Leadership
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...
Fraud concerns raise red flags for India’s booming tiny IPOs
A STRING of accounting frauds unearthed by India’s securities regulator this month poses another risk to the blistering rally in shares of tiny businesses.Varanium Cloud and Add-Shop E-Retail –...
Chinese EV giant BYD to unveil plug-in hybrid pickup in Mexico
BYD, the leader in electric vehicles (EVs) in China, plans to debut its first truck in Mexico, next door to the world’s largest pickup market. BYD is set to...
Haidilao restaurant operator Super Hi targets US$1.38 billion valuation in US IPO
SUPER Hi International, which operates the Chinese hotpot restaurant chain Haidilao outside China, said on Monday (May 13) it was targeting a valuation of US$1.38 billion in its initial...
Meta exploring AI-assisted earbuds with cameras
META Platforms is exploring making earphones powered by artificial intelligence (AI) with cameras, The Information reported on Monday (May 13) citing employees familiar with the matter.A slew of companies,...
