Posts by Yurie Miyazawa
Singapore biotech firm Mirxes launches IPO in Hong Kong to raise HK$1 billion
[SINGAPORE] Singapore biotech start-up Mirxes launched its initial public offering (IPO) in Hong Kong on Thursday (May 15) as it seeks to raise HK$1.09 billion (S$181 million) to further grow the business. The cancer diagnostics company, which once applied to list on the Singapore Exchange (SGX), is offering 46.62 million shares at HK$23.30 each. Some…
Read MoreTikTok charged with breaching EU online content rules
TikTok also faces a second DSA investigation into its management of risks related to elections Published Thu, May 15, 2025 · 06:52 PM [BRUSSELS] Social media app TikTok was charged by EU tech regulators on Thursday (May 15) with breaching EU online content rules, putting its owner ByteDance at risk of a fine of as…
Read MoreAlibaba misses revenue estimates as it fights for China e-commerce market dominance
[BENGALURU/SHANGHAI] Chinese e-commerce giant Alibaba reported quarterly revenue that missed Wall Street estimates on Thursday (May 15), as the company works on new strategies to keep consumers spending amid persistent economic weakness and global trade uncertainties. US-listed shares of the company fell more than 4 per cent in premarket trading. They have risen about 58…
Read MoreSingapore shares gain as investors take stock of earnings reports; STI increases 0.5%
Across the broader market, losers beat gainers 283 to 238, as 1.4 billion securities worth S$1.5 billion change hands [SINGAPORE] Local stocks climbed on Thursday (May 15), as investors assessed financial results from listed companies here. The benchmark Straits Times Index added 0.5 per cent or 20.89 points to 3,891.94. Across the broader market, losers…
Read MoreMore investors demanding transparency from private markets: Aladdin
[SINGAPORE] Investors today want to know what their money is going into – even within private market assets, said Tarek Chouman, global head of Aladdin Client Business at Blackrock. “People are expecting to understand where their money is going, which company is being held by the fund, how the company is performing against the expectations…
Read MoreMore investors demanding transparency from private markets: BlackRock’s Aladdin
[SINGAPORE] Investors today want to know what their money is going into – even within private market assets, said Tarek Chouman, global head of Aladdin Client Business at BlackRock. “People are expecting to understand where their money is going, which company is being held by the fund, how the company is performing against the expectations…
Read MoreCordlife jumps 48% to S$0.23 on partial offer from Thai-listed Medeze
The stem cell company is seeking to acquire about 25.6 million shares at S$0.25 apiece [SINGAPORE] Shares of Cordlife surged by over 48 per cent on Thursday (May 15), after the company lifted its trading halt earlier in the morning, which had been put in place on Tuesday. This came after a voluntary conditional cash…
Read MoreNissan is rolling out big cuts. Turning around sales will prove harder
[TOKYO] Nissan’s new chief executive Ivan Espinosa faces an uphill task turning around the troubled Japanese automaker with no guarantee it can reverse sliding top-line sales, analysts said, even as he moves to slash costs. With a lack of fresh models, new tariffs in its biggest market, and sharp competition from local and Chinese rivals,…
Read MoreStarbucks is said to start process to revamp vast China business
[HONG KONG] Starbucks has contacted private equity (PE) firms, technology companies and others as it considers options for its China business, including a possible stake sale, according to sources familiar with the matter. The coffee chain sent out letters via a financial adviser to several potential investors this week to solicit views on the China…
Read MoreQatari jet gift turns spotlight on Trump graft allegations
[WASHINGTON] Donald Trump vowed to be a dictator only on his first day back in office, but his critics say four months of corruption “bigger and more brazen” than in his scandal-plagued first term is beginning to alienate supporters. The US president’s decision to accept a luxury jet from Qatar is the latest in a…
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