Photographer: Raul Ariano/Bloomberg (Bloomberg) — Moonshot AI is seeking to raise as much as $1 billion in an expanded funding round that would value the startup at about $18 billion, more than quadrupling its valuation in just three months and underscoring growing interest in Chinese AI developers racing to rival Silicon Valley leaders. The company…
Hong Kong billionaire Cheah Cheng Hye has quietly turned a quarter of his fortune into gold, betting that in an era of sanctions, seizures, and geopolitical shocks, nothing beats metal you can touch. “If you have the physical gold in the warehouse or in your bank safe, nobody owes you anything,” he told Bloomberg News…
Beijing’s national security office in Hong Kong has met representatives from foreign media outlets in the city and warned them against crossing “red lines”, following reports it said smeared the government’s fire relief efforts and attacked the Legislative Council election. According to sources, foreign media outlets that were requested to attend the meeting included Agence…
(Reuters) -Chinese autonomous driving firm WeRide plans to price its Hong Kong share sale at HK$27.10 per share, aiming to raise HK$2.39 billion ($307.7 million) from the listing, Bloomberg News reported on Tuesday. Reuters reported last month that WeRide had tapped Morgan Stanley and China International Capital Corp to lead its planned dual primary listing…
(Reuters) -Meta Platforms Inc is targeting at least $25 billion in a bond sale, Bloomberg News reported on Thursday, citing people familiar with the matter. Fixed-income news service IFR said the parent of Facebook and Instagram has filed for a six-part bond sale without disclosing a size, and was marketing bonds with maturities ranging from…
(Reuters) -The United States has approved several billion dollars worth of Nvidia chip exports to the United Arab Emirates, Bloomberg News reported on Wednesday. The Commerce Department’s Bureau of Industry and Security recently issued the Nvidia export licenses under the terms of a bilateral artificial intelligence agreement hashed out in May, the report said, citing…
Hong Kong’s bankers and traders hunkered down at home or booked hotels near their offices as Super Typhoon Ragasa descended on the Asian financial hub. The big international banks, including Goldman Sachs, Morgan Stanley and HSBC Holdings, told most employees to work from home before the typhoon unleashed a deluge of rain and sustained winds…
The company ranks second in the US on Amazon.com’s marketplace. Photographer: Bloomberg Creative Photos/Bloomberg Creative Collection (Bloomberg) — Pattern Group Inc., an e-commerce firm that resells goods on marketplaces such as Amazon.com Inc., and some of its investors raised $300 million in an initial public offering that priced in the middle of its marketed range….
(Bloomberg) — Shein Group Ltd. has begun offering other fashion brands access to its apparel manufacturing network in China as a service, people familiar with the matter said, as it seeks new revenue streams amid pressure on its retail business from US tariffs. Other fashion brands can now tap on the fast-fashion retailer’s supply chain,…
(Fixes typographical error in headline) (Reuters) – The United States is proposing annual approvals for exports of chipmaking supplies to Samsung Electronics and SK Hynix’s China-based factories, Bloomberg News reported on Monday. Officials in the U.S. Commerce Department last week presented to Korean counterparts a “site license” idea to supplant indefinite authorizations the chipmakers secured…