Ant Financial acquires ‘significant’ stake in Vietnam’s eMonkey
Despite having an office in Vietnam, Ant Financial has invested in eMonkey because it has an operating license from the State Bank of Vietnam...
Tag : China
Blackrock, Temasek to establish China asset management JV
Both companies will create and distribute development products for the Chinese market...
After phase-one deal, China suspends tariffs on US goods
The tariffs levied were on corn and US-made cars and auto parts...
China’s State Grid buys 49% stake in Oman electricity Utility
State Grid paid $1 bn to Oman’s Electricity Holding Company for the stake in Oman Electricity Transmission...
Alibaba-backed WeLab secures $156 mn funding to invest in R&D
The fintech startup has received the funding from Alibaba Hong Kong Entrepreneurs Fund and China Construction Bank...
Amid trade war, Trump approves phase-one US-China trade deal
The US president also decided to wave off US tariffs on $160 bn of Chinese consumer goods...
Alibaba’s Ant Financial to raise $1 bn to invest in SE Asia
The fund will invest in payments and fintech startups in Southeast Asia and India...
5G base stations in China to reach 130,000 by year-end
Currently, China has around 113, 000 base stations...
Alibaba to raise around $12.9 bn in Hong Kong
Alibaba will issue 500 million shares and will price them at a 2.8% discount to their last closing price in New York...
Adnoc eyes $45 bn downstream investment in India, China
The oil giant is also looking to develop refining and petrochemical facilities in the UAE...