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US private equity giant TPG Inc. is exploring a sale of its stake in Singapore Life Holdings Pte in a deal that could value the insurer known as Singlife at about S$4 billion ($3 billion), according to people with knowledge of the matter.
"For Telkomsel, first-time contributions from IndiHome largely offset the impact of SingTel's reduced stake," the company said in a statement. It had earlier a 35% stake in Telkomsel.
The ban is set to impact the Chinese social media network TikTok, which has launched an aggressive expansion into the e-commerce space.
SINGAPORE : DBS Group Chief Executive Piyush Gupta said current widespread pessimism about China's economy was not "overdone" but he was upbeat about India, where the bank plans to triple its business in the next five years. "There's some real headwinds in China in the short-term", he told a Reuters Newsmaker
