World
The transaction will reportedly value the company at more than $120 billion.
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Musk's xAI in talks to raise close to $20b from investors
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Kuwait Petroleum unit buys 25% stake in China's Wanhua Chemical Group
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India's Mahindra to buy 59% stake in SML Isuzu for $65m
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TikTok Shop said to be entering Japan soon
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Editor’s Take: The Week That Was—Apr 21-26
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Greater China
Petrochemical Industries Company will acquire several of the Chinese group’s industrial units.
India
The acquisition will double Mahindra’s market share in the truck and bus segment.
The company is preparing to recruit sellers soon for its e-commerce arm in Japan.
Tencent Music is planning to use a combination of cash and shares for the acquisition.
The disposal is part of the embattled property developer’s effort to resolve its liquidity issues.
Vietnam
Long Chau is the only profitable national pharmacy chain in Vietnam.
Singapore
The sale of the Exxon Mobil retail outlets is entering the formal bidding stage.
Indonesia
These subsidiaries comprise the Mitra, supply chain, and digital ecosystem.
Mass production of the new model under the Hongqi brand will start from H2 2026,
