Politics
US lawmakers say TikTok joint venture deal needs scrutiny from Congress
Some US lawmakers on Friday (Jan 23) said a deal by TikTok’s Chinese owner ByteDance to establish a majority American-owned joint venture…
Tag
Venture
Politics
TikTok has finalized its U.S. joint venture, ending saga over its fate
The long and winding road over the fate of TikTok — the enormously popular social video platform that has been a force in American youth…
Business
Thailand approves US$2 billion PCB manufacturing investment by joint venture
Thailand’s investment board said on Monday (Jan 19) it had approved an investment worth US$2.08 billion by a joint venture led by Taiwan’s…
Business
TikTok secures its future in the U.S. with agreement for new joint venture
TikTok has finalized a deal with Oracle and two other investors that will allow the popular social video platform to continue its business…
Business
GM is in talks to extend China venture with demand recovering
Foreign automakers have scaled back in the Asian nation as domestic players have taken greater control of the market General Motors (GM)…
Politics
Trump administration orders Delta, Aeromexico to end joint venture by Jan 1
The Trump administration said late on Monday it was ordering Delta Air Lines and Aeromexico to unwind a joint venture by Jan 1 that let…
Business
GIC takes 25% stake in Spain’s broadband venture
Sovereign wealth fund GIC will take a 25 per cent stake in a fibre optic broadband venture between MasOrange, partly owned by France’s…
Business
Palmer Luckey's Anduril leads second quarter surge for venture capital in greater L.A.
Venture capital investments in the Greater Los Angeles region more than doubled to $5.8 billion in the second quarter, compared to a year…
Business
China venture capital funds tap global investors for US$2 billion in comeback
China’s largest venture capital houses are tapping the market for at least US$2 billion in new funds, re-engaging with the country’s…
Business
CATL breaks ground on US$6 billion Indonesia battery venture
world’s top maker of electric-vehicle batteries broke ground on a US$6 billion battery material ecosystem in Indonesia as the government…
Business
Venture capital investment is rising in Los Angeles — and not just for AI startups
Early this year, private equity firm Blackstone bet big on the future of artificial intelligence by investing $300 million in a Chatsworth…
Business
Grand Venture Tech’s Q1 after-tax net profit up 27.7% to S$2.6 million
Manufacturing-service provider Grand Venture Technology (GVT) on Tuesday (Jun 3) posted a first-quarter net profit after tax of S$2.6…
Business
Independent director Chua Kee Lock acquires venture shares on open market
Over the five trading sessions from May 23 to May 29, institutions were marginal net sellers of Singapore stocks, with net institutional…
News
Joint venture by Boustead Projects’ unit clinches JTC tender to develop industrial facility on Tukang Innovation Drive site
The site is the first under the Industrial Government Land Sales Programme to be awarded with an additional three years of lease A joint…
Business
Rory McIlroy and Investment Giant TPG Team Up for Sports Venture
Fresh off finally securing a career grand slam with a thrilling win at the Masters, Rory McIlroy, the world’s second-ranked golfer, is…
Business
Keppel enters joint venture to develop 19 plots of land in Tianjin
Agreement includes Keppel’s divestment of 30% stake in property developer Tianjin Fulong Keppel Ltd said its wholly owned subsidiaries…
Business
Stocks to watch: ST Engineering, SGX, SIA, DBS, UOB, Venture, YZJ Shipbuilding, CapitaLand Investment
The following companies saw new developments that may affect trading of their securities on Thursday (Apr 10). ST Engineering: The company…
Business
Venture capitalist Finian Tan of US$33.3m duped in alleged nickel scam
Well-known venture capitalist Finian Tan told the High Court on Tuesday (Apr 8) that he was red-faced by the loss to alleged fraudster Ng…
Business
Microsoft venture Wicresoft to halt China operations, cutting 2,000 jobs: report
The move is in line with Microsoft’s decision to stop outsourcing after-sales support in China to Wicresoft Microsoft’s joint venture…
Business
Intel, TSMC recently discussed chipmaking joint venture: report
Intel and Taiwan Semiconductor Manufacturing Company (TSMC) have recently discussed a preliminary agreement to form a joint venture to…
Business
John Thornton, Venture Capitalist Who Founded The Texas Tribune, Dies at 59
John Thornton, a financier who leveraged his wealth and influence to embark on the seemingly quixotic mission of reviving local journalism…
Business
Venture capitalist Finian Tan sought to invest in alleged scammer Ng Yu Zhi’s nickel business
Well-known venture capitalist Finian Tan was told in August 2020 that someone was keen to invest in his funds. That person turned out to…
Business
Shell completes Singapore refinery sale to Chandra Asri-Glencore joint venture
Shell has completed the sale of its Singapore refinery and refining assets to a Chandra Asri-Glencore joint venture, the company said on…
Business
Singtel’s NCS expands in the Philippines through a joint venture for clients to better access services
NCSI Holdings will acquire a 51 per cent stake in Yondu for a total net consideration of 134 million Philippine pesos NCS, Singtel’s…