Uncategorized

Xiaomi taps CLSA, Morgan Stanley, Goldman for IPO sponsor role: sources

HONG KONG (Reuters) – Xiaomi has tapped CLSA, Goldman Sachs and Morgan Stanley as joint sponsors for its proposed IPO, …read more Source: Reuters Tech News

Ant Financial says has received approval for new consumer-credit backed securities

BEIJING (Reuters) – China’s Ant Financial Services Group has received approval to issue consumer credit-backed securities to institutional investors and …read more Source: Reuters Tech News

Auto1 says no need for IPO after Softbank invests

BERLIN (Reuters) – German used-car dealing platform Auto1 said a 460 million euro ($561 million) financial infusion from Japan’s Softbank …read more Source: Reuters Tech News

Toymaker Lego teams up with Chinese internet giant Tencent

COPENHAGEN (Reuters) – Danish toymaker Lego is teaming up with Chinese internet giant Tencent Holdings Ltd to jointly develop …read more Source: Reuters Tech News

SoftBank considers IPO for Japan wireless unit, said to seek $18 billion

TOKYO (Reuters) – SoftBank Group Corp said on Monday it was considering listing its Japanese wireless business, seeking to …read more Source: Reuters Tech News

Ford plans $11 billion investment, 40 electrified vehicles by 2022

DETROIT (Reuters) – Ford Motor Co will significantly increase its planned investments in electric vehicles to $11 billion by …read more Source: Reuters Tech News

Singapore central bank head hopes cryptocurrency tech will survive ‘crash’

SINGAPORE (Reuters) – The head of Singapore’s central bank said on Monday he hoped the technologies underpinning cryptocurrencies such as …read more Source: Reuters Tech News

End of a chip boom? Memory chip price drop spooks investors

SEOUL (Reuters) – After a blistering year-and-a-half long surge, a sudden drop in some memory prices, followed by Samsung Electronics …read more Source: Reuters Tech News

SoftBank plans $18 billion IPO of mobile phone unit: Nikkei

TOKYO (Reuters) – SoftBank Group plans to list its mobile phone business and raise some US$18bn, the Nikkei newspaper has …read more Source: Reuters Tech News

South Korea says planned ban on cryptocurrency market not yet finalized

SEOUL (Reuters) – South Korea said on Monday that its plans to ban virtual coin exchanges had not yet been …read more Source: Reuters Tech News