Tinder Parent Match To Buy Korean Social Media Firm Hyperconnect For $1.73B Match Group Inc has agreed to buy Softbank Group-backed South Korean social media firm Hyperconnect for $1.73 billion, as the owner of Tinder and Hinge looks beyond romantic connections to help users make friends across geographies.
Faster or Longer? Taiwan’s MediaTek Launches 5G Modem Chip That Lets Manufacturers Decide Taiwan-based semiconductor developer MediaTek has announced the launch of a new 5G modem chip it says could give device makers more flexibility to choose between faster transmission or signals over longer distances.
ThaiBev Said To Be Preparing To File For Biggest Singapore IPO In Years Bangkok-based beverage group ThaiBev will lodge a filing to list its brewery business on the Singapore Exchange (SGX) as early as next week, the Financial Times reported citing several sources familiar with the matter. The proposed offering could raise about $2 billion and would value ThaiBev’s beer-making unit at up to $10 billion, the report added, making it the largest initial public offering (IPO) in the city-state in at least eight years.
Didi Is Close To Raising $1.5 Billion For Trucking Unit Didi Chuxing Technology Co. is close to finalizing a $1.5 billion round of funding for its on-demand trucking unit from investors including Temasek Holdings Pte, surpassing its fundraising target as investors count on a Chinese economic recovery to fuel shipping.
Huawei to Establish Biggest-Ever Overseas Flagship Store in Riyadh Chinese tech giant Huawei plans to set up a flagship store in Riyadh in an effort to grow the influence of its digital products and services in Saudi Arabia, as the kingdom expands access to internet services, Reuters reported on Friday, citing the country’s investment ministry.
【Exclusive】PayTM First Games Enters Horse Betting PayTM First Games (PFG) will also be the official online betting and live streaming partner for Royal Western India Turf Club (RWITC) which conducts horse racing in Mumbai and Pune. Live streaming permissions were granted for the initial races of the season in Pune in Nov 2020 to PFG. The Classics at RWITC started in Jan 2021 and the whole partnership has gone live with users now given the option of watching the live stream of the races and betting on the races as well.
Reliance Plans To Embed Its E-commerce App JioMart In WhatsApp Billionaire Mukesh Ambani’s Reliance Retail Ltd plans to embed its e-commerce app JioMart into WhatsApp within six months, allowing the 400 million users of India’s most popular messaging service order products without having to leave the app, two officials aware of the development said, requesting anonymity.
Tencent Music to Buy Audiobook Platform Lazy Audio for $416 million Tencent Music Entertainment Group (TME), a unit of internet giant Tencent, is expanding its business scope with a deal to buy Lazy Audio, a Chinese provider of audio entertainment including audiobooks, comedies, podcasts and radio shows.
South Korea's Hanwha Leads $300M Round in Grab's Financial Services Arm Southeast Asian ride-hailing and food delivery giant Grab said on Thursday it has raised more than $300 million from investors led by South Korea’s Hanwha Asset Management Co. Ltd for its fast-growing financial services business.
Tesla Rival Xpeng Motors Into New Year Fueled By New Credit Line China’s electric vehicle startups have become investor darlings in the last year, with Nio, Xpeng and Li Auto all raising billions of dollars from the sale of their American depositary shares (ADSs) to expand their business and accelerate technological developments.