Analysis
Issues such as excessive collection of personal information, excessive use of permissions and inconvenient account cancellation were rectified.
MBK Partners, Young Poong launch $1.5b tender offer for Korea Zinc shares
OpenAI launches new series of AI models with ‘reasoning’ abilities
Blackstone mulls selling stake in visa firm VFS Global
US auto safety regulator opens probe into some VinFast EVs
China’s Ant Group refinancing $6.5b credit line
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Liquidity crunch stalls fundraising for SE Asia-focused PE funds in H1
[Updated] The curious case of MoneyHero’s bid for MoneySmart
Indonesia’s Sinar Mas, LG CNS JV to build $300m data centre in Jakarta
Mr DIY eyes $300m IPO of Indonesia unit late this year
Hillhouse, GIC, Temasek said to be in talks to invest in Midea’s HK offering: Report
Taobao and Tmall have informed merchants about the draft plan.
PDD's lean structure of relying heavily on third-party vendors has allowed it to enjoy better margins.
IPOs & Markets
The move is aimed at attracting investments from mainland China.
It was an action-packed week with some big Q2 numbers, deal reviews, and acquisitions.
Earnings and Results
Alibaba is also grappling with stiff competition from JD.com, Pinduoduo and Douyin.
Leveraging resources effectively and developing tailored strategies will be crucial.
Sequoia Capital estimates that $600b in revenue is needed to compensate for the cost of data centres that run generative AI.
The tech conglomerate has been grappling with how to make its global marketplaces more competitive.
Hong Kong has become a focal point for logistics firms wanting to expand internationally.
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