Bloomberg Megvii, the owner of facial recognition developer Face++, is considering an initial public offering in Hong Kong that could net as much as $1 billion, people familiar with the matter said. Megvii is weighing an IPO to raise between $500 million and $1 billion with Hong Kong as a destination, the people said, requesting not to be named because ...

Bloomberg Indonesian authorities are working to develop new investment instruments with “good” returns in a bid to retain onshore more than $10 billion that was repatriated under a tax amnesty program three years ago, with officials acting before a lock-in period on the funds expires later this year. Bank Indonesia, the Ministry of Finance and the Financial Services Authority are ...

Bloomberg Singapore is making a clarion call to citizens and businesses to reduce domestic and industrial waste towards zero as the country’s recycling rate has stalled and its sole landfill may run out of space by 2035. The government will publish a master plan in the second half, with grants to support projects, Masagos Zulkifli, minister for environment and water ...