Asia - Spark Newswire

2 minute read

Indian Billionaire Adds Nearly $1B In A Day, Outperforming Musk, Bezos Combined

Today, 4:29 PM

Indian billionaire Gautam Adani added nearly $1 billion in a single day after his conglomerate Adani Group announced that it would snap a majority stake in New Delhi Television (NDTV).

AMZN

1 minute read

Alibaba, Nio, JD Jump Over 3%: Hang Seng Tracks Wall Street Cues After Suspended Morning Session

By Bhavik Nair

Today, 4:29 PM

After being suspended on Thursday morning due to a typhoon alert, Hong Kong's benchmark Hang Seng Index rose 1.22% in afternoon trade, taking cues from Wall Street as investors turned their attention to the start of the Jackson Hole Economic Symposium.

BABA

1 minute read

Singapore Telecom Major To Sell $1.6B Stake In India’s Airtel To Boost 5G, Growth Initiatives

By Bhavik Nair

Today, 4:29 PM

Singapore Telecommunications Limited (OTC: SGAPY) has announced it will sell a 3.3% stake in Indian telecom player Airtel to Bharti Telecom, for approximately S$2.25 billion ($1.61 billion), as part of its capital recycling strategy.

SGAPY

2 minute read

XPeng Plans To Launch 2 EVs Next Year — One Of Them Could Compete With Tesla’s Model Y

By Bhavik Nair

Today, 4:29 PM

Tesla Inc (NASDAQ: TSLA) rival XPeng Inc (NYSE: XPEV) is planning to launch two cars next year — one of which could be a potentially strong competitor to Tesla’s Model Y

TSLA

2 minute read

Why Alibaba, Nio And Other Stocks’ Trading Has Been Suspended In Hong Kong Today

By Bhavik Nair

Today, 4:29 PM

Trading of stocks and derivatives on the Hong Kong bourse was suspended on Thursday morning due to the issuance of Typhoon Signal No. 8.

BABA

1 minute read

Jack Ma’s Ant Signs MoU With Kenanga To Enable Launch Of Malaysia’s First Wealth SuperApp

By Bhavik Nair

Today, 4:29 PM

Alibaba Group Holdings Ltd.’s (NYSE: BABA) financial affiliate Ant Group has signed a memorandum of understanding (MoU) with Malaysia’s Kenanga Investment Bank Berhad under which Kenanga will leverage mPaaS, a m

BABA

5 minute read

Is Tencent Winding Down Its Big Investments?

By The Bamboo Works

Today, 4:29 PM

Key Takeaways: Reuters reported Tencent might sell some or all of its Meituan holdings this year, though Tencent called the report ‘inaccurate’ Some think Tencent might sell other stakes in its more than 70 U.S.- and Hong Kong-listed portfolio companies to raise funds to buy back its shares By Fai Pui

BABA

1 minute read

After Nio, More US-listed Chinese Firms May Arrive In Singapore, Says Exchange CEO

By Bhavik Nair

Today, 4:29 PM

Singapore Exchange Ltd. (OTC: SPXCY) expects more listings by U.S.-listed Chinese firms with the exchange trying to woo companies at a time when they are facing greater regulatory and de-listing risks, according to a report by

NIO

2 minute read

Singapore Imposes $9M Fine On Commodity Trading Firm Over Misleading Financial Statements

By Bhavik Nair

Today, 4:29 PM

The Monetary Authority of Singapore (MAS) has imposed a civil penalty of S$12.6 million ($9 million) on Noble Group Limited (OTC: NOBGF) for publishing misleading information in its financial statements, a statement said.

NOBGF

2 minute read

Elon Musk’s South Korean Fans Pile $15B Of Savings Into Tesla Shares: Courtesy Of ‘Squid Game’ And ‘Paradise?’

By Bhavik Nair

Today, 4:29 PM

Individual South Koreans have accumulated large stakes in Elon Musk-led Tesla Inc (NASDAQ: TSLA) throughout the pandemic, having hiked their combined holdings over a hundred-fold to over $15 billion, reported

AAPL