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All news by: Marco de Matos

China Tech Stocks Fall Again as Data Privacy Law Passes

Over the past year, China has cracked down heavily on its technology (tech) sector in areas such as data security and anti-competitive practices, gaming, and fintech. On Friday (20 August), tech shares in China fell once again after the country passed strict data privacy legislation, adding to these tech counters’ compliance burden. Marco de Matos of Anchor Capital looks at the recent developments.

Amazon To Acquire MGM Studios

Amazon, the world's largest online retailer, is in talks to buy US movie studio MGM for c. US$9bn. MGM was forced into bankruptcy about 10 years ago, after piling up debt of c. US$4bn. Marco de Matos has a closer look.

Tesla Invests in Bitcoin

Electric vehicle (EV) and battery manufacturer, Tesla has invested US$1.5bn in cryptocurrency, bitcoin and will have made a c. US$1bn paper profit from this investment, according to a report by Wedbush Securities. Marco de Matos has a closer look. 

Alibaba Affiliate Ant Group’s Listing Could Be the World’s Largest IPO

Alibaba affiliate, Ant Group’s (Ant’s) listing could turn out to be the biggest initial public offering (IPO) in history as it chases a valuation that would rival the world’s biggest payment firms.

Tesla’s Energy Storage Business’ Revenue Contribution Could Soar over the Next Decade

Known for its electric vehicles, expectations are that Tesla’s energy storage business segment has enormous growth potential. It is estimated that this segment’s revenue contribution could jump from FY19’s $1.5bn to an impressive $12.4bn by FY23, crossing the $200bn revenue mark by FY33.