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BABA Oct 2024 135.000 call
- Zacks
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- Reuters SG
Temasek to invest up to $198 mln in Australian ETF manager Betashares
Singapore-based investment firm Temasek Holdings will invest up to A$300 million ($198.4 million) in Australian exchange-traded fund manager Betashares, the company said on Monday. The funding is expected to drive the expansion of Betashares' offerings in Australia and overseas, it said in a statement. With the investment, Temasek will hold an undisclosed minority stake in Betashares, joining its staff members and private equity firm TA Associates as shareholders, it added.
- South China Morning Post
Alibaba, Xiaohongshu tout sales growth in China's midyear e-commerce festival
Alibaba Group Holding said it is seeing "encouraging" user engagement and merchant growth during the 618 midyear online shopping festival, as rival Xiaohongshu, China's answer to Instagram, said its online sales have tripled from a year ago. Taobao and Tmall Group, Alibaba's domestic e-commerce unit, has switched to a new strategy that focuses on consumers and small merchants during this year's festival, which runs from May 20 to June 20, as the company seeks to defend its dominant position in C
