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...Singaporean sovereign wealth fund GIC acquired a 35 per cent stake in Spain’s Hotel Investment Partners from Blackstone Group, while Abu Dhabi Investment Authority, one of Abu Dhabi’s sovereign wealth funds...
...Most of the group’s business comes from China, where ByteDance runs TikTok sister app Douyin and a growing in-app ecommerce business....
...Among the 18 approved processors were chips from Huawei and state-backed group Phytium. Both are on Washington’s export blacklist....
...Billions of dollars of ByteDance RSUs vested last year after the group, in an effort to appease employees, waived a “liquidity event” trigger for the stock units....
...The group is also building a plant in Mexico that is expected to come online in 2026....
...The stand-off is among the most heated clashes between tech giants and media groups in recent memory, as they battle for control over the future of entertainment....
...Welker is a partner at Sherborne, the investment group that led the break-up of former Hostmore owner Electra in 2021....
...Called Australian Wine Holdco, the consortium also includes asset managers Intermediate Capital Group, Capital Four, Sona Asset Management and Samuel Terry Asset Management....
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...Xiaomi sales surged 34 per cent to attain a 14 per cent market share, as the Beijing-based electronics group experienced a wave of publicity surrounding the debut of its electric car....
...The group’s bumper profits last year compare with $700mn of net income for 2022 and $1.1bn in 2021....
...Elon Musk made Tesla the world’s most valuable carmaker and one of the “magnificent seven” US tech groups by outflanking incumbents in luxury EVs....
...Falling market share and sales figures reported this month indicate the two groups face rising competition and the whiplash of US-China geopolitical tensions....
...Tesla and Nvidia offer more growth and even higher valuations (although when you scale Nvidia’s valuation to its near-term growth rate, using a PE/growth ratio, it surprisingly looks the cheapest of the group...
...Many globalised Japanese groups have become adept at straddling and navigating the US and Chinese markets even as geopolitics push Washington and Beijing further apart....
...While Tesla sales growth has been driven by its Model 3 and Model Y cars, the group is not expected to release its next mass-market vehicle until late in 2025....
...The Japan Exchange Group, which controls the Tokyo stock market, on Monday publicly named 660 of the 1,656 companies listed on its Prime section as having complied with its request to outline plans to raise...
...TikTok has partnered with US cloud software group Oracle to build a standalone unit to wall off American user data....
...Middleton handled Lehman’s liquidation with “speed and aggression”, the former colleague said, including agreeing to sell its Asia-Pacific franchise to Nomura within days of the bank’s collapse....
...New layers of hospitality seating and luxury experiences cater to wealthier types of audiences....
...The group reported margins for its auto business of 23.02 per cent last year, 2.63 percentage points higher compared with the previous year....
...China’s auto manufacturing sector has hovered around 70 to 75 per cent in recent quarters, below the range of 76 to 82 per cent that prevailed before 2020, according to Gavekal Research, a Beijing research group...
...Alibaba Cloud has distributed the majority of its advanced GPUs to business units within the Alibaba Group, said two employees of the cloud business....
...The two firms had developed a thesis that travel would bounce back sharply after the global lockdowns with beaten-down travel and hospitality companies benefiting the most....
...For some decades, Hawaii has been a favourite playground for Japanese tourists, consistently in the top three most visited overseas destinations and the go-to spot for golf-tours, group getaways, marriage...
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