Leadership
China’s Alibaba beats quarterly revenue estimates, profit drops
CHINA’S Alibaba Group Holding beat analysts’ estimates for fourth-quarter revenue on Tuesday (May 14), as a focus on low-cost goods in response to cautious consumer spending helped boost domestic...
China’s Alibaba profit tumbles 86% though revenue beats estimates
CHINA’S Alibaba Group Holding reported an 86 per cent plunge in fourth-quarter profit on Tuesday (May 14) primarily due to valuation changes from equity investments, pushing its US-listed shares...
Stellantis, Leapmotor to start sales of budget EVs in nine European countries in September
AUTOMAKER Stellantis will start to sell electric vehicles (EV) from its Chinese partner Leapmotor in nine European countries from September to expand its offer of budget cars, CEO Carlos...
China’s Tencent posts strong revenue growth as ad sales and business services shine
CHINA’S Tencent Holdings posted a 6 per cent rise in first-quarter revenue on Tuesday (May 14), beating analyst expectations, as business services and advertising sales deliver strong revenue growth.
The...
IPhone maker Hon Hai misses profit estimates in a China downturn
Hon Hai Precision Industry reported a weaker-than-expected profit in the first quarter as demand for iPhones remained sluggish in China. The Taiwanese company reported net profit of NT$22 billion (S$918.4...
Blackstone-led consortium eyes snacks business of India’s Haldiram’s: sources
A CONSORTIUM including Blackstone, Singapore state fund GIC and Abu Dhabi Investment Authority (Adia) is in talks with India’s Haldiram’s for a majority stake in its snacks business at...
Uber Eats to buy foodpanda Taiwan business from Delivery Hero
UBER Technologies is buying Delivery Hero’s foodpanda business in Taiwan for US$950 million.The all-cash deal, subject to regulatory approval, is expected to close in the first half of 2025,...
Cordlife shareholders vote to remove 3 directors, including co-founder Ho Choon Hou, from board
SHAREHOLDERS of embattled private cord-blood bank Cordlife Group : P8A 0% voted to remove several directors from its board at the company’s annual general meeting (AGM) on Tuesday (May...
