April 14, 2021
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Singapore Superapp Grab To Go Public With $40 Billion Valuation In SPAC Deal

Grab Holdings said it has reached a deal to go public in the U.S. by merging with a special-purpose acquisition company (SPAC) that will value the nine-year-old company at about $39.6 billion. The ride-hailing and food delivery giant is raising more than $4 billion by combining itself with Altimeter Growth Corp. in what would be the la...
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Baeksang Arts Awards Announces Nominations For Best Films And Dramas

Which actor, actress, drama or film will win top honors at the 57th Baeksang Arts Awards? The annual awards ceremony to honor excellence in the film, television and theater industry of South Korea will take place on May 13 in Seoul.  Here is a partial list of the nominees: TV Dramas Best Drama: Beyond Evil, It’s Okay Not To Be Okay, F...
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Jack Ma’s Alibaba Hit With $2.8 Billion Fine For Abusing Its Dominant Market Position

Alibaba Group was hit with the highest-ever antitrust fine imposed in China when the country’s regulator announced on Saturday that it had slapped a fine of 18.2 billion yuan ($2.8 billion) on the Hangzhou-based tech giant. The penalty is equivalent to about 4% of Alibaba’s domestic revenue in 2019. China’s State Administration for Market Regul...
Asia Business Innovation Sustainability Technology

Asian Corporates Trail On Climate Aspirations, Can Their Young Staff Be A Force For Change?

Developing Asia is a laggard in the battle against climate change and Asian companies, from China to India to Indonesia, are trailing their peers in articulating green aspirations. As the world prepares for this November’s Glasgow summit, Asia’s home-grown corporates have an opportunity, but little incentive, to showcase their green credentials, an...
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India’s 10 Richest Billionaires 2021

Mukesh Ambani added nearly $48 billion to his fortune since last year, and reclaimed the title of Asia’s richest person. Another Covid-19 wave is sweeping across India and total cases now exceed 12 million. But the country’s stock market has shrugged off its pandemic funk to scale new peaks; the benchmark Sensex is up 75% from a year ag...