Funding & Business
Tencent, Baidu Sell Record Dim Sum Bonds for Cheap Funding
Chinese internet firms are raising a record amount of funds in Hong Kong’s dim sum bond market, as they look to secure cheap financing to power their artificial intelligence ambitions.
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Hong Kong is lowering its threshold for home purchases by people applying for an investor visa to bolster the city’s property market.
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“Bloomberg: The Asia Trade” brings you everything you need to know to get ahead as the trading day begins in Asia. Bloomberg TV is live from Tokyo and Hong Kong with Shery Ahn and Annabelle Droulers, getting insight and analysis from newsmakers and industry leaders on the biggest stories shaping global markets. (Source: Bloomberg)
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Prosus NV has more than doubled its stake in Urban Company Ltd. ahead of the Indian startup’s listing, and is now one of the firm’s biggest shareholders, according to Prosus India Ecosystem head Ashutosh Sharma.
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