The group said it would use funds to form a decentralised autonomous organisation to build the community around play-to-earn games
A senior executive said the company does not intend to halt investments but will instead handle them through its existing divisions
Once touted as the biggest challenger to Starbucks’ dominance in China, Luckin was delisted from the Nasdaq exchange in June 2020
LIC has also secured Goldman Sachs, Nomura, and a Singapore pension fund as anchor investors, a person familiar with the matter said.
The region’s markets tracked Wall Street’s losses with traders worldwide spooked by soaring prices and an imminent end to the era of easy money
Low infection rates have allowed BHP as well as rivals Rio Tinto and Fortescue Metals Group to keep running mines at maximum output
Despite the slowdown, existing foreign groups applied to launch a new high of 74 funds last year, a 220% jump from 2020
India’s fast-rising Russian oil imports are being matched by its rising oil exports suggesting it may be reselling Russia’s oil to the West.
US tech giant Apple told its Taiwan suppliers that products moving to China must be labelled to state that the island is a part of China and not an independent nation
Despite a moribund British economy and heavy corporate tax, Indian-owned tech firms are growing in the UK.
The 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.