QQ says assets under management rose to about US$1 billion ($1.37 billion) last month, with most of the money coming from Qian. ( read original story ...)
Instant View: Analysts react to suspension of Ant Group’s mega IPO
The Shanghai and Hong Kong stock exchanges on Tuesday suspended Ant Group's IPO, which was initially set for Thursday, in a stunning setback for what was on track to be the world's largest-ever share ... ( read original story ...)
INSTANT VIEW-China halts Ant Group’s mega IPO
The Shanghai and Hong Kong stock exchanges on Tuesday suspended Ant Group's IPO, which was initially set for Thursday, in a stunning setback for what was on track to be the world's largest-ever share ... ( read original story ...)
Ant Group IPO Suspended in Hong Kong And Shanghai; Alibaba Shares Slump
Shanghai Stocks Exchange officials have suspended Ant Group's $37 billion IPO, the biggest on record, following changes to the digital payment company's information filing. ( read original story ...)
Hong Kong-Singapore travel bubble could begin in November, Hong Kong finance secretary says
The city is talking to 10 other countries about travel bubbles, and discussions with Thailand and Japan are "more advanced," said Financial Secretary Paul Chan. ( read original story ...)
What Ant Group’s world beating IPO means for Asia’s mobile payment giants
The Chinese behemoth spies great riches in the untapped market of Southeast Asia, but home-grown unicorns like GoPay and GrabPay will put up fierce resistance – as will smaller players who decide to ... ( read original story ...)
S’pore nearly replaces Thailand as Asia’s worst stock market this year
Singapore stocks took a beating last week amid the twin uncertainties of the United States election and the worsening pandemic in the West, almost replacing Thailand as Asia's worst equity market this ... ( read original story ...)
Singapore: Small business get help in restructuring debts under new schemes; only four Covid-19 cases
Help is at hand for small firms in financial distress due to Covid-19. One initiative will assist sole proprietors or partnerships restructure unsecured debt such as credit card bills or loans secured ... ( read original story ...)
Singapore Bourse Poised To Snap Losing Streak
The Singapore stock market has moved lower in four straight sessions, sliding almost 90 points or 3.6 percent along the way. The Straits Times Index now sits just above the 2,450-point plateau ... ( read original story ...)
Singapore payments startup hoolah pushes ahead with expansion amid pandemic
“Over the past six months, website visitors have increased by 500 per cent, with a sevenfold increase in total transactions made via the platform,” hoolah’s CEO and co-founder Stuart Thornton told ... ( read original story ...)
Landmark Singapore IPO Turns Professor Into a Multimillionaire
Load Error The IPO raised more than S$470 million, taking the company’s market value to S$1.9 billion and marking the largest primary listing on the Singapore exchange since 2017 excluding real estate ... ( read original story ...)
Inside Ant Group’s IPO: investors scramble for entry into golden ticket event
Singapore's GIC and Temasek ... Overseas investors piled into Hong Kong ahead of the Ant IPO and other big listings, illustrated by the more than HK$383.51 billion (US$49.49 billion) that has flowed ... ( read original story ...)
Leslie’s Pops 30%, Allegro Jumps 41% in IPO Debuts
Leslie’s, the pool and spa retailer, led a trio of companies going public Thursday after several others pulled their offerings. ( read original story ...)
WeWork Contemplates Another IPO Attempt After Disastrous Last Try
After a year of savage cuts and restructuring following a disastrous IPO attempt that saw then-CEO Adam Neumann evicted and the company’s value plummet, WeWork’s new head says he finally sees ... ( read original story ...)
WeWork’s New CEO Is Eyeing an IPO Again — After He Turns Profit
WeWork is on track to turn profitable in 2021 and will then revisit plans for an initial public offering, Chief Executive Officer Sandeep Mathrani said, a year after the startup’s IPO fiasco prompted ... ( read original story ...)
Singapore’s Biggest Bank DBS To Launch Cryptocurrency Trading And Custody
DBS, Singapore’s largest retail and commercial bank, is planning to launch a cryptocurrency exchange after it gets all the required regulatory approvals. ( read original story ...)