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‘Indian EV, consumer firms ripe for funding’

  Bloomberg Stride Ventures, one of India’s leading debt venture fund, sees consumer, business-to-business companies and electric vehicle sectors as the most attractive for financing this year. “Fintech has taken a slight backseat because Reserve Bank of India has recently come up with digital lending guidelines, and a lot of companies in the fintech sector are trying to understand the ...

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China tech giants tumble amid growing fears of price wars

  Bloomberg China’s internet firms are revving up efforts to outdo each other since Beijing began to wind back its bruising crackdown on the tech sector, spurring an abrupt surge in competition that’s threatening margins and spooking investors. A battle is brewing as companies that laid low or sought to limit expansion during the years-long crackdown now feel the shackles ...

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Baidu unveils $5 billion share buyback

  Bloomberg Baidu Inc announced a $5 billion share buyback after reporting better-than-expected revenue, reflecting how its cloud computing service is offsetting an advertising lull during China’s economic downturn. Its shares gained 6% in pre-market US trading. Sales held steady at 33.1 billion yuan ($4.8 billion) for the three months ended December, compared with expectations for 32.1 billion yuan. Net ...

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