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Page 220 - அலிபாபா குழு வைத்திருத்தல் லிமிடெட் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

A US$12 5 billion deal shows Saudi oil still eclipses all else

A US$12.5 billion deal shows Saudi oil still eclipses all else Dinesh Nair and Matthew Martin, Bloomberg News Saudi oil minister says days of drill, baby, drill are over VIDEO SIGN OUT Saudi Arabia is celebrating one of the biggest foreign-investment windfalls in its history after netting more than US$12 billion by selling off a stake in the oil pipelines that traverse the desert kingdom. But the country may also be facing an uncomfortable reality as a result. As carefully cultivated relationships with firms such as BlackRock Inc. and SoftBank Group Corp. have yet to draw in the desired investment, it’s turning to the jewels of its energy industry to attract new money.

Grab CEO s Harvard links open door to world s biggest SPAC deal

Grab s CEO Anthony Tan. - Reuters file HONG KONG (Bloomberg): A few years after launching Grab Holdings Inc. in 2012, Anthony Tan got a piece of advice from Jack Ma. The co-founder of Alibaba Group Holding Ltd. told the entrepreneur that life is a tsunami. When you’re up on the wave, get ready for the crash, he said. In 2020, that all came to pass. The coronavirus sent cities across Southeast Asia into lockdown. Demand for ride-hailing, a key business, plunged. Then around December, its big plan to merge with arch rival Gojek collapsed. Tan wasn’t ready to give up on going public. Early this year, a connection introduced him to the Silicon Valley investor Brad Gerstner, the founder of Altimeter Capital Management. The two men, though from opposite sides of the world, had a lot in common. Both were Harvard Business School alumni, and both had eschewed easier paths in life to set up their own firms.

Jack Ma s Double-Whammy Shows Glory Days For China Tech Giants Are Over

Jack Ma s Double-Whammy Shows Glory Days For China Tech Giants Are Over
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