I Squared Capital’s potential takeover offer for Hong Kong internet provider HKBN is facing hurdles, as it tries to convince China’s sovereign wealth fund of the merits of the deal and a competing state-backed bidder built a significant stake. Rival suitor China Mobile agreed to acquire a 15.5 per cent holding in HKBN from buyout…
(Reuters) – Bitcoin, the world’s largest cryptocurrency by market value, was down by around 5% at $78,892.92 at 1855 GMT on Sunday. Ether, the second largest cryptocurrency, was down by around 9.62% at $1617.65 at 1859 GMT on Sunday. (Reporting by Janaki Venugopalan in Bengaluru; Editing by Leslie Adler) Source link
Mar 11, 2025 10:08 AM IST Tesla’s stock fell 15% on Monday, marking its worst trading day in over four years amid concerns about demand for electric vehicles. Tesla experienced its worst trading day in over four years as its stock plummeted 15% on Monday, extending its steep decline in 2025. The sharp drop comes…
Wall Street is once again fixated on Nvidia, as the main player in the artificial intelligence mania is set to report earnings after the bell Wednesday and give an update on demand for its semiconductors, which are used to power AI applications. This will be Nvidia’s first earnings report since a Chinese upstart, DeepSeek, upended…
DeepSeek has sent shockwaves through the technology, financial, and geopolitical spheres. The low-cost Chinese AI chatbot won’t surprise anyone who knows Beijing’s playbook. Chinese has disrupted many industries in similar fashion, including mining and electric vehicles. A Chinese startup’s launch of a ChatGPT rival has startled tech gurus, stunned investors, and stupefied geopolitical commentators. But…
STORY: Novo Nordisk on Friday revealed disappointing results in a late-stage trial for its experimental next-generation obesity drug CagriSema, wiping as much as $125 billion off its market value. The lower-than-expected weight loss from the drug candidate deals a blow to the Danish company’s ambitions for a successor to its Wegovy weight-loss drug. The company…
China has opened a probe into Nvidia Corp. over suspicions that the US chipmaker broke anti-monopoly laws around a 2020 deal, taking aim at the AI heavyweight as Washington ramps up sanctions. The Chinese government has launched a probe into Nvidia for alleged anti-monopoly law violations related to its Mellanox acquisition. REUTERS/Dado Ruvic/File Photo(REUTERS) Also…
Despite their products being known nationwide and associated with the day-to-day lives of people in China, few are aware of the rags-to-riches stories of the business people behind them. Their journeys exemplify how vision and determination can turn into success and symbolise entrepreneurial resilience in China. The Post highlights four inspiring Chinese tycoons who have…