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…
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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…
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…
Unsorted
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
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…
Unsorted
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…
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,…
Unsorted
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…
Business
Carro targets US IPO with over US$3 billion valuation: sources
Singapore-based Carro, South-east Asia’s largest used-car online marketplace, is preparing for a US initial public offering as early as…
Business
Chinese streaming platform iQiyi to seeks US$300 million in Hong Kong listing: sources
iyi is seeking to raise US$300 million in a Hong Kong market debut this year, becoming the latest US-listed Chinese firm to tap investors…
Unsorted
Air India taps Singapore Airlines to bolster fleet upkeep after crash: sources
Air India plans to lean on shareholder Singapore Airlines (SIA) to move some aircraft maintenance services in-house instead of outsourcing…
Business
Shein revenue neared US$10 billion in first quarter before tariffs: sources
Shein Group’s net income rose to over US$400 million and revenue was almost US$10 billion in the first quarter as consumers snapped up the…
Business
Sources: Thom Browne CEO Rodrigo Bazan to Exit, Sam Lobban to Succeed
MILAN –Rodrigo Bazan is exiting his role as chief executive officer of Thom Browne at the end of August, WWD has learned. According to…
Fashion
LVMH in talks to offload fashion label Marc Jacobs: sources
French luxury goods group LVMH is in discussions with multiple buyers to offload its fashion label Marc Jacobs, sources familiar with the…
Business
GIC-backed South Korean finance app Toss plans 2026 US listing with over US$10 billion valuation: sources
Toss, a popular South Korean app that provides banking and a host of other financial services, aims to list in the US in the second…