Bloomberg Tech

Sea’s Path to Profit Paved With Layoffs, Single-Ply Toilet Paper

Just over a year ago, Forrest Li was laid up in bed with Covid, fretting about the future of his company, Sea Ltd. So he propped himself up on a pillow to hammer out the latest in a series of memos that would change the course of his business — and perhaps the tech industry.

Tycoon’s Daughter Fails to Cash in Shinawatra Magic in Thai Vote

When Paetongtarn Shinawatra cast her ballot early on Sunday, the latest member of the influential Shinawatra family to join Thai politics exuded confidence in her Pheu Thai party securing a landslide win. By late evening, it became clear the reformist Move Forward party had outperformed it — the worst performance of her family-led party’s election bids.

Picket Lines, Tight Budgets Confront TV Networks Pitching Shows

As if a shrinking audience of traditional viewers and advertisers pulling back in a wobbly economy weren’t enough, TV networks will have to confront picket lines of striking writers this week as they present their fall lineups to media buyers.

Egypt Sells 9.5% Stake in Telecom Egypt for $121 Million

Egypt sold a 9.5% stake in state-run Telecom Egypt Co., raising more than 3.7 billion Egyptian pounds ($121 million) in a signal to investors that the country is serious about implementing a sweeping economic reform program.