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Yantoultra Ngui

Verified
Hong Kong
As seen in: Thomson Reuters, MSN, MSN Australia, MSN India, MSN Ireland, MSN Money Canada, MSN New Zealand, MSN Singapore, MSN UK, Bloomberg News, Business Insider and
Asia Capital Markets & M&A Correspondent @Reuters. Formerly @business, @WSJ, @theedgemalaysia
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Articles

ByteDance secures $29.6 billion loan in AI push, sources say

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By Kane Wu Verified, Yantoultra Ngui Verified
| dzrh.com.ph
By Kane Wu and Yantoultra Ngui HONG KONG, Sept 4 (Reuters) - ByteDance has secured a $29.6 billion loan from nearly 30 banks, three people with direct knowledge of the matter said on Friday, with the Chinese social media giant's bet on AI development driving strong interest from lenders. The loan is the second-largest made in Asia this year after SoftBank raised $40 billion in March to boost OpenAI investments, underscoring lenders' enthusiasm for the sector which demands ever-increasing capital.
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Shein seeks fast-fashion deals to spur growth

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By Helen Reid Verified, Yantoultra Ngui Verified, Selena Li Verified
| MSN New Zealand Verified
; ; ; Continue reading More for You Continue reading More for You
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Analysis - Shein seeks fast-fashion deals to spur growth

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By Helen Reid Verified, Yantoultra Ngui Verified, Selena Li Verified
| MSN Verified
By Helen Reid, Yantoultra Ngui and Selena Li LONDON/HONG KONG, Sept 4 (Reuters) - Now it has clinched a stock market listing after years of false starts, Shein is working to convince investors that it is more than a fast fashion fad. Armed with $15 billion in cash, according to its prospectus, plus another $1.74 billion raised in the IPO, it is primed for an acquisition-driven phase as it seeks to recover from stalled sales growth.
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