SoftBank posted a 2.93 trillion Japanese yen ($21.68 billion) loss for the June quarter for its Vision Fund. This is its second-largest quarterly loss.
Malaysia's sovereign wealth fund Khazanah Nasional has defended its decision not to make an early investment in Southeast Asia's ride-hailing superapp Grab.
Burjeel Holdings on Thursday reported record full-year 2021 revenue of 3.35 billion UAE dirhams ($912m) and a profit for the year of 234 million UAE dirhams.
"Business momentum is a bit mixed. Our corporate lending activities are actually doing quite well. And so the balance sheets continue to grow," DBS Group CEO Piyush Gupta said.
Asia-Pacific shares traded higher on Thursday as investors move on from the tensions over U.S. House Speaker Nancy Pelosi's controversial visit to Taiwan.
It took just nine months for these Stanford dropouts to bring Zepto to a valuation of $900 million. Here's their advice on how to build a successful business.
For Xpeng, the move marks its ambitions to pull ahead in China's fiercely competitive electric vehicle market and attempt to challenge giants Tesla and BYD.
Local media reports citing unnamed sources said Pelosi would go ahead with her visit to Taiwan, a self-ruled island that China sees as a runaway province.
Zepto's latest cash injection valued the business at $900 million — just nine months after its launch.
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