ByteDance founder becomes China’s richest person
Zhang Yiming's, 41, personal wealth has reached $57.5 billion, surpassing Zhong Shanshan, founder of bottled water company Nongfu Spring and Tencent Chairman and CEO Ma Huateng.
Corporate Buzz
Apple to keep investing in China ‘in a big way’
According to Jeff Williams, Apple's chief operating officer, Apple is committed to investing in China because of the incredible partnerships it has in China, like the ties with…
All Cold Storage, Giant outlets in Singapore to be sold to Malaysian group for $125m
DFI chief executive officer Scott Price said that with the divestment of its Singapore food businesses, the group will pivot its resources to the Guardian and 7-Eleven businesses…
Hyundai Motor commits $21b investment in US through 2028
The move comes as the South Korean auto conglomerate seeks to navigate the Trump administration’s intensified tariff policies.
X sues Modi’s government over content removal in new India censorship fight
The lawsuit also comes as Elon Musk is getting closer to launching his other key ventures Starlink and Tesla in India.
McDonald’s to set up global office in Hyderabad, creating 2,000 jobs
Explaining their decision, McDonald’s Chairman and CEO, Chris Kempczinski, stated that Hyderabad offers superior infrastructure, a better quality of life compared to cities like…
Samsung eyes AI, M&A deals to reignite stock growth
Samsung Electronics' stock price, which hovered around 70,000 won ($48) in March last year, has since declined to the 50,000 won range, frustrating investors.
Beleaguered Nissan president Uchida to step down
The move comes as Uchida takes responsibility for the company’s deteriorating performance. Nissan aims to find ways to improve business performance through restructuring and…
Pakistani users report issues in accessing X across country; Musk claims ‘massive cyberattack’
It bears mentioning that X remains officially banned in Pakistan for access and use.
Singapore property giant CDL’s Kwek Leng Beng seeks to fire son Sherman as CEO over ‘attempted coup’
Shortly before midnight on Feb 26, the older Mr Kwek issued another statement saying that the “serious lapses of corporate governance have been halted”. This followed a…