Chinese electric vehicle (EV) companies are increasingly looking towards Hong Kong for initial public offerings (IPOs) as a strategic move to foster global growth. One notable player in this trend is Chery Automobile, a prominent Chinese car exporter, which is gearing up for an IPO in Hong Kong that could potentially raise around US$1.5 billion.
Stablecoins have been making waves in the financial market, especially with Tether, the issuer of USDT stablecoin, revealing its substantial exposure to US treasuries. In its Q1 2025 report, Tether disclosed holding almost $120 billion in US treasuries by the end of March 2025. This figure includes both direct investments amounting to $99 billion and
Gemini, the prominent crypto exchange spearheaded by the well-known billionaire twins Tyler and Cameron Winklevoss, has made a significant move by confidentially submitting paperwork for a U.S. initial public offering (IPO). This development comes at a time when the digital asset industry is experiencing heightened activity and increasing market enthusiasm. The decision by Gemini to
EchoStar, a prominent player in the telecommunications services industry, is currently facing a significant financial dilemma that could potentially lead to a Chapter 11 bankruptcy filing. The company finds itself at a critical juncture as it grapples with the looming threat of having its valuable cache of wireless spectrum licenses revoked by federal regulators. The
Billionaire Elon Musk’s brainchild, xAI, is making waves in the tech world with projections hinting at a staggering $13 billion in annual earnings by 2029. The artificial intelligence startup’s potential was recently unveiled by Morgan Stanley, the financial powerhouse handling xAI’s financial affairs. In a recent report by Bloomberg News, it was disclosed that Morgan
Amidst the gleaming facade of tech innovation, lies a cautionary tale that sheds light on the darker side of entrepreneurship. Builder.ai, once a beacon of hope in the world of artificial intelligence startups, now finds itself at the center of a storm as it grapples with financial turmoil and allegations of sales misrepresentation. The recent
Amazon recently made headlines with a massive investment of US$10 billion in North Carolina, focusing on expanding its artificial intelligence (AI) and cloud infrastructure. This ambitious project in Richmond County is set to create around 500 specialized jobs, including positions for data center engineers and network specialists. The company already boasts approximately 24,000 employees in
In the bustling tech landscape of Thailand, where innovation meets opportunity, a select group of startups and tech companies are not just surviving but thriving with the backing of substantial investments. Let’s delve into the stories behind these top-funded ventures that are shaping the country’s entrepreneurial ecosystem. Imagine a realm where ideas are currency, and
Action-adventure enthusiasts, get ready to embark on a thrilling journey through the enchanting landscapes of the Deep South of the United States with “South of Midnight. ” Developed by Compulsion Games, this immersive game is more than just entertainment – it’s a gateway to a world teeming with myths and folklore unique to this region.
Tesla, the electric vehicle giant, saw a significant resurgence in its stock value recently. The rollercoaster ride for Tesla shares began amidst a public spat between the company’s CEO, Elon Musk, and then-U.S. President Donald Trump. However, as tensions seemed to ease between the two influential figures, investors breathed a sigh of relief, leading to