Bloomberg As Uber Technologies Inc. looked to conquer ride-sharing around the world, Grab was focussed on serving the 620 million people that share its home in Southeast Asia. Helped by the deep pockets of SoftBank Group Corp., Grab emerged the winner when Uber agreed to swap its business in the region for a 27.5 percent stake. The deal is a ...

Bloomberg Bilibili Inc., China’s top online platform for streaming animation, is poised to raise $483 million in its US initial public offering, according to people with knowledge of the matter. The website operator plans to price its sale of 42 million American depository shares at $11.50 apiece, the midpoint of a marketed range, the people said, asking not to be ...

Bloomberg A Shanghai court accused former Anbang Insurance Group Co. Chairman Wu Xiaohui of masterminding a 65.2 billion yuan ($10.4 billion) fraud, using unauthorised sales of investment-type policies to prop up the acquisitive company’s capital. The charges in court statements, which offer an unprecedented glimpse into Anbang’s inner workings, allege wrongdoing going as far back as 2007. Wu ordered up ...