Operative Holding Company
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{
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TikTok Star Khaby Lame Signs Staggering Deal Worth Rs 8,980 Crore To Sell His Company
Khaby Lame sold his company, Step Distinctive Limited to Hong Kong's Rich Sparkle for Rs 8,980 crore ($975 million), aiming to monetise his global brand and fanbase.
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ByteDance To Get 50% Profit From US TikTok Under Trump Deal
TikTok's Chinese parent company will likely get about half of the profit from the platform's US operation even after it sells majority ownership to American investors as part of a deal orchestrated by President Donald Trump.
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Ubisoft Forms New Subsidiary for Assassin's Creed, Far Cry and Rainbow Six Franchises Backed by Tencent
Ubisoft is forming a new dedicated subsidiary for its core IPs of Assassin’s Creed, Far Cry and Tom Clancy’s Rainbow Six in an effort to transform its operations, the company announced Thursday. The new entity will be backed by a €1.16 billion investment from Chinese conglomerate Tencent, which will hold a minority stake in the subsidiary.
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Nissan Shares Soar 20% Amid Merger Talks With Honda
Honda and Nissan are looking to operate under a single holding company and will soon sign a memorandum of understanding for the new entity, as per reports.
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Infinix Showcases E-Color Shift, AirCharge, and Extreme-Temp Battery Technologies at CES 2024
Infinix, owned by China's Transsion Holdings, has showcased its latest E-Color Shift technology at the ongoing annual Consumer Electronics Show (CES) 2024. The latest technology featuring E-Ink Prism allows smartphone panels to change and maintain colours without consuming power. The company has also revealed its AirCharge and Extreme-Temp Battery ...
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Coinbase Decides to Halt Fiat Loan Borrowing Service Against Bitcoin Holdings: Details
Coinbase’s fiat loan borrowing service is coming to an end on May 10. The company has not provided any specific reason that provoked it to take this decision. The company seems to be taking a calculative approach in terms of restructuring its business, especially now that its operations have caught the attention of US’ Securities and Exchange C...
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Tencent to Maintain Cost-Cutting Measures Amid First Drop in Annual Revenue
Tencent Holdings on Thursday said it would restrict its focus to its core business, while maintinaing cost-cutting and improving efficiencies, as it reported its first drop in annual revenue to date. The world's largest video game company and operator of the WeChat messaging platform posted revenue of CNY 554.55 billion (nearly Rs. 6,65,600 crore) ...
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Brazil's Electric Aircraft Maker Eve 'On Track' to Start Services in 2026, Seeks Rules to Govern Sector
Eve, the electric aircraft maker controlled by Brazil's Embraer, said it is "on track" to begin commercial operations by 2026. The company has started the process of certifying its electric vertical take-off and landing (eVTOL) aircraft, which has already amassed a backlog of over 2,700 orders prior to the start of production.
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FTX Japan Plans to Resume Customer Withdrawals by Year End: Report
FTX Japan, a subsidiary of the now-bankrupt FTX.com, is preparing to resume withdrawals by the end of 2022 to Japanese customers. Withdrawals cannot resume immediately because FTX Japan uses the same payment system as its parent company FTX.com, which has frozen withdrawals.
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Singtel to Sell Its 3.3 Percent Stake in Airtel to Fund 5G Operations: Report
Singtel will sell its 3.3 percent stake in India’s telecom giant, Airtel, according to a report. The Singapore-based company will reportedly continue to hold 29.7 percent of Airtel’s shares post sell off. The shares will be bought by Bharti Telecom, which is a joint venture between Singtel and Bharti Enterprises.
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TikTok Star Khaby Lame Signs Staggering Deal Worth Rs 8,980 Crore To Sell His Company
Khaby Lame sold his company, Step Distinctive Limited to Hong Kong's Rich Sparkle for Rs 8,980 crore ($975 million), aiming to monetise his global brand and fanbase.
-
ByteDance To Get 50% Profit From US TikTok Under Trump Deal
TikTok's Chinese parent company will likely get about half of the profit from the platform's US operation even after it sells majority ownership to American investors as part of a deal orchestrated by President Donald Trump.
-
Ubisoft Forms New Subsidiary for Assassin's Creed, Far Cry and Rainbow Six Franchises Backed by Tencent
Ubisoft is forming a new dedicated subsidiary for its core IPs of Assassin’s Creed, Far Cry and Tom Clancy’s Rainbow Six in an effort to transform its operations, the company announced Thursday. The new entity will be backed by a €1.16 billion investment from Chinese conglomerate Tencent, which will hold a minority stake in the subsidiary.
-
Nissan Shares Soar 20% Amid Merger Talks With Honda
Honda and Nissan are looking to operate under a single holding company and will soon sign a memorandum of understanding for the new entity, as per reports.
-
Infinix Showcases E-Color Shift, AirCharge, and Extreme-Temp Battery Technologies at CES 2024
Infinix, owned by China's Transsion Holdings, has showcased its latest E-Color Shift technology at the ongoing annual Consumer Electronics Show (CES) 2024. The latest technology featuring E-Ink Prism allows smartphone panels to change and maintain colours without consuming power. The company has also revealed its AirCharge and Extreme-Temp Battery ...
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Coinbase Decides to Halt Fiat Loan Borrowing Service Against Bitcoin Holdings: Details
Coinbase’s fiat loan borrowing service is coming to an end on May 10. The company has not provided any specific reason that provoked it to take this decision. The company seems to be taking a calculative approach in terms of restructuring its business, especially now that its operations have caught the attention of US’ Securities and Exchange C...
-
Tencent to Maintain Cost-Cutting Measures Amid First Drop in Annual Revenue
Tencent Holdings on Thursday said it would restrict its focus to its core business, while maintinaing cost-cutting and improving efficiencies, as it reported its first drop in annual revenue to date. The world's largest video game company and operator of the WeChat messaging platform posted revenue of CNY 554.55 billion (nearly Rs. 6,65,600 crore) ...
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Brazil's Electric Aircraft Maker Eve 'On Track' to Start Services in 2026, Seeks Rules to Govern Sector
Eve, the electric aircraft maker controlled by Brazil's Embraer, said it is "on track" to begin commercial operations by 2026. The company has started the process of certifying its electric vertical take-off and landing (eVTOL) aircraft, which has already amassed a backlog of over 2,700 orders prior to the start of production.
-
FTX Japan Plans to Resume Customer Withdrawals by Year End: Report
FTX Japan, a subsidiary of the now-bankrupt FTX.com, is preparing to resume withdrawals by the end of 2022 to Japanese customers. Withdrawals cannot resume immediately because FTX Japan uses the same payment system as its parent company FTX.com, which has frozen withdrawals.
-
Singtel to Sell Its 3.3 Percent Stake in Airtel to Fund 5G Operations: Report
Singtel will sell its 3.3 percent stake in India’s telecom giant, Airtel, according to a report. The Singapore-based company will reportedly continue to hold 29.7 percent of Airtel’s shares post sell off. The shares will be bought by Bharti Telecom, which is a joint venture between Singtel and Bharti Enterprises.
