Private equity firms confront a $1.5 trillion quandary in China
In just two decades, private equity firms amassed over US$1.5 trillion in assets in China, lured by the promise of hefty returns. However, a perfect [more…]
Category: Business
Bridgewater’s strategic portfolio shift in China
In a surprising move indicative of the evolving landscape in global markets, Bridgewater Associates, the world’s largest hedge fund, has significantly adjusted its investment portfolio, [more…]
Chinese tech giants embrace HarmonyOS as Huawei expands to counter U.S. sanctions
In a strategic move to reduce dependency on Google’s Android ecosystem, major Chinese internet companies are aggressively recruiting app developers for projects centered around Huawei [more…]
Exxon Mobil’s ambitious lithium venture paving the way for electric vehicle dominance
In a groundbreaking move, Exxon Mobil has set its sights on becoming a leading producer of lithium, a crucial component in electric vehicle (EV) batteries. [more…]
Emirates Airline makes historic $52 billion Boeing deal at 2023 Dubai airshow
In a groundbreaking move at the 2023 Dubai Airshow, Emirates Airline has set the stage for the aviation industry’s future by announcing a colossal order [more…]
ICBC’s U.S. financial services division targeted in ransomware attack
In a shocking turn of events, the U.S. financial services division of the Industrial and Commercial Bank of China (ICBC) fell victim to a sophisticated [more…]
Fashion industry faces sustainability struggles with slow adoption of recycled materials
In a bid to make the fashion industry more sustainable, Renewcell, a Sweden-based company, had high hopes for its innovative fiber made from recycled materials. [more…]
United Airlines revamps frequent flyer program to reward big spenders
In an effort to cater to their most loyal customers and adapt to changing travel patterns, United Airlines is set to revamp its frequent flyer [more…]
Nissan announces ambitious plans to expand presence in Brazil
In a move aimed at boosting its foothold in Latin America’s largest economy, Nissan recently unveiled a substantial increase in its investment in its Brazilian [more…]
Miners aim to break China’s dominance in rare earth minerals
In a bid to challenge China’s stranglehold on the production and supply of rare earth metals, several Canadian, German, and Australian mining companies are devising [more…]