IPO
Jio Platforms wins SEBI nod for $3.8b IPO
Meta and Google together hold about 17.7% of Jio Platforms.
Diya Lal · · 1 min read
Pentagon sued by Chinese chipmaker CXMT over military listing
CXMT says its DRAM chips are designed for civilian and commercial use.
Naomi Li Gan · · 1 min read
Tencent unveils AI model it says outperforms Z.ai, Moonshot
Tencent demonstrated Hy4 Preview for game creation, 3D web design, and accounting compliance.
Grace Priscilla Teo · · 1 min read
OpenAI rolls out ChatGPT ads to users in India
Anthropic says its rival Claude chatbot will remain ad-free.
Naomi Li Gan · · 1 min read
MiniMax raises Alibaba cloud spending cap 220%
MiniMax plans to spend up to US$300 million on Alibaba Cloud services in 2025, up from US$115 million.
Diya Lal · · 1 min readIndian data center operator Yotta eyes $900m IPO
Hiranandani said Yotta runs India’s largest cluster of Nvidia chips and expects to reach 400 megawatts of capacity over the next 12 to 18 months.
Grace Priscilla Teo · · 1 min readNvidia adds $442b in market value on AI growth outlook
Nvidia is now valued at about US$5.5 trillion.
Diya Lal · · 1 min readBilibili Q2 revenue rises 8% to $1.2b
Bilibili’s advertising growth outpaced China’s digital ad market, which grew 12.1% in 2024, according to eMarketer.
Naomi Li Gan · · 1 min readRenesas opens Beijing physical AI, robotics lab
The facility will let customers demonstrate, validate, and jointly develop next-generation robotic systems as Renesas expands its physical AI efforts.
Diya Lal · · 1 min readBaidu to convert Hong Kong listing to primary status
After the change, it will have a dual primary listing on the Hong Kong Stock Exchange and Nasdaq.
Minh Le · · 1 min read