Bloomberg Alibaba Group Holding Ltd is in talks to invest $3 billion in Southeast Asian ride-hailing giant Grab Holdings Inc, according to people familiar with the matter. The Chinese e-commerce giant, a sole investor in the round, will spend a portion of the funds to acquire some of the Grab stock held by Uber Technologies Inc, one of the people ...

Bloomberg Hong Kong announced HK$24 billion ($3.1 billion) in virus relief stimulus and will lift some social distancing restrictions as the city’s economy suffers from a recession prompted by protests and Covid-19. The government will spend HK$4.5 billion to help affected industries, HK$13 billion on virus prevention measures and HK$6 billion on rent concessions, Chief Executive Carrie Lam and senior ...

Bloomberg Former Nissan Motor Co director Greg Kelly pleaded not guilty to charges of helping former Chairman Carlos Ghosn hide millions in compensation, vowing to prove his innocence in a trial that’s starting almost two years after their arrests in Japan and in the absence of the main suspect. “I deny the allegations,” said Kelly, when asked by the judges ...