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Wednesday, July 24, 2019

Tag: valuation

Billionaire defies retail gloom with bid for Germany’s Metro

As ordinary investors grow wary of the retail sector, wealthy individuals are moving in.

Carrefour sells control of China business at a discount

Carrefour will retain a 20% stake and two seats out of seven on the China unit’s Supervisory Board, it says in a statement on Sunday.

Uber eyes US$90 billion IPO valuation

The ride-hailing company is planning to start marketing shares to potential investors in a price range of about US$44 to US$50 each.

Pokémon Go maker is said to go after US$3.9 billion valuation

Samsung Electronics Co. and AXiomatic Gaming LLC are also expected to invest.

Chinese startup Luckin Coffee’s valuation doubles to US$2.2 billion

Fundraising was led by investors including Singapore sovereign wealth fund GIC and China International Capital Corp Ltd.

Minister explains delay in declaring assets to MACC

De facto Law Minister Liew Vui Keong says he has declared the number of properties he owns to MACC last October but has not updated their current value.

Xiaomi has chance to justify lofty valuation after 23% slide

Founder Lei Jun describes Xiaomi as an innovation-driven internet company, yet that’s only accounted for an average 9.2% of total revenue in the past two quarters.

Uber IPO proposals value company at US$120 billion

Uber has been seeking new avenues of growth, including food delivery services, even as it battles intense competition in its core business of ride-hailing.

Goldman Sachs: Thai Beverage Pcl world’s cheapest alcohol stock

The company’s management is anticipating that higher agricultural income in Thailand and a strategy to replace short-term debt with long-term loans will improve finances next year.

Lyft in talks to hire advisor for 2019 IPO

Lyft has hired Class V Group LLC to work with the management on the process and plans to begin taking pitches from banks starting as early as September, Bloomberg said, citing sources.

Apple CEO calls $1 trillion value a “milestone” but not a...

With a closing price of $207.39 on Thursday, Apple became the first publicly listed US company to ever reach $1 trillion in market capitalization.

China’s Xiaomi cuts valuation after pulling mainland offering

The delay was triggered by a dispute between the company and regulators over the valuation of its China depositary receipts, casting doubt on Beijing's efforts to lure foreign-listed Chinese tech giants back home.

China fund managers slash ZTE valuation after US sanction

Chinese funds have slashed valuations of ZTE Corp after the United States banned American companies from selling components to the telecoms equipment maker for seven years, a move ZTE said threatened its very survival.

AirAsia on stronger footing with focus on core business

Non-core businesses, including in training and insurance, are purely strategic investments to generate cash.

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