Billion Archives - The Tamesis

Zhipu’s Chairman Amasses $22.4 Billion Fortune As Chinese AI Model Developer Soars Almost 1,000%

On January 8, 2026, Liu Debing, chairman of Knowledge Graph Technology Co., Ltd. (also known as Zhipu), left at the company’s listing ceremony held on the Hong Kong Stock Exchange. Lin Yi/Bloomberg

June 2, 2026

Breaking News

Hailey Bieber Is Taking Rhode on a Summer Tour as It Aims for $1 Billion in Sales

Rhodes World is on a summer tour. Rhode World, which debuted at Coachella as an off-site festival experience and content playground filled with claw machines, balloon darts, mini burgers and colorful popsicles

June 1, 2026

Fashion

Nvidia to Spend $150 Billion a Year in ‘AI Epicentre’ Taiwan

Nvidia will increase investment in Taiwan to $150 billion a year, the U.S. chip giant’s boss said on Wednesday, describing the export-driven island as “the epicenter of the artificial intelligence revolution”. Jensen

May 27, 2026

Finance

How Art Auctions Choreographed a $2.5 Billion Comeback

After four years of uneven sales, the auction house has put together a successful sales season by redefining the expectations of buyers and sellers.

May 25, 2026

Art and Design

Billionaire David Teoh’s $1.1 Billion Singapore Mobile Deal Set To Lapse Amid Regulatory Breach

David Teoh, Chairman of Tuas Limited, an Australian listed company. Getty Images Singapore-listed Keppel Ltd. to sell mobile operator M1 to Australian billionaire David Zhang Government regulators this week halted their review

May 19, 2026

Breaking News

Billionaire Alexander Ramlie-Backed Dhilmar To Buy Australian Coking Coal Mines For $3.9 Billion

Alexander Ramlie, CEO, Dhilmar. Provided by Amman Mining Company Dilma— Backed by Indonesian mining billionaire Alexander LumleyLondon-listed Anglo American’s Australian coking coal mines will be acquired for up to $3.9 billion as

May 18, 2026

Breaking News

L’Oréal Paris’s Path to €10 Billion

Leverage its skin care benefits Finding its place in the innovation-driven skin care market will be key to L’Oréal Paris’ growth. “Mass beauty brands such as L’Oréal Paris need to carve out

May 15, 2026

Fashion

Billionaire Sunil Mittal’s Bharti Airtel Raising Stake In African Unit Via $2.9 Billion Share Swap

A Bharti Airtel Ltd. store in Mumbai, India, on Wednesday, August 3, 2022. Photographer: Dhiraj Singh/Bloomberg © 2022 Bloomberg Financial Limited Airtel-Controlled by Indian billionaires Sunil Mittal— plans to strengthen its control

May 14, 2026

Breaking News

Can Three Auction Houses Sell $2.6 Billion Worth of Art in One Week?

Five luxury art pieces are key to spring sales, one of the most anticipated in years. Instead of focusing on women and young artists, major buyers are turning to tradition.

May 13, 2026

Art and Design

Chinese AI Model Developer Kimi Raising Funds Valuing It At $20 Billion

Kimi was founded by Yang Zhilin, who was named to Forbes Asia’s 30 Under 30 list in 2021. Kimi’s existing backers include Chinese technology giants Alibaba and Tencent. According to data from

May 7, 2026

Breaking News

Li Ka-Shing’s CK Hutchison To Exit Vodafone Joint Venture In $5.8 Billion Deal

The deal comes a year after CK Hutchison merged its UK mobile network business with Vodafone.

May 5, 2026

Breaking News

Indian Tycoons Mittal, Poonawalla To Buy Rajasthan Royals For $1.65 Billion

Adar Poonawalla, son of steel tycoon Laxmi Mittal and vaccine billionaire Cyrus Poonawalla, will join other high-profile Indian cricket team owners, including Asia’s richest man Mukesh Ambani.

May 4, 2026

Breaking News

Billionaire Robin Khuda’s AirTrunk Earmarks $3 Billion To Build Data Centers In Malaysia

Prior to its expansion in Malaysia, AirTrunk announced its intention to acquire Lumina CloudInfra, which has 600 MW of data center projects in India with development potential of up to US$5 billion.

April 30, 2026

Breaking News

Indian Pharma Billionaire Dilip Shanghvi Doubles Down On The U.S. With $11.8 Billion Acquisition

Sun Pharmaceutical Industries Ltd.’s signage hangs outside the company’s corporate office in Mumbai. © 2014 Bloomberg Financial Limited Sun Pharmaceutical Industries – controlled by Indian billionaires Dilip Shanvi— has agreed to acquire

April 27, 2026

Breaking News

Billionaire G.M. Rao To Buy Part Of Groupe ADP’s Stake In India’s GMR Airports In $1 Billion Deal

Road sign indicating the direction to New Delhi Airport, one of six airports operated by GMR Airports in India. Getty GMR Group-Controlled by billionaires General Manager Rao— has agreed to buy a

April 24, 2026

Breaking News

Malaysian Billionaire Brothers’ IOI Properties To Buy Prime Singapore Office Tower For $2 Billion

The acquisition will boost IOI Properties Group, controlled by Malaysian billionaire brothers Lee Yeow Chor and Lee Yeow Seng, in Singapore’s central business district and add to its portfolio that includes IOI

April 20, 2026

Breaking News

Indonesian Tycoon Garibaldi Thohir-Backed Adaro Andalan, Partner To Sell Stake In Australian Coal Mine For $2.4 Billion

Jakarta-listed Adaro Andalan Indonesia, backed by Indonesian billionaire Garibaldi Thohir, and its partner, Hong Kong-based private equity firm EMR Capital, are selling their controlling stake in Australian coal miner Kestrel Coal to

April 16, 2026

Breaking News

Malaysian Billionaire Jeffrey Cheah’s Sunway Walks Away From $2.8 Billion IJM Bid

The company has suffered setbacks since Sunway announced its bid in January. Last month, IJM’s board recommended that investors reject the offer as it was considered well below fair value.

April 7, 2026

Breaking News

Billionaire Sunil Mittal’s Airtel, Partners To Invest $1 Billion In Indian Data Center Projects

Fiber optic cable connected to the Ethernet port. Getty Airtel-Controlled by billionaires Sunil Mittal— A group of investors is investing in a $1 billion data center project in India to capitalize on

March 31, 2026

Breaking News

Billionaire Aloke Lohia’s Indorama Ventures, Blackstone-Backed EPL To Merge Indian Packaging Business In $2 Billion Deal

The proposed merger comes a year after Indorama Ventures, controlled by petrochemical billionaire Aloke Lohia, bought an initial 24.9% stake in EPL from Blackstone for $219 million.

March 30, 2026

Breaking News

Billionaire Kumar Birla, Blackstone To Buy Royal Challengers For $1.8 Billion Amid Bidding Frenzy For Indian Cricket Teams

Billionaire Kumar Mangalam Birla joins other high-profile owners of the Indian Premier League cricket team, including Asia’s richest man Mukesh Ambani, whose Reliance Industries owns the Mumbai Indians.

March 25, 2026

Breaking News

Toy Mogul Wang Ning Loses Almost $3 Billion As Shares Of Labubu Maker Pop Mart Drop On Overseas Slowdown

Shares of the Hong Kong-listed company fell more than 22% on Wednesday after it reported annual earnings as investors worried that the hype for its iconic Lab-Boo toys was over.

March 25, 2026

Breaking News

China’s Xiaomi to Invest $9 Billion in AI to Embrace ‘New Era’

Chinese smartphone and electric car maker Xiaomi said on Thursday it would invest nearly $9 billion in artificial intelligence over the next three years in an effort to embrace a “new era.”

March 20, 2026

Finance

Tencent To Double AI Investments To $5.2 Billion Amid China’s OpenClaw Frenzy

The Chinese gaming and social media giant has ample resources to devote to artificial intelligence. In the last three months of last year, revenue rose 13% year-on-year to 194.4 billion yuan ($28

March 19, 2026

Breaking News

Billion

Zhipu’s Chairman Amasses $22.4 Billion Fortune As Chinese AI Model Developer Soars Almost 1,000%

Hailey Bieber Is Taking Rhode on a Summer Tour as It Aims for $1 Billion in Sales

Nvidia to Spend $150 Billion a Year in ‘AI Epicentre’ Taiwan

How Art Auctions Choreographed a $2.5 Billion Comeback

Billionaire David Teoh’s $1.1 Billion Singapore Mobile Deal Set To Lapse Amid Regulatory Breach

Billionaire Alexander Ramlie-Backed Dhilmar To Buy Australian Coking Coal Mines For $3.9 Billion

L’Oréal Paris’s Path to €10 Billion

Can Three Auction Houses Sell $2.6 Billion Worth of Art in One Week?

Chinese AI Model Developer Kimi Raising Funds Valuing It At $20 Billion

Li Ka-Shing’s CK Hutchison To Exit Vodafone Joint Venture In $5.8 Billion Deal

Indian Tycoons Mittal, Poonawalla To Buy Rajasthan Royals For $1.65 Billion

Billionaire Robin Khuda’s AirTrunk Earmarks $3 Billion To Build Data Centers In Malaysia

Indian Pharma Billionaire Dilip Shanghvi Doubles Down On The U.S. With $11.8 Billion Acquisition

Billionaire G.M. Rao To Buy Part Of Groupe ADP’s Stake In India’s GMR Airports In $1 Billion Deal

Malaysian Billionaire Brothers’ IOI Properties To Buy Prime Singapore Office Tower For $2 Billion

Indonesian Tycoon Garibaldi Thohir-Backed Adaro Andalan, Partner To Sell Stake In Australian Coal Mine For $2.4 Billion

Malaysian Billionaire Jeffrey Cheah’s Sunway Walks Away From $2.8 Billion IJM Bid

Billionaire Sunil Mittal’s Airtel, Partners To Invest $1 Billion In Indian Data Center Projects

Billionaire Aloke Lohia’s Indorama Ventures, Blackstone-Backed EPL To Merge Indian Packaging Business In $2 Billion Deal

Billionaire Kumar Birla, Blackstone To Buy Royal Challengers For $1.8 Billion Amid Bidding Frenzy For Indian Cricket Teams

Toy Mogul Wang Ning Loses Almost $3 Billion As Shares Of Labubu Maker Pop Mart Drop On Overseas Slowdown

China’s Xiaomi to Invest $9 Billion in AI to Embrace ‘New Era’

Tencent To Double AI Investments To $5.2 Billion Amid China’s OpenClaw Frenzy

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