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Business

China Evergrande to raise $2 billion in pre-IPO for property, car marketplace unit

By catchomecom April 13, 2021April 10, 2021

China Evergrande Group on Monday said it will sell 10% of its online real estate and automobile marketplace, Fangchebao (FCB), to 17 investors for HK$16.35 billion ($2.10 billion), in a…

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Business

Facebook, Google plan new undersea cables to connect Southeast Asia and America

By catchomecom April 12, 2021April 10, 2021

Facebook said on Monday it planned two new undersea cables to connect Singapore, Indonesia and North America in a project with Google and regional telecommunication companies to boost internet connection…

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Business

Swiss watchdog says several banks involved in hedge-fund case

By catchomecom April 11, 2021April 10, 2021

Swiss financial watchdog FINMA said on Monday it has been informed by Credit Suisse about its involvement in an international hedge-fund case involving several banks. “FINMA is aware of this…

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Business

Grindr’s U.S. security review disclosures contradicted statements made to others

By catchomecom April 10, 2021April 10, 2021

When Grindr Inc’s Chinese owner sold the popular dating app to an investor consortium last year to comply with a U.S. national security panel order, the parties to the deal…

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