Alibaba reportedly to merge with South Korea's E-Mart in $4 billion deal
Sources familiar with the matter said a deal could be finalized and announced as early as this week.
Founders Fund said to raise $3 billion for third growth equity fund
In 2022, Founders Fund raised $3.4 billion for its second growth equity fund.
Musk's xAI scores $6 billion in latest funding round
The new funding brings xAI's total funding to $12 billion.
News Corp sells Foxtel cable unit to DAZN for $2.1 billion
News Corp has agreed to sell its Australian Cable TV unit Foxtel Sold to British sports network DAZN for A$3.4 billion (US$2 billion). The deal, which includes debt, reduces the exposure of
China plans to issue record $411 billion in bonds in 2025: sources
China's financial policymakers have agreed to issue a record amount of special government bonds totaling 3 trillion yuan ($411 billion) next year to try to revive the struggling economy. Sources told Reuters
Billionaire Rupert Murdoch's News Corp sells Foxtel to DAZN in deal worth $2.1 billion
Foxtel is headquartered in Sydney. Getty Images Billionaire Rupert Murdoch's News Corp has agreed to sell Foxtel Group to global sports streaming platform DAZN Group in a deal that values the Australian
Telegram turns profit for first time after cutting $2 billion in debt
Telegram has more than 900 million active users and faces criticism from governments around the world.
Billionaire Frank McCourt plans to acquire TikTok for $20 billion
McCourt's goal is to change TikTok's business model and give users control over ads and content.
Honda and Nissan launch merger talks to create auto giant worth $50 billion
Japanese auto giants Honda and Nissan have begun talks about a potential merger that would create the world's third-largest car company worth $50 billion. The heads of the two companies confirmed on
Accenture's revenue in the first quarter of FY25 reaches US$1.77 billion due to genAI demand
Accenture has expanded its data and artificial intelligence headcount to 69,000 people, with plans to grow to 80,000 by 2026.
Southeast Asian AI startups receive $170 million in investment amid $60 billion global tech boom
There were only 122 AI financing deals in Southeast Asia, far fewer than the 1,845 in Asia Pacific.
By 2028, the global senior living market will grow to US$12.74 billion
Mobile apps, trackers and smart alerts are in high demand. Technavio said it is expected that the global senior living market will grow to US$12.74 billion by 2028, with a compound annual
AWS commits an additional $10 billion to Ohio, bringing total to $23 billion by 2029
The exact location has yet to be determined, pending a long-term energy agreement.
$280 billion in CHIPS Act funding faces uncertainty under Trump
Trump criticized the bill and expressed concerns about its future, especially for foreign chip manufacturers such as Taiwan.
Japanese chip maker Kioxia valued at $5.6 billion in initial public offering (IPO)
Kioxia became independent in 2018 as part of a restructuring of its former parent company Toshiba.
Instagram video growth could bring $32 billion in U.S. ad revenue
Meta's focus on video content is driving revenue growth.
GIC co-led Databricks’ $10 billion Series J investment
The funds will be used to develop artificial intelligence products and expand international operations.
Alibaba to sell Intime Department Store at a loss of US$1.3 billion
The move is part of Alibaba's strategy under Chief Executive Eddie Wu to streamline operations and focus on core growth areas.
Schizophrenia market will reach $17 billion in 2031
This is mainly driven by the expected launch of 11 late-stage R&D products. The schizophrenia market in seven major markets (7MM) is expected to grow at a compound annual growth rate (CAGR)
Trump and SoftBank CEO announce $100 billion investment in U.S.
Trump said the investment could create at least 100,000 jobs in the United States.
Korean Air acquires Asiana Airlines for $1 billion
Korean Air passenger plane on the tarmac of Incheon International Airport in South Korea. SeongJoon Cho/Bloomberg SKorean flag carrier Korean Air has acquired a controlling stake in Asiana Airlines for about $1
Ssangyong, backed by Filipino billionaire Tony Tan Caktiong, expects sales to hit $8.5 billion by 2035
DoubleDragon Group Chairman Edgar Sia II and Co-Chairman Tony Tan Caktiong at the groundbreaking ceremony … [+] Hotel101-Niseko opens in August 2023. Photos taken by Ssangyong for Forbes DoubleDragon, controlled by billionaire
Israeli cybersecurity startup will be valued at $4 billion by 2024
Two companies, Wiz and Cyera, have played a key role in this growth.
Xiaohongshu expects profits to exceed US$1 billion in 2024
Chinese social media and e-commerce platforms now prioritize profit over user growth.