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- Forbes 02:23May 21, 2022Checks & Imbalances: Musk’s Move, MTG’s Opponent, Trump’s RulesWe examine Elon Musk’s politics, chat with a Georgia Republican trying to oust prolific-fundraiser Marjorie Taylor Greene and look at Trump’s rules of engagement with Truth Social.
< Billionaires, /worlds-billionaires, Billionaires, /worlds-billionaires, No Paywall, no-paywall >
- Forbes 16:50May 20, 2022Zilingo Terminates CEO Ankiti Bose Nearly Two Months After Startup Launches Internal Accounting ProbeZilingo—a high-profile fashion technology startup backed by Singaporean state-owned investor Temasek Holdings and Sequoia Capital India—has terminated the employment of cofounder and CEO Ankiti Bose nearly two months after conducting an internal accounting probe.
< Asia, /asia, Asia, /asia, Business, /business, Leadership, /leadership, Money, /money, No Paywall, no-paywall, Forbes Asia >
- Forbes 12:40May 20, 2022Thai AirAsia X Files Seeks Bankruptcy Protection While Resuming Some FlightsThai AirAsia X, the long-haul budget airline under the AirAsia group, said its application for bankruptcy protection was accepted by Thailand’s Central Bankruptcy Court.
< Asia, /asia, Asia, /asia, Business, /business, Money, /money, Investing, /investing, Markets, /markets, No Paywall, no-paywall >
- Forbes 09:55May 20, 2022Billionaire Enrique Razon Steps Up Expansion Of Philippine Casino EmpireBillionaire Enrique Razon Jr. is stepping up the expansion of his Philippine casino empire, with his Bloomberry Resorts Corp. planning to build an integrated casino resort in the province of Cavite, south of Manila.
< Asia, /asia, Asia, /asia, Business, /business, Billionaires, /worlds-billionaires, Money, /money, Investing, /investing, Markets, /markets, No Paywall, no-paywall, Forbes Asia >
- Forbes 07:50May 20, 2022Grab Narrows Losses On Robust Ride-Hailing, Delivery Demand; Shares Jump By Most Since ListingGrab Holdings—led by tycoon Anthony Tan—narrowed its losses in the first quarter as demand for its ride-hailing and delivery services surged after governments across Southeast Asia lifted Covid-19 restrictions.
< Asia, /asia, Asia, /asia, Business, /business, Money, /money, Investing, /investing, Markets, /markets, No Paywall, no-paywall, Forbes Asia >
- Forbes 17:00May 19, 2022Indonesian Unicorn Xendit Bags $300 Million In Series D FundingDigital payments platform Xendit said Thursday that it had raised $300 million in a Series D funding round led by Coatue and Insight Partners, bringing its total amount raised to $538 million.
< Asia, /asia, Asia, /asia, Business, /business, Money, /money, No Paywall, no-paywall >
- Forbes 06:20May 19, 2022Huawei’s Watch GT 3 Pro Goes Even More Premium With Ceramic Or Titanium BuildHuawei launched a series of smartwatches today including a new ceramic model.
< Asia, /asia, Asia, /asia, Innovation, /innovation, Consumer Tech, /consumer-tech, No Paywall, no-paywall, Asia >
- Forbes 13:20May 18, 2022Billionaire Lim Kok Thay Launching Singapore Cruise Liner After Winding Down Hong Kong OperationsMalaysian billionaire Lim Kok Thay is launching a brand-new cruise line from Singapore just four months after winding down Genting Hong Kong (formerly Star Cruises).
< Asia, /asia, Asia, /asia, Billionaires, /worlds-billionaires, Business, /business, Money, /money, Lifestyle, /lifestyle, Travel, /travel, No Paywall, no-paywall, Forbes Asia >
- Forbes 07:15May 18, 2022Billionaire Forrest Li’s Sea Sinks Deeper Into The Red As Shopee Losses Widen, Expenses SurgeSea Ltd.—controlled by billionaire Forrest Li—sank deeper into the red in the first quarter as losses at its e-commerce platform Shopee widened and expenses surged.
< Asia, /asia, Asia, /asia, Billionaires, /worlds-billionaires, Business, /business, Money, /money, Investing, /investing, Markets, /markets, No Paywall, no-paywall, Forbes Asia >
- Forbes 13:40May 17, 2022Billionaire Cheng Family’s New World Buys China Logistics Assets, Sells Aircraft Leasing FirmNWS Holdings has agreed to buy six logistics properties in China from Australia’s Goodman Group for $338 million as the Hong Kong-based developer seeks to tap the e-commerce boom, while divesting aircraft leasing firm Goshawk Aviation Ltd.
< Asia, /asia, Asia, /asia, Billionaires, /worlds-billionaires, Business, /business, Money, /money, Investing, /investing, Markets, /markets, No Paywall, no-paywall, Forbes Asia >
- Forbes 10:54May 17, 2022Indonesia’s Widjaja Family, Country’s Second Richest, Buys Central London Building For $240 MillionSingapore listed Sinar Mas Land – controlled by Indonesia's second richest, the Widjaja family – through its unit, SML Strand has entered a sale and purchase agreement with Land Securities Group for a commercial building in central London for 195 million pound ($240 million) according to a filing...
< Asia, /asia, Asia, /asia, No Paywall, no-paywall >
- Forbes 03:50May 17, 2022Some Of Korea’s Biggest Conglomerates To Build Small-Scale Nuclear Plants In AsiaSamsung and two other Korean conglomerates have signed an agreement with U.S.-based NuScale to build small-scale modular nuclear reactos, known as SMRs, in Asia as demand for clean energy grows globally.
< Asia, /asia, Asia, /asia, Business, /business, Billionaires, /worlds-billionaires, Innovation, /innovation, Money, /money, No Paywall, no-paywall, asia, business >
- Forbes 12:10May 16, 2022Adani Group To Acquire Holcim’s India Business In $10.5 Billion DealIndian billionaire Gautam Adani’s company is acquiring Swiss building materials manufacturer Holcim Group’s Indian arm in a $10.5 billion deal.
< Asia, /asia, Asia, /asia, Billionaires, /worlds-billionaires, Business, /business, No Paywall, no-paywall >
- Forbes 10:55May 14, 2022Selling Sports Shoes For Under $10 Turned This Shoemaker Into India’s Newest BillionaireThe IPO of Campus Activewear, which sells more shoes than the likes of Nike and Adidas in India, propels its founder into the billionaires club.
< Asia, /asia, Asia, /asia, Billionaires, /worlds-billionaires, Business, /business, Money, /money, Investing, /investing, Markets, /markets, No Paywall, no-paywall, Editors' Pick, editors-pick, asia >
- Forbes 04:45May 14, 2022Taiwan’s No. 2 Chip Maker Teams Up With Car Parts Giant To Make Semiconductors In JapanUMC is pairing up with Toyota-backed car-parts supplier Denso to make semiconductors in Japan to meet growing global demand in the automotive sector.
< Asia, /asia, Asia, /asia, Billionaires, /worlds-billionaires, Business, /business, Innovation, /innovation, No Paywall, no-paywall, asia, business >
- Forbes 03:42May 14, 2022Checks & Imbalances: Pro-Choice Billionaires, Abortion-Themed Ads SurgeWe continue looking at abortion’s impact on the midterm elections, as well as the latest district attorney who wants a crack at Donald Trump.
< Billionaires, /worlds-billionaires, Billionaires, /worlds-billionaires, No Paywall, no-paywall >
- Forbes 15:00May 13, 2022Hey Masayoshi Son, I Have A Bridge To Sell YouSoftBank has been deploying more than $130 billion of investment capital on a bewildering array of startups across the globe. But for all too many of them, Son’s team arguably overpaid.
< Asia, /asia, Asia, /asia, Business, /business, Money, /money, Investing, /investing, Markets, /markets, No Paywall, no-paywall, Asia >
- Forbes 10:55May 13, 2022Billionaire Lance Gokongwei’s Cebu Air To Expand, Renew Fleet As Travel Demand ReboundsCebu Air—controlled by billionaire Lance Gokongwei and his family’s JG Summit—plans to gradually expand the company’s fleet over the next five years amid signs travel and tourism is staging a post-pandemic recovery.
< Asia, /asia, Asia, /asia, Billionaires, /worlds-billionaires, Business, /business, Aerospace & Defense, /aerospace-defense, Money, /money, No Paywall, no-paywall, Forbes Asia >
- Forbes 07:13May 13, 2022Unihertz Titan Slim: For Those Who Want A Physical Keyboard On A PhoneThe Unihertz Titan Slim is one of the very few smartphones on the market with a physical keyboard.
< Asia, /asia, Asia, /asia, Innovation, /innovation, Consumer Tech, /consumer-tech, No Paywall, no-paywall, Asia >
- Forbes 11:30May 12, 2022Billionaire Sun Hongbin’s Sunac Defaults On Dollar Bond PaymentsSunac China Holdings, the real estate developer headed by billionaire Sun Hongbin, said it had defaulted on interest payments for a $742 million offshore bond, and it’s also unlikely to make the payments on other notes coming due this year and next.
< Asia, /asia, Asia, /asia, Billionaires, /worlds-billionaires, Business, /business, Money, /money, No Paywall, no-paywall, asia >
- Forbes 08:55May 12, 2022Philippine Billionaire Enrique Razon’s Bloomberry To Invest In Tycoon Dennis Uy’s Casino ProjectsBloomberry Resorts—controlled by billionaire Enrique Razon—has signed a deal to invest in Davao-based businessman Dennis Uy’s casino resort projects in the central Philippine island of Cebu and at the former Clark Airbase in Pampanga, north of Manila.
< Asia, /asia, Asia, /asia, Billionaires, /worlds-billionaires, Business, /business, Money, /money, No Paywall, no-paywall, Forbes Asia >
- Forbes 07:35May 12, 2022Baidu Wants Its XiRang Platform To Be The Enabler Of The MetaverseBaidu says it can provide the technological capabilities that are needed to build a vibrant metaverse.
< Asia, /asia, Asia, /asia, Business, /business, Money, /money, Crypto & Blockchain, /crypto-blockchain, No Paywall, no-paywall, Asia >
- Forbes 18:00May 11, 2022Crunchy China; Soggy U.S.Crunchy systems are the more rigid, “those in which small changes have big effects leaving those affected by them in no doubt whether they are up or down, rich or broke, winning or losing, dead or alive...Sogginess is comfortable uncertainty.”
< Asia, /asia, Asia, /asia, No Paywall, no-paywall, Asia >
- Forbes 13:15May 11, 2022China-South Korea Relations Under South Korea’s New Yoon Administration: The Challenge Of Defining ‘Mutual Respect’The Yoon and Xi Jinping administrations’ definitions of “mutual respect” are not the same.
< Asia, /asia, Asia, /asia, Business, /business, Leadership, /leadership, No Paywall, no-paywall, asia >
- Forbes 12:45May 11, 2022Sony Xperia 1 IV Review: For Fans Of Sony CamerasThe Sony Xperia 1 IV is the newest photography powerhouse from the Japanese tech giant—but this one is a bit different from other Android phones.
< Asia, /asia, Asia, /asia, Innovation, /innovation, Consumer Tech, /consumer-tech, No Paywall, no-paywall, Asia >
- Forbes 12:15May 11, 2022Why Crypto’s Rough Year In India Just Got WorseIndia’s latest decisions governing cryptocurrency portend turbulent times ahead for the country’s nascent but booming digital currency industry.
< Asia, /asia, Asia, /asia, Money, /money, Fintech, /fintech, Crypto & Blockchain, /crypto-blockchain, No Paywall, no-paywall, asia >
- Forbes 19:11May 10, 2022Checks & Imbalances: Cawthorn’s Check, Vela’s Whirl, Trump’s CellWe look at who just donated to Rep. Madison Cawthorn (R-N.C.), the philosophy of Gordon Sondland and Donald Trump's latest reason to not comply with a subpoena.
< Billionaires, /worlds-billionaires, Billionaires, /worlds-billionaires, No Paywall, no-paywall >
- Forbes 17:39May 10, 2022Set Yourself Up For Success With Dividends and OptionsGet Dividends & Income
< Newsletters, /newsletters-old, Newsletters, /newsletters-old, No Paywall, no-paywall >
- Forbes 13:00May 10, 2022KuCoin Raises $150 Million At $10 Billion Valuation To Grow Presence In Web3Crypto exchange KuCoin announced on Tuesday that it had raised $150 million in a funding round led by Jump Crypto, the investment arm of U.S. proprietary trading firm Jump Trading.
< Asia, /asia, Asia, /asia, Business, /business, Money, /money, Crypto & Blockchain, /crypto-blockchain, Investing, /investing, Markets, /markets, Editors' Pick, editors-pick, No Paywall, no-paywall >
- Forbes 12:50May 10, 2022Digital Payments Firm Opn Becomes Japan’s Newest Unicorn After Raising $120 MillionJapan’s Opn said on Tuesday that it has secured $120 million in Series C+ funding, making it one of the few unicorns to emerge from Japan. The company says it will use the funds to scale up its business and expand to new countries.
< Asia, /asia, Asia, /asia, Business, /business, Money, /money, No Paywall, no-paywall >
- Forbes 08:00May 10, 2022SoftBank Ventures Asia Leads $5.8 Million Investment In Korean Autonomous Shipping StartupFounded in 2015, Seadronix develops AI software to help cargo ships navigate with minimal involvement from sailors, similar to autonomous cars.
< Asia, /asia, Asia, /asia, Billionaires, /worlds-billionaires, Business, /business, Innovation, /innovation, Money, /money, Entrepreneurs, /entrepreneurs, No Paywall, no-paywall >
- Forbes 07:39May 10, 2022Philippines Returns Marcos Family To Power: Peso Rebounds But Stocks DropThe Philippine peso rebounded from a three-year low and stocks dropped as Ferdinand Marcos Jr. headed for a landslide victory in the country’s presidential election that will return his family to power more than three decades after his late dictator father was ousted in a bloodless people’s revolt.
< Asia, /asia, Asia, /asia, Business, /business, Money, /money, Investing, /investing, Markets, /markets, Editors' Pick, editors-pick, No Paywall, no-paywall, Forbes Asia >
- Forbes 11:55May 9, 2022Alibaba Invests $378.5 Million Into Its Southeast Asia Arm LazadaSoutheast Asia e-commerce website Lazada has received a $378.5 million injection from issuing new shares to its parent company Alibaba Singapore, according to DealStreetAsia.
< Asia, /asia, Asia, /asia, Business, /business, No Paywall, no-paywall >
- Forbes 10:25May 9, 2022Singapore Tycoon Kwek Leng Beng’s CDL Suburban Housing Project Sees Robust Sales Despite Property CurbsCity Developments has sold 77% of its residential units at Piccadilly Grand, a residential condominium it is jointly developing with Hongkong Land unit MCL Land just outside the Singapore central business district, despite the government’s property cooling measures.
< Asia, /asia, Asia, /asia, Billionaires, /worlds-billionaires, Business, /business, Money, /money, Investing, /investing, Markets, /markets, No Paywall, no-paywall, Forbes Asia >
- Forbes 07:30May 9, 2022Billionaire Ng Family’s Far East, Perennial To Buy Singapore CBD Property For $504 MillionFar East Organization and Sino Land have partnered with Perennial Holdings to buy the iconic Golden Mile Complex on the edge of the Singapore central business district for S$700 million, adding to signs of robust demand for older properties earmarked for redevelopment in the financial hub.
< Asia, /asia, Asia, /asia, Billionaires, /worlds-billionaires, Business, /business, Money, /money, Investing, /investing, Markets, /markets, No Paywall, no-paywall, Forbes Asia >
- Forbes 16:40May 8, 2022Dr. Fauci Diagnoses China’s Bad Economic HabitsChina’s stubborn embrace of lockdowns is out of step with the Omicron phase of the pandemic.
< Asia, /asia, Asia, /asia, Business, /business, Money, /money, No Paywall, no-paywall, Asia >
- Forbes 12:00May 8, 2022Hong Kong’s ‘Patriots’ Select Former Security Chief As City’s LeaderJohn Lee, the former security chief who oversaw the government’s crackdown on pro-democracy protests in 2019, was elected unopposed as Hong Kong’s new leader on Sunday.
< Asia, /asia, Asia, /asia, Business, /business, Leadership, /leadership, No Paywall, no-paywall, Editors' Pick, editors-pick, Asia, robertolsenblog >
- Forbes 20:24May 6, 2022Checks & Imbalances: Vance And Billionaires, Collins And Abortion ProvidersWe look at who didn’t donate to J.D. Vance’s campaign, and who has continued to back Sen. Susan Collins (R-Maine).
< Billionaires, /worlds-billionaires, Billionaires, /worlds-billionaires, No Paywall, no-paywall >
- Forbes 13:55May 6, 2022Hong Kong’s Single-Candidate Election To Anoint Former Policeman As City’s New LeaderJohn Lee is due to be formally selected as Hong Kong’s new leader on Sunday in an election that features only one candidate. It’s the first election for the city’s top job since Beijing passed legislation last year that ensures only “patriots” govern Hong Kong.
< Asia, /asia, Asia, /asia, Business, /business, Money, /money, Editors' Pick, editors-pick, No Paywall, no-paywall, Asia, robertolsenblog >
- Forbes 08:35May 5, 2022LT Group Appoints Billionaire Lucio Tan’s Grandson To Vice Chairman As Conglomerate Gears Up For RecoveryBillionaire Lucio Tan’s 29-year-old grandson—Lucio Tan III—has been appointed vice chairman and chief operating officer of LT Group as Tan reorganizes his investment holding company in anticipation of a post-pandemic earnings recovery.
< Asia, /asia, Asia, /asia, Billionaires, /worlds-billionaires, Business, /business, Money, /money, No Paywall, no-paywall, Forbes Asia >
- Forbes 11:55May 4, 2022Widjaja Family’s Golden Energy And Resources Completes $1.2 Billion Acquisition Of BHP’s Australian Coal MinesGolden Energy and Resources—controlled by the Widjaja family—has completed its acquisition of an 80% stake in coal miner BHP Mitsui Coal for $1.2 billion, according to a filing to the Singapore Stock Exchange on Tuesday.
< Asia, /asia, Asia, /asia, Billionaires, /worlds-billionaires, Business, /business, Money, /money, Investing, /investing, Markets, /markets, No Paywall, no-paywall >
- Forbes 08:00May 4, 2022Forbes Asia 100 To Watch 2022: Nominations Are OpenIn September 2022, Forbes Asia will again recognize small companies and startups on the rise for the second edition of the 100 to Watch list.
< Asia, /asia, Asia, /asia, Billionaires, /worlds-billionaires, Business, /business, Innovation, /innovation, Leadership, /leadership, Lifestyle, /lifestyle, Money, /money, Editors' Pick, editors-pick, No Paywall, no-paywall, asia >
- Forbes 08:00May 4, 2022Meta Makes First Asia Investment With Mental Health Startup’s $3 Million Seed RoundAs an Asian mental wellness pioneer, Singapore and Jakarta-based Ami seeks to change narratives about company well-being in the region—and investors see the benefits.
< Asia, /asia, Asia, /asia, Business, /business, Innovation, /innovation, Lifestyle, /lifestyle, Money, /money, Editors' Pick, editors-pick, No Paywall, no-paywall >
- Forbes 12:25May 3, 2022Alibaba Shares Briefly Plunge On Arrest Report Of Person Named ‘Ma’ In HangzhouAlibaba shares slid as much as 9.4% in Tuesday morning trading in Hong Kong following a report by CCTV that an individual surnamed Ma, assumed to be cofounder Jack Ma, had been detained.
< Asia, /asia, Asia, /asia, Billionaires, /worlds-billionaires, Business, /business, Innovation, /innovation, Money, /money, No Paywall, no-paywall >
- Forbes 08:50May 3, 2022Billionaire Climate Activist Mike Cannon-Brookes Invests $461 Million In AGL To Block DemergerGrok Ventures has acquired an 11.3% stake in AGL Energy through derivative transactions for about A$650 million ($461 million), making the investment vehicle controlled by billionaire Mike Cannon-Brookes the Australian utility’s biggest shareholder.
< Asia, /asia, Asia, /asia, Billionaires, /worlds-billionaires, No Paywall, no-paywall, Forbes Asia >
- Forbes 07:30May 3, 2022Zilingo Sidelines Communications Director Amid Ongoing Internal Accounting ProbeZilingo—a high-profile fashion technology startup backed by Singaporean state-owned investor Temasek Holdings and Sequoia Capital India—has sidelined its communications director, adding to signs of an internal rift at the company amid an ongoing internal accounting probe.
< Asia, /asia, Asia, /asia, Business, /business, Money, /money, No Paywall, no-paywall, Forbes Asia >
- Forbes 10:40May 2, 2022Facebook Billionaire Eduardo Saverin’s B Capital Abandons SPAC Plans Amid Market VolatilityB Capital—an investment firm led by Facebook cofounder Eduardo Saverin and former Bain Capital executive Raj Ganguly—won’t pursue an earlier plan to launch a special purpose acquisition company (SPAC).
< Asia, /asia, Asia, /asia, Billionaires, /worlds-billionaires, Business, /business, Money, /money, Investing, /investing, Markets, /markets, No Paywall, no-paywall, Editors' Pick, editors-pick, Forbes Asia >
- Forbes 17:45April 29, 2022Hong Kong Fintech Unicorn Looks To Raise Up To $150 Million In Yet Another Funding Round: BloombergThe seven-year-old startup already raised a total of $400 million since March last year from investors across three funding rounds.
< Asia, /asia, Asia, /asia, Business, /business, Billionaires, /worlds-billionaires, Money, /money, No Paywall, no-paywall, asia, business >
- Forbes 13:50April 29, 2022Malaysia Awards Digital Bank Licenses To Groups Led By Grab, Sea, RHBThe Malaysian central bank has awarded digital banking licenses to groups led by ride hailing and food delivery giant Grab Holdings, Shopee owner Sea Group and Malaysian lender RHB Bank, as the Southeast Asia nation seeks to embrace online financial services amid an e-commerce boom.
< Asia, /asia, Asia, /asia, Business, /business, Money, /money, Investing, /investing, Markets, /markets, No Paywall, no-paywall, Forbes Asia >
- Forbes 11:05April 29, 2022Is China Juicing GDP Data? Economists Can’t Help But WonderBy constructing a bigger and murkier “great firewall” around information and curbing media freedom—including going after Hong Kong’s press—Xi Jinping made China more of a black box than it was a decade ago.
< Asia, /asia, Asia, /asia, Business, /business, Money, /money, Investing, /investing, Markets, /markets, No Paywall, no-paywall, Asia >