Showing 1 - 10 of 126
Musk merges his AI business into SpaceX
AFP, Published on 03/02/2026
» SAN FRANCISCO - Elon Musk has announced that his rocket company SpaceX will take over his artificial intelligence outfit xAI, as he seeks to raise billions of dollars for his science fiction-worthy outer space projects.
BTS agency HYBE raided over alleged fraud trading
AFP, Published on 24/07/2025
» SEOUL — HYBE, the agency behind Korean pop (K-pop) superstars BTS, was raided by police on Thursday in connection with alleged fraudulent trading involving its founder Bang Si-hyuk, investigators said.
China's Alibaba to invest $50bn in AI, cloud computing
AFP, Published on 24/02/2025
» BEIJING - Chinese tech giant Alibaba said Monday it will spend more than $50 billion on artificial intelligence and cloud computing over the next three years, a week after co-founder Jack Ma was seen meeting President Xi Jinping.
Birkenstock aims to raise up to $1.58 bn in IPO
AFP, Published on 02/10/2023
» BERLIN - German sandal maker Birkenstock on Monday set a price for its initial public offering of shares at $44 to $49 each, which could see the company raise up to $1.58 billion.
Chip designer Arm targets $52 bn valuation in year's largest IPO
AFP, Published on 14/09/2023
» WASHINGTON - British chip designer Arm is targeting a valuation of more than $52 billion for its initial public offering (IPO) on the Nasdaq exchange on Thursday, according to a company press release.
SoftBank supremo eyes rare success with Arm IPO
AFP, Published on 12/09/2023
» TOKYO - Masayoshi Son's once-exalted reputation as an investor is badly tarnished, but the irrepressible founder of Japan's SoftBank is hoping that the mega-IPO of Arm this week might bring back the good times.
US lawmakers query Shein, Adidas, Nike over Uyghur rights concerns
AFP, Published on 03/05/2023
» NEW YORK - Multiple groups of US lawmakers have sought reassurances this week about clothing giant Shein and other brands facing allegations their products use forced Chinese labor or material from regions where such conditions allegedly occur.
China banking tycoon Bao Fan 'cooperating with investigation'
AFP, Published on 27/02/2023
» BEIJING - Chinese billionaire Bao Fan is "cooperating in an investigation" by authorities, his company said, almost two weeks after his disappearance sparked fears of a renewed crackdown on the nation's financial services industry.
Netflix soars to 230 million subscribers, co-founder steps down
AFP, Published on 20/01/2023
» SAN FRANCISCO: US streaming giant Netflix ended last year with more than 230 million global subscribers, it said Thursday, beating analysts' expectations as hits such as "Wednesday" and "Harry & Meghan" enticed new viewers.
Jack Ma reported living in Japan after China tech crackdown
AFP, Published on 30/11/2022
» TOKYO: Alibaba founder Jack Ma has been living in Tokyo for almost six months after disappearing from public view following China's crackdown on the tech sector, the Financial Times reported Wednesday, citing multiple unnamed sources.