Culture
Temasek-backed consortium to take China’s ANE private at HK$14.33 billion valuation
[SINGAPORE/HONG KONG] ANE (Cayman) said on Tuesday (Oct 28) a consortium comprising its largest shareholder, Singapore’s Temasek Holdings, Centurium Capital, and True Light have offered to take it private...
Uber to plan investments in Hong Kong listings of Pony AI, WeRide
UBER Technologies is planning to invest in the Hong Kong listings of Pony AI and WeRide, according to people familiar with the matter, deepening the ride-hailing giant’s ties with...
Apple races past US$4 trillion market value as latest models revitalise iPhone sales
[CALIFORNIA] Apple topped US$4 trillion in market value for the first time on Tuesday (Oct 28), the third Big Tech company to hit the milestone, as robust demand for...
First Reit’s 9-month distributable income falls 6.1% to S$34.8 million
Its DPU for period is S$0.0165, a 7.3% decline from same period in the prior year[SINGAPORE] The manager of First Real Estate Investment Trust (Reit) reported a 6.1 per...
LHN’s co-living unit Coliwoo to offer 80.3 million shares at S$0.60 apiece in mainboard listing
The offering comprises a placement of 75 million placement shares to investors in Singapore and outside the United States as well as a public offer of 5.3 million public...
Mapletree Logistics Trust Q2 DPU down 10.5% at S$0.01815
[SINGAPORE] The manager of Mapletree Logistics Trust (MLT) announced that the distribution per unit (DPU) for the trust’s second quarter ended Sep 30 in its 2026 financial year declined...
Musk launches Grokipedia, accusing Wikipedia of ideological bias
[NEW YORK] Elon Musk’s company xAI launched Grokipedia on Monday (Oct 27) to compete with online encyclopedia Wikipedia, which he has accused of ideological bias.The site dubbed version 0.1...
Ping An profit rises as stock rally lifts investment returns
Net income climbed to 132.9 billion yuan (S$24.2 billion), from 119.2 billion yuan a year earlier[BEIJING] Ping An Insurance (Group) said profit rose 11.5 per cent in the first...
Intel CEO Tan Lip-Bu pledges to ‘refocus’ chip giant on AI, foundry
[RIYADH] Intel chief executive officer Tan Lip-Bu said he is working to “refocus” the beleaguered chip company on engineering after its struggles with complacency and mismanagement. The executive, who...
China’s cheap air fares hurt profit recovery for state carriers
[BEIJING] Stubbornly cheap international air fares for Chinese travellers are hurting attempts by the country’s biggest carriers to claw their way back to profitability.Ticket prices have lingered between 22...
