Asia Archives - 📈 TradingTheMarkets

in Asia, Billionaires, Business, Money

Billionaire Sarath Ratanavadi’s Gulf Energy Makes Maiden Investment In U.S. Electricity Market

Sarath Ratanavadi, founder and CEO of Gulf Energy.Courtesy of Sarath Ratanavadi Gulf Energy—controlled by billionaire Sarath Ratanavadi—has agreed to buy a 49% stake in a U.S. power plant from Japan’s Electric Power Development in its maiden investment in the U.S. electricity market. The Bangkok-based company will pay about $410 million for the minority stake in… More

September 9, 2022, 4:15 am
in Asia, Business, Investing, Markets, Money

Animoca Brands Raises $110 Million From Temasek, GGV And Boyu Capital As It Mulls Possible IPO

Yat Siu, cofounder and chairman of Animoca Brands.Bing Guan/Bloomberg Animoca Brands, the Hong Kong-based blockchain gaming developer and prominent crypto projects investor, has bagged $110 million in funding by issuing convertible notes as the company lays groundwork for a possible initial public offering. The latest funding round is led by Singapore’s state-owned investment firm Temasek,… More

September 8, 2022, 10:55 pm
in Asia, Entrepreneurs, Money, Personal Finance

A One-Stop-App That Helps Renters Become Homeowners

Gravy is an app that helps renters save money and buy their first home faster. Gravy The first-time homebuyer app, Gravy was born to be a reward platform for renters. The reward? Homeownership. Co-founder and CEO Jeff Dinter has spent a decade building software to help renters accomplish their goals. He was originally inspired by… More

August 9, 2022, 7:15 am
in Asia, Cryptocurrency

DeFi market has room for growth in Korea: 1inch co-founder — KBW 2022

1inch plans to expand into a largely untapped Asian market, but a lack of DeFi knowledge is preventing mass adoption Decentralized finance- (DeFi)-aggregator 1inch Network has revealed plans to expand its reach in Asia.Speaking to Cointelegraph during Korean Blockchain Week (KBW) 2022 on Monda, co-founder Sergej Kunz said that despite the DeFi market being relatively… More

August 8, 2022, 1:36 pm
in Asia, Billionaires, Business, Consumer Tech, Fintech, Innovation, Investing, Markets, Money, Personal Finance, Wealth Management

AMTD Digital Plunges Nearly 30%—Stay Away From This ‘Absolute Scam,’ Expert Warns

Topline Shares of Hong Kong fintech firm AMTD Digital continued to plunge on Thursday, crashing for a second day in a row after rising more than 21,000% since its July IPO, with experts calling it a new meme stock and warning investors to stay away from the stock as its valuation looks like “an absolute… More

August 4, 2022, 9:33 am
in Asia, Billionaires, Business, Innovation, Investing, Markets, Money

Chairman Of World’s Hottest Stock AMTD Now Worth Nearly $37 Billion, More Than Li Ka-Shing

Calvin Choi controls AMTD Digital, the world’s hottest stock right now, through a web of companies. Forbes estimates his holdings via that company make him Asia’s sixth-richest person, but few think it’s worth anywhere near that much or that the stock will hold up. Even his stake in its parent company, through which he holds… More

August 4, 2022, 6:00 am
in Asia, Billionaires, Business, Money

Alibaba, Singapore Tycoons Win Approval To Build Lion City’s Tallest Skyscraper

Skyscrapers light up Singapore’s night sky. DEA / M. BORCHI/De Agostini via Getty Images Chinese e-commerce giant Alibaba in partnership with Perennial Holdings—which counts Singapore billionaires Kuok Khoon Hong and Ron Sim among its major shareholders—have won government approval to build the tallest skyscraper in the Lion City, one of the hottest office markets in… More

August 4, 2022, 1:35 am
in Asia, Billionaires, Business, Consumer Tech, Innovation, Investing, Markets, Money, Personal Finance, Wealth Management

AMTD Digital May Be The New ‘Perfect Meme Stock,’ Loses $100 Billion In Value In One Day After Rising Over 125%

Topline Shares of under-the-radar Hong Kong fintech company AMTD Digital continued to swing wildly in volatile trading on Wednesday after a more than 21,000% run up since its IPO last month, and although it’s still unclear what’s sparking the wild price action, many are likening it to the meme-stock frenzy of early 2021. The Hong-Kong… More

August 3, 2022, 11:31 am
in Asia, Business, Investing, Markets, Money

Crypto Exchange Zipmex Seeks Bankruptcy Protection In Singapore As Crypto Crisis Spreads

Zipmex offers crypto trading and investment services in Thailand, Indonesia, Singapore and … [+] Australia. SOPA Images/LightRocket via Getty Images Zipmex has become the latest victim of the ongoing crypto crash after running into liquidity problems that it blames on troubled crypto lenders Babel Finance and Celsius Network. The Singapore-based crypto exchange said on Wednesday… More

July 29, 2022, 4:10 am
in Asia, Billionaires, Business, Money

Chinese Billionaire Jack Ma To Cede Control Of Fintech Giant Ant Group: WSJ

Jack Ma takes part in the “Valuing What Matters” Plenary Session during the third day of the Clinton Global Initiative’s 10th Annual Meeting at the Sheraton New York Hotel & Towers on September 23, 2014 in New York City. Michael Loccisano/Getty Images Jack Ma plans to cede control of his fintech giant Ant Group, according… More

July 29, 2022, 2:55 am
in Asia, Billionaires, Business, Investing, Money

China Power Woman Resigns From Top Post At Great Wall Motor

Wang Feng Ying in 2012. AFP PHOTO / NIKOLAY DOYCHINOV (Photo credit should read NIKOLAY … [+] DOYCHINOV/AFP via Getty Images) AFP via Getty Images A frequent member of surveys of China’s most influential businesswomen has left her main post. Wang Feng Ying resigned on Sunday as general manager of Great Wall Motor, China’s largest… More

July 24, 2022, 4:05 pm
in Asia, Cryptocurrency

Opera Crypto Browser integrates Coin98 to bolster Web3 accessibility in Southeast Asia

Opera’s Crypto Browser will allow users to access Coin98’s collection of multichain NFTs, DEXs, cross-chain bridges, asset swaps and the ability to stake and lend their crypto. Opera Crypto Browser, a Web3-focused project for facilitating navigation across decentralized applications (DApps), games and metaverse platforms, has announced a partnership with Coin98, a Southeast Asia-based decentralized finance… More

July 7, 2022, 12:34 pm
in Asia, Billionaires, Business, Innovation, Money

Pop Star JJ Lin Joins Singaporean Scions To Build ‘Web2.5’ NFT Community

After nearly two decades in the music industry, Singaporean pop star JJ Lin is collaborating with two next-generation tycoons to cofound ARC, an app-based digital community that authenticates member profiles with non-fungible tokens (NFTs). Lin, an honoree of Forbes Asia’s 100 Digital Stars in 2020, is joining Kiat Lim, son of Singaporean billionaire Peter Lim,… More

July 6, 2022, 8:58 pm
in Asia, Billionaires, Business, Innovation, Money

Founder Of Apple Distributor Com7 Joins Ranks Of Thailand’s 50 Richest As Demand Explodes

This story appears in the July 2022 issue of Forbes Asia. Subscribe to Forbes Asia Sura KhanittaweekulKittidech Charoenporn/Forbes Thailand This story is part of Forbes’ coverage of Thailand’s Richest 2022. See the full list here. Soaring demand for smart devices during the pandemic powered the wealth of Com7 cofounder and vice chairman Sura Khanittaweekul, who… More

July 6, 2022, 2:11 pm
in Asia, Billionaires, Business, Innovation, Money

Energy Billionaire Sarath Ratanavadi’s Wealth Rockets As His Telecoms Bet Pays Off

This story appears in the July 2022 issue of Forbes Asia. Subscribe to Forbes Asia Sarath RatanavadiFORBES THAILAND This story is part of Forbes’ coverage of Thailand’s Richest 2022. See the full list here. Thai energy billionaire Sarath Ratanavadi has hit a sweet spot. His diversification into telecoms boosted shares of his flagship Gulf Energy… More

July 6, 2022, 2:11 pm

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