Earnings and Results
Net profit came in at 58.1 billion yuan, missing estimates of 61.42 billion yuan.
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Indonesia prosecutors seek 18-year jail term for ex-minister Nadiem Makarim
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Indonesia’s INA taps banking veterans for CEO, leadership roles
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Tencent misses profit forecasts on rising AI investments
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Alibaba reports profit squeeze amid AI, quick commerce push
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Blackstone shelves $4b New World deal
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The company posted a 3% rise in fourth-quarter revenue.
Policy & Regulations
The guidelines focus on technology, security, adoption and ecosystem growth.
Revenue was buoyed by government subsidies for electronic goods.
Deals
The deal covers four cancer and blood-disease drug candidates from Jiangsu Hengrui,
Private Equity
A value of $2 billion would imply a multiple of nearly 30 times core earnings.
Analysis
Employers are increasingly viewing workers as a source of data and are seeking to compress labour costs.
The LP View
With the rise of AI, investor sentiment is shifting back to the largest Asian economies.
It will let consumers browse, compare, and buy products through the Qwen app using an AI agent..
This week, we released our quarterly reports on startup fundraising trends in Greater China and SE Asia.
