Technology - CybAI news

16 Aug

EQT to Buy Online Property Firm PropertyGuru for $1.1 Billion

stp2y0 CommentsRAG modelsCAPITAL ASIA, EQT AB, KKR & CO INC, Malaysia, new york, Private Equity, PROPERTYGURU GROUP LTD, Singapore, Southeast Asia, Technology, TPG INC

EQT AB agreed to buy New York-listed PropertyGuru Group Ltd. in an all-cash deal valuing the online property search company at $1.1 billion.The agreement amounts to $6.70 per share — a 52% premium to PropertyGuru’s close on May 21, which the company said was the last unaffected day of trading before reports on a potential transaction, according to a statement on Friday. Bloomberg News reported at the time that KKR & Co. and TPG Inc., which together own about 56% of PropertyGuru, were working with an adviser to gauge interest from investors in a buyout. Source link lol

16 Aug

Taiwan Turns Less Upbeat on Exports in Lowering Economic Outlook

stp2y0 CommentsRAG modelsartificial intelligence, Consumer Spending, Economic Growth, Exports, GDP, Government, jobs, taiwan, TAIWAN SEMICONDUCTOR MANUFAC, Technology, Wealth

Taiwan revised down its estimate for economic growth in 2024 after three straight upgrades, projecting a smaller increase in exports but remaining optimistic about overseas demand for artificial intelligence-related products.Gross domestic product is set to expand 3.9% this year, down from a previous estimate of 3.94% by the statistics bureau in May, according to a statement on Friday. In the first projection of next year’s growth, it said GDP will grow 3.26%. Source link lol

16 Aug

Software Firm AvePoint Said to Weigh Second Listing in Singapore

stp2y0 CommentsRAG modelsCapital Markets, infrastructure, IPOs, JARDINE MATHESON HLDGS LTD, New Jersey, new york, Singapore, software, Southeast Asia, Technology, TOP GLOVE CORP BHD

AvePoint Inc. is considering a second listing in Singapore, people with knowledge of the matter said, in a deal that would bring the US infrastructure software firm a step closer to some of its backers in Southeast Asia.AvePoint, which counts Singapore’s 65 Equity Partners among its investors, is working with advisers on a possible listing, the people said, asking not to be identified as the matter is private. The potential capital markets transaction could take place as early as in the next 12 months, the people said. Source link lol

16 Aug

Jack Ma-Backed Ant Weighs Buying Health-Care Platform Haodf

stp2y0 CommentsRAG modelsartificial intelligence, BEIJING HAODF ONLINE NETWORK, business, China Renminbi Spot, fintech, Government, Markets, regulation, startups, Technology, TENCENT HOLDINGS LTD, Wealth Management

Jack Ma-backed Ant Group Co. is in discussions to acquire Chinese online platform Haodf.com to beef up its artificial intelligence services in health care, according to people familiar with the matter.The fintech company is seeking to integrate its technology with a platform like Haodf that provides online consultations with doctors, the people said, requesting not to be named because the discussions are private. The deliberations are still preliminary and could be subject to change, the people said. Source link lol

16 Aug

SoftBank Is Picking Stock Winners in India’s Red-Hot IPO Market

stp2y0 CommentsRAG modelsartificial intelligence, Earnings, india, IPOs, Markets, Masayoshi Son, Mumbai, OLA ELECTRIC MOBILITY LTD, SOFTBANK GROUP CORP, software, Technology, UNICOMMERCE ESOLUTIONS LTD

India’s hot market for share sales is delivering wins for Japanese technology investor SoftBank Group Corp., whose own stock has taken a hit from disappointing earnings and a reality check on artificial intelligence.Three firms backed by SoftBank have made solid Mumbai debuts in the past week. Shares of e-scooter maker Ola Electric Mobility Ltd., the biggest of the initial public offerings, have surged more than 60%. Software maker Unicommerce eSolutions Ltd.’s shares are already up more than 80% while baby-products retailer Brainbees Solutions Ltd.’s have gained about 40%. Source link lol

16 Aug

Chinese Tech Stocks Rally as JD.com Spurs Earnings Optimism

stp2y0 CommentsRAG modelsALIBABA GROUP HOLDING-SP ADR, Bear Market, china, E-commerce, Earnings, HANG SENG INDEX, JD.COM INC-ADR, policy, stocks, Technology, TENCENT HOLDINGS LTD

Chinese technology stocks gained as resilient earnings from major e-commerce firms helped soothe concerns over weak consumption. The Hang Seng Tech Index rose as much as 2.2%, poised for its best day in August. JD.com Inc. contributed to about a third of the index’s gains after shares jumped more than 9% following a strong profit beat. Alibaba Group Holding Ltd. rose over 4% as traders focused on positive elements of its mixed results. Source link lol

16 Aug

Top Chinese Chip Gear Maker Sues Pentagon to Void Sanctions

stp2y0 CommentsRAG modelsAPPLIED MATERIALS INC, Beijing, china, Department of Defense, Economic Sanctions, Gerald Yin, Information Technology, LAM RESEARCH CORP, military, National Security, Technology

One of China’s most prominent chip gear makers is suing the Pentagon for linking it to the People’s Liberation Army, seeking to get off a blacklist that bars business with American firms.Advanced Micro-Fabrication Equipment Inc. alleged that the defense agency harmed the company’s business and reputation by adding the Shanghainese entity to the so-called Section 1260H list of firms linked to China’s military. Pentagon officials took months to respond to a request for additional information, then justified their decision with evidence of an award from China’s Ministry of Industry and Information Technology, AMEC said in its lawsuit. Source link lol

16 Aug

Geely, Xpeng, Xiaomi Boosted by Strong Vehicle Sales Amid Threats From EU Tariffs

stp2y0 CommentsRAG modelsadvertising, artificial intelligence, china, China Renminbi Spot, Earnings, Economic Growth, europe, GEELY AUTOMOBILE HOLDINGS LT, Markets, NETEASE INC-ADR, Technology, XIAOMI CORP-CLASS B

Chinese automakers including Xpeng Inc., Geely Automobile Holdings Ltd. and Xiaomi Corp. should all report higher vehicle sales, though challenges remain as competition heats up and the European Union moves ahead with tariffs.The EU is hiking tariffs on EVs made in China by as much as 48%, citing subsidies that harm the bloc’s carmakers that have been struggling to keep up with China’s new generation of green car manufacturers. Chinese EV makers including Geely are responding by working with European partners to bypass tariffs. Source link lol

16 Aug

Japan’s Foreign Trade Law Adds Chip Gear to Secure Supply Chains

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Japan has decided to apply foreign trade regulations to chipmaking equipment as part of its efforts to secure stable supply chains, the Ministry of Finance said on Friday. Foreign investors are now required to give prior notice when conducting direct investment in equipment tied to chipmaking, including acquiring a 1% or bigger stake in a listed company or buying shares in an unlisted company, the ministry said. Source link lol

16 Aug

Alibaba’s Long-Awaited China Stock Link May Provide Timely Boost

stp2y0 CommentsRAG modelsALIBABA GROUP HOLDING-SP ADR, artificial intelligence, china, E-commerce, Hong Kong, Inclusion, Markets, MEITUAN-CLASS B, Shanghai, Shenzhen, Technology, TENCENT HOLDINGS LTD

Chinese investors finally being able to buy shares of Alibaba Group Holding Ltd. may provide a much-needed boost for the e-commerce firm’s stock, with an inflow of up to about $20 billion into next year.The company first hatched the plan for an upgrade to a primary listing in Hong Kong two years ago amid heightened tensions with the US. It may at last be realized by the end of the month, paving the way for it to join a program that connects the Shanghai and Shenzhen bourses to the Hong Kong exchange. Source link lol