Tencent plans to sell all or a bulk of its R400-billion stake in food delivery firm Meituan to placate domestic regulators, sources said.
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Just 18 months ago, Tencent Holdings was on the cusp of becoming Asia’s second trillion-dollar company. No more.
The Takeover Regulation Panel has accused Rain of flouting companies regulations in announcing its plan to approach Telkom’s board about a merger.
DataProphet, a player in artificial intelligence and autonomous manufacturing technologies, has secured a further $4.5-million in series-A funding from existing investors.
Elon Musk sold $6.9-billion of his shares in Tesla, his biggest sale on record, saying he needed cash in case he is forced to buy Twitter.
African start-ups are expanding into Europe and other parts of the world, betting on providing more affordable services with a growing tech talent pool.
Nvidia warned its second quarter revenue would drop by 19% on weakness in its gaming business, sending the chip designer’s shares tumbling.
As funding for start-ups falls across the globe, Africa is standing out as a notable exception.
Apple’s share price has surged in recent weeks and is heading for its biggest monthly gain in almost two years. Its latest earnings release will test that.
British International Investment, the UK government’s development finance arm, plans to invest $6-billion over the next five years.