Bloomberg Trax, a Singapore-based startup serving the retail industry, is finalising a deal to raise $100 million at a pre-money valuation of about $1.1 billion, a price tag that could make it the second most valuable startup in the city-state. The company is talking with a few private equity firms and the new funding round is expected to close by ...

Bloomberg A major Chinese chipmaker surged in Hong Kong amid prospects that its decision to stop trading in New York will attract more volume to its main listing. Semiconductor Manufacturing International Corp was Monday’s top gainer on the MSCI China Index as well as its Asia-Pacific gauge with a 10 percent rally. It was a different story for its American ...

Bloomberg One of Tencent Holdings Ltd.’s most valuable investments is sinking as China expands its crackdown on online content. China Literature Ltd, in which Tencent holds a controlling stake, tumbled as much as 10 percent before closing down 7.3 percent at a new low in Hong Kong, as another of its online sites was targeted for alleged violations. The stock ...