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The company sold 1.5 billion shares in the deal, its second attempt to list in Hong Kong in a matter of weeks
Eligible Tencent shareholders will be entitled to one share of JD.com for every 21 shares they hold and in total the firm will distribute 457.3 million shares
India was placed fourth when it comes to the number of companies valued at over $1 billion last year but the US and China, who occupy the first two ranks, are way ahead
China's market regulator said on Wednesday that it had approved the acquisition deal – but with conditions
Agency said football club's promotion "trivialised investment in crypto-assets and took advantage of consumers’ inexperience or credulity"
MIIT said it received a report from a third party about the issue, prompting officials to suspend a cooperative partnership
Zero or negative interest rates incentivise risky investing and many are putting money into higher-risk asset classes for the first time in pursuit of returns
Rei Ishii, an employee of Sony Life Insurance Company in Tokyo, allegedly diverted the money in May when the company attempted to transfer funds between its accounts
The public issue comprises fresh issuance of equity shares worth 12.5 billion rupees and an offer for sale of 30,700,000 equity shares, according to the draft red herring prospectus
Apple supplier Foxconn's plant near Chennai in southern India will remain shut this week following protests sparked by a food poisoning incident, government officials said on Tuesday
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Southeast AsiaCan Singapore Oust Hong Kong To Be Asia’s Fintech Leader? -
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With a market cap of$240 billion, chipmaker ASML is Europe’s most valuable tech company. Its market-leading position comes from its monopoly in Extreme Ultraviolet Lithography (EUV) machines which allow chipmakers to make smaller, faster and smarter semiconductors
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PaymentsCan China Take Place of SWIFT System? Analysts Say ‘No’There is no global payment system that is strong enough to act as an alternative to SWIFT and enable Russia to evade sanctions
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MarketsChina Becomes World’s Second-Biggest Bitcoin Mining HubThe Bitcoin mining ban in China last year had collapsed its crypto markets. Despite that, the country has reemerged as a major bitcoin mining hub, according to research by the UK's University of Cambridge.
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Market InsightsHere’s How China Can Win the Tech War With USAThe Chinese government is doubling down on incentives for innovation, which it believes to be the cornerstone of its future growth and international position.
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Fintech InsightsAsia Becomes the Epicentre of Global NFTsAsia is the frontrunner in the NFTs craze with Central and Southeast Asia accounting for 35% of the $22 billion in global trade
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