
During the APEC Global Investment Partnership event, which was held in conjunction with the APEC CEO Summit in Gyeongju, an announcement was made that underscores the determination of Seoul to lure high-value investment into the areas of digital…
HSBC is making a significant stride into the Singaporean market with the establishment of its Innovation Banking division. This move is marked by a considerable investment of $1.5 billion, aimed at promoting rapid expansion firms and improving the local…
Fonterra’s farmer shareholders have granted approval for the company’s proposal to divest its consumer products division. The Mainland Group and its associated businesses are set to be sold to Lactalis for a sum of $4.22 billion. High Support for Divestment A…
Boyu Capital, a private equity firm from China, is leading the race to acquire a majority stake in Starbucks’ China operations, a deal that could potentially value the unit at over US$4 billion. Boyu Capital remains in the bid after the final contender,…
Amazon has agreed to a settlement of $2.5 billion with the Federal Trade Commission (FTC), following allegations of misleading customers to increase subscriptions. The settlement, however, is unlikely to significantly impact Amazon, given that the company…
