Business
ByteDance to get about 50% of TikTok US profit under Trump deal: sources
TikTok’s Chinese parent company will likely get about half of the profit from the platform’s US operation even after it sells majority…
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Business
AliExpress tries to draw brands on Amazon: sources
Alibaba Group Holding is trying to attract established brand names on Amazon.com to its global e-commerce site AliExpress, stepping up…
Business
Nvidia’s new RTX6000D chip for China finds little favour with major firms: sources
[BEIJING/SHANGHAI] Nvidia’s RTX6000D, its newest artificial intelligence (AI) chip tailored for the Chinese market, has seen only lukewarm…
Fashion
Francesca Bellettini Expected to Take Helm of Gucci: Sources
Kering is zeroing in on a contract to make Francesca Bellettini, one of its most high-profile and accomplished executives, the next chief…
Business
Carlyle, EQT, HongShan among final bidders for Starbucks China: sources
Global investment firms Carlyle Group and EQT, alongside regional players HongShan Capital Group and Boyu Capital, are preparing final…
Business
BlackRock gets US$10 billion financing for Aramco deal: sources
The majority of the financing is a seven-year loan facility, which could later be refinanced in the bond market A group led by BlackRock’s…
Business
Centurium considers stake sale in US$6 billion Taibang Biologic: sources
Chinese private equity firm Centurium Capital is considering selling its stake in Taibang Biologic Group, people familiar with the matter…
Business
Opec+ set to raise oil output further from October: sources
[LONDON/MOSCOW] Opec+ is set to agree to further raise oil output on Sunday (Sep 7) while probably slowing the pace of increases from…
Business
ByteDance chip design staff suddenly find out they report to Singapore unit: sources
Chip design workers at Chinese tech giant ByteDance, many based in Beijing or Shanghai, unexpectedly found out last week that they are…
Business
Starbucks China valued at about US$5 billion by bidders, sources say
Most of the bidders seeking to buy a portion of Starbucks’ China operations have submitted offers valuing the business at as much as US$5…
News
US tells countries to reject UN ship fuel emissions deal or face tariffs: sources
The United States has told countries to reject a United Nations’ marine fuel emissions-cutting deal or face tariffs, visa restrictions and…
Business
Bukom refinery exports rare naphtha cargo: sources
Singapore’s Bukom refinery has exported its first naphtha cargo in years following a longer-than-expected outage at its cracker, according…
Culture
Aster Chemicals declares force majeure at Singapore naphtha cracker: sources
Singapore’s Aster Chemicals and Energy has declared force majeure on petrochemical supplies from its naphtha cracker on Bukom island,…
Business
Violet Grey Is Snapping Up Cos Bar, Detox Market: Sources
Violet Grey is on a buying spree, sources told WWD. The retailer, founded by Cassandra Grey and owned by both Grey and chief executive…
Business
TikTok owner ByteDance sets valuation at over US$330 billion as revenue grows: sources
ByteDance, the owner of short-video app TikTok, is set to launch a new employee share buyback that will value the Chinese technology giant…
News
Trump weighs using US$2 billion in Chips Act funding for critical minerals, sources say
THE Trump administration is considering a plan to reallocate at least US$2 billion from the Chips Act to fund critical minerals projects…
Fashion
Boeing in talks to sell as many as 500 planes to China: sources
Boeing is heading closer towards finalising a deal with China to sell as many as 500 aircraft, according to people familiar with the…
News
Trump eyes US government stakes in other chip makers that received Chips Act funds: sources
US Commerce Secretary Howard Lutnick is looking into the federal government taking equity stakes in computer chip manufacturers that…
Business
Nvidia working on new AI chip for China that outperforms the H20: sources
Nvidia is developing a new AI chip for China based on its latest Blackwell architecture that will be more powerful than the H20 model it…
Business
Klook taps banks for US IPO: sources
Klook, a travel booking services company, has hired investment banks to help arrange a potential initial public offering (IPO) in the US,…
Fashion
US embeds trackers in AI chip shipments to catch diversions to China: sources
US authorities have secretly placed location tracking devices in targeted shipments of advanced chips they see as being at high risk of…
Business
Temasek-backed ST Telemedia is said to consider selling stake in data centre operator GDS: sources
ST Telemedia (STT) is considering selling its holding in Chinese data centre operator GDS Holdings, people familiar with the situation…
Business
SoftBank selects banks for US IPO of payments app PayPay, sources say
SOFTBANK has selected investment banks to help organise a potential initial public offering in the United States for its Japanese payments…
Business
China tells brokers to stop touting stablecoins to cool frenzy: sources
China told local brokers and other bodies to stop publishing research or hold seminars to promote stablecoins, seeking to rein in the…