In a joint statement on Tuesday, October 20, 2020, SK Hynix and Intel announced that the latter would be selling its NAND flash memory business to SK Hynix. The deal is valued at a massive $9 billion all-cash deal....
A study by the Union Bank of Switzerland (UBS) and PricewaterhouseCoopers (PwC) revealed that the total wealth owned by the world’s billionaires has spiked from $8 trillion in April to $10.2 trillion in July, reported CNBC. According to the study,...
Uber’s logistics arms, Uber Freight, gained a $500-million investment from Greenbriar Equity Group after it had sold its shares in the wake of the COVID-19 pandemic. The ride-hailing and transport services giant announced its multi-million investment last Friday, October...
Singapore-based digital wealth management firm Syfe recently raised $18.6 million in a Series A investment round. The startup firm specializes in providing Robo-advisor financial services in Asia. Founded by Dhruva Arora in 2017, Syfe offers a combination of human wealth...
Warren Buffet-backed Snowflake announced Wednesday, September 16, 2020, that its valuation more than doubled on the first trading day of its initial public offering (IPO) trading day. Following its successful trading day, the cloud data warehousing company raised nearly...
Following a massive lost of shares amounting to over a fifth of its value in just a month, the Securities and Exchange Organization is reportedly looking into tapping into Iran’s sovereign wealth fund. The move towards allocating 1% of...
The richest people across the globe just made new wealth records during the last week of August. Bloomberg reported that the world billionaires earned billions amounting to a total of $209B added to the fortunes of 500 of the...
Considered the world’s largest sovereign wealth fund, Norway admits to losing a massive 188-billion-kroner (roughly equivalent to $21 billion) loss following a turbulent first half of the year. The country is expected to experience further challenges with the global...
China-based TikTok parent company ByteDance is set to move back into the Hong Kong market as its trademark registration documents show that the firm is gearing up to enter the online stock brokerage and wealth management market, reports Reuters. The...
Shanghai-based Hywin Wealth Management Co. is planning to expand its offices to Singapore. According to Bloomberg, the move comes after more Chinese clients are moving their businesses to the country and to provide its services to Southeast Asian individuals. Hywin...

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