International News

Bloomberg The latest winner of the SoftBank Group Corp. lottery is DoorDash Inc., a food-delivery app. SoftBank’s Vision Fund is leading a $535 million investment in the San Francisco-based company, almost triple the amount of capital the company had raised in the last five years. The deal, which includes funding from Sequoia Capital and Singapore’s GIC Pte sovereign-wealth fund, values ...

Bloomberg Sea Ltd., operator of Southeast Asia’s biggest gaming platform, reported mounting losses amid investments for growth and said Group President Nick Nash will leave his position at the end of the year. The Singapore-based company reported its net loss for the quarter ended in December more than tripled to $263.1 million, compared with analyst estimates that it would lose ...

Bloomberg BAIC Motor Corp. will probably make a profit on sales of its own brands such as Senova cars next year after significantly reducing losses this year, Chairman Xu Heyi said in an interview Saturday on the sidelines of the Chinese People’s Political Consultative Conference in Beijing. Such a reversal of fortunes for the Beijing-based automaker’s money-losing Senova marque would ...

Bloomberg Hong Kong has partially lifted the veil on its opaque government land tendering process. But it still lags far behind Singapore and China in transparency. The government announced it would provide more information on the bidding process for land sales by providing data on all bids. Yet, it will provide data only after the winning bid transaction is completed, ...

Bloomberg Tencent Holdings Ltd. Chairman Ma Huateng called on the Chinese government to introduce an ID system that would link multiple sets of travel documents with a mobile phone as part of a plan to boost regional trade between Hong Kong and Mainland China. China’s second-richest man said new technology systems and laws could let Hong Kong residents make electronic ...

Bloomberg The European Union may beef up a plan to screen foreign investments as China’s pursuit of acquisitions abroad fosters political unease in the bloc, according to a key EU lawmaker. Franck Proust, a French member of the European Parliament, said the assembly and EU governments may reach an agreement by year-end on the first bloc-wide rules meant to prevent ...

Bloomberg Volkswagen AG officials are discussing options to prepare the truck division for access to the capital markets, potentially paving the way for an initial public offering of shares or a bond sale by the unit, according to people familiar with the matter. Deliberations at a recent meeting included changing the division’s legal structure to a private limited company under ...

Bloomberg UK Prime Minister Theresa May spoke to First Minister of Scotland Nicola Sturgeon and First Minister of Wales Carwyn Jones after setting out her Brexit priorities and plans for trade relations in a London speech. May told the leaders the UK would seek “customs arrangements that would lead to as frictionless trade as possible with our European neighbours, as ...

Bloomberg Embattled Anbang Insurance Group Co.’s plan to convert much of Manhattan’s Waldorf Astoria hotel into luxury condos has been the subject of speculation from Wall Street earnings calls to the pages of the New York Post. Now, evidence that the project is going forward is emerging from an unlikely source: a moving van owned by a little-known religious group. ...

Bloomberg In case you were wondering why three out of the nine companies attending President Donald Trump’s metal-tariff announcement were foreign, this map has the answer. Steel plants owned by non-American companies such as ArcelorMittal account for a large chunk of total US production, with the Luxembourg-based company’s plants alone representing about 16 percent, according to Bloomberg Intelligence. Other foreign ...