Press releases about business, cryptocurrency, fintech and more news in Hong Kong and Asia

GIC buys majority stake in Mediterranean luxury resorts group as travel recovers

BENGALURU – Singapore sovereign wealth fund GIC, one of the world’s biggest investors, has bought a majority stake in Sani/Ikos Group (SIG) in a deal that values the Mediterranean luxury resorts operator at 2.3 billion euros (S$3.2 billion), both companies said in a joint statement on Thursday (Sept 22). The deal comes as travel recovers […]

Shopee lays off more S’pore staff, will give ‘appropriate compensation’

SINGAPORE – Employees affected by e-commerce platform Shopee’s latest round of job cuts will be given “appropriate compensation packages” in line with market norms, the firm said in a joint statement with the Creative Media and Publishing Union (CMPU) on Monday. This comes as some staff in Singapore were informed that they were part of […]

Strike-hit Scandinavian airline SAS files for US bankruptcy protection

STOCKHOLM (REUTERS) – Scandinavian airline SAS has filed for bankruptcy protection in the United States to help accelerate restructuring plans, it said on Tuesday (July 5), warning that strike action by pilots has impacted its financial position and liquidity. Wage talks between SAS and its pilots collapsed on Monday, triggering a strike that adds to travel chaos […]

JD.com Announced Renewed Strategic Cooperation with Tencent

BEIJING, June 29, 2022 (GLOBE NEWSWIRE via SEAPRWire.com) — JD.com, Inc. (the “Company” or “JD.com”) (Nasdaq: JD; HKEx: 9618), a leading supply chain-based technology and service provider, today announced that it renewed the strategic cooperation agreement with Tencent for a period of three years. Tencent will continue to offer the Company prominent Level I and Level II access […]

BlueCity Holdings Limited to Hold Extraordinary General Meeting of Shareholders

BEIJING, June 23, 2022 (GLOBE NEWSWIRE via SEAPRWire.com) — BlueCity Holdings Limited (“BlueCity” or the “Company”) (NASDAQ: BLCT), a leading online LGBTQ platform, today announced it has called an extraordinary general meeting of shareholders (the “EGM”), to be held on July 29, 2022 at 10:00 a.m. (Beijing time), at Block 2 Tower B, No. 22 […]