China-based co-working firm UrWork has joined hands with Australian consultancy firm Collective Campus to launch its first overseas branch in Singapore on Friday. UrWork is currently backed by Alibaba-affiliate Ant Financial and Sequoia Capital, among others, and has established its co-working platform across 16 cities, including Shanghai and Beijing, in China. UrWork also recently announced […]
Read moreChinese authorities are at it again. This time, its banking regulator is investigating how the country’s top overseas deal makers are borrowing money, according to multiple media reports.It’s a move that connects and highlights a number of risks that plague China at the moment. Here’s a look at the related challenges. China’s stock markets are […]
Read moreTravis Kalanick’s resignation as Uber’s chief executive is a potential blow to the company’s operations in Asia, a region where it faces stiff competition from local ride-hailing players, the Wall Street Journal reported. Investors and analysts interviewed by the Journal said Uber is losing the race in Asia. The company retreated from China last year […]
Read moreVenezuelan troops on Thursday fired what appeared to be rubber bullets at protesters attacking the perimeter of an airbase and a demonstrator was killed, bringing renewed scrutiny of the force used to control riots that have killed at least 76 people. At least two soldiers shot long firearms through the fence at protesters from a […]
Read moreWhether the end is nigh on the spectacular run-up in large cap U.S. techs, or they’re back in market-darling territory, calls for caution persist. In fact, with tech easily the best performing sector so far this year, there’s no shortage of warnings on valuations. “The critics are right and they’re wrong,” closely-followed RBC Technology Research […]
Read moreMalaysia’s sovereign rating may be in trouble as an ongoing corruption saga threatens to destabilize the nation’s fiscal position, S&P Global Ratings has warned. In a Thursday statement that affirmed the Southeast Asian country’s A-/A-2 foreign currency and A/A-1 local currency ratings, S&P said Kuala Lumpur’s outlook remains “stable” but noted that the scandal surrounding […]
Read moreThe friend of former South Korean leader Park Geun-hye who was at the center of an influence-peddling scandal that rocked the country’s business and political elite has been sentenced to three years in jail, the Yonhap news agency reported on Friday. Prosecutors had demanded a seven-year jail term for Choi Soon-sil on charges of obstruction […]
Read moreColor-changing drinks, liquid nitrogen dessert and gourmet marshmallows — fare for a music concert or the Muslim holy month of Ramadan? It may be unconventional, but in Singapore, hipster food crazes are all the rage during the Islamic celebration. Every year, a mega market pops up on the island nation in honor of the month-long […]
Read moreYour favorite brew of Darjeeling tea could soon be in short supply. Political chaos has forced the closure of tea plantations and estates in India’s famed Himalayan town, dealing a blow to brands dependent on Darjeeling’s prestigious teaplant. Darjeeling, a popular hill station in the state of West Bengal, is currently in shutdown mode, with […]
Read moreChinese tech giants Alibaba Group Holdings and Tencent Holdings will be among new investors pouring a total of around $10 billion into mobile carrier China Unicom, sources said, part of efforts by Beijing to rejuvenate state behemoths with private cash. Four sources with knowledge of the matter told Reuters that Alibaba and Tencent would invest […]
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