Chinese citizens are stocking up on antiviral flu drugs, sending e-commerce sales volume up over 100-fold from a year ago, as a spike in infections triggers panic and hoarding following the country’s chaotic exit from the Covid-19 pandemic.
ByteDance Ltd. was valued at around $220 billion in a recent private-market investment by Abu Dhabi AI firm G42, a significant discount to the $300 billion that TikTok’s owner set during a recent share buyback program.
HKBN Ltd. is attracting interest from private equity firm PAG, people familiar with the matter said, setting up a potential bidding war with I Squared Capital for the Hong Kong broadband provider.
US prosecutors were investigating Signature Bank’s work with crypto clients before regulators suddenly seized the lender this past weekend, according to people familiar with the matter.
Regulators should have been focusing on the signs of looming failure in the traditional banking system instead of blocking decentralized financial platforms, Cathie Wood said.
South Korea’s president sees a deal to end a feud with Japan opening the way to better business ties between the neighbors that could bolster global supply chains of semiconductors and steady their economic relations with China.
America’s largest owner of local sports channels filed for bankruptcy after its efforts to pivot its business model was stymied by its unwieldy balance sheet.
Coinbase Global Inc. has joined with Standard Chartered in Singapore to provide its users an option to move funds between any lender and the cryptocurrency exchange at a time when banking options for digital token service providers are dwindling.
The company behind former President Donald Trump’s Truth Social has trimmed staff while awaiting regulatory approval for a merger that offers a financial lifeline, according to two people with knowledge of the matter.
Chinese President Xi Jinping is rebooting his image as a global statesman — and he’s already got a significant win under his belt.
