Tencent turns from purchaser to vendor in financial investment pivot

Chinese web titan Tencent is pivoting from yrs of aggressive stakebuilding to a focus on divestments as it comes below force from investors and Beijing’s the latest antipathy in direction of Big Tech.

As section of an crucial change in approach, the corporation has outlined a tender target of divesting about Rmb100bn ($14.5bn) of its $88bn mentioned equity portfolio this calendar year, according to two men and women acquainted with the subject. This would get position dependent on market place problems and interior earnings targets.

Partial divestments in substantial Chinese companies this sort of as food items shipping support Meituan

Read More

Hunter Biden Turns to Hollywood Law firm for Financial Enable and Counsel

WASHINGTON — Faced with economic strain and a federal investigation into his taxes and foreign consulting operate, Hunter Biden has turned for income and strategic tips to an not likely supply: a wealthy Hollywood lawyer and novelist finest recognized for brokering a profitable licensing deal for the animated series “South Park.”

The law firm, Kevin Morris, has quietly taken on an expansive role as a financier, confidant and would-be avenger for Mr. Biden, handling sensitive topics for President Biden’s son that could have acute political ramifications for the White Property.

Mr. Morris lent more than $2 million to Hunter Biden,

Read More

Sensible pondering: Atlantia turns to targeted traffic tech just after Italy motorway exit

The brand of Italian infrastructure group Atlantia is noticed outside its headquarters in Rome, Italy, Oct 5, 2020. REUTERS/Guglielmo Mangiapane

Sign up now for Absolutely free unlimited obtain to Reuters.com

Sign up

  • Italy’s Atlantia expands into targeted traffic know-how
  • Benetton-managed group operates airports, highways
  • Sees development prospective in urban mobility, U.S.

MILAN, March 9 (Reuters) – Possessing marketed its motorway enterprise in Italy, Atlantia (ATL.MI) is investing in wise visitors technology to support travel enhancement of cleaner transport and open up up new marketplaces this sort of as the United States.

Managed by the Benetton household, the infrastructure group is

Read More

The beauty enterprise turns to augmented fact

Attractiveness brands are choosing — or acquiring — technological innovation companies that allow consumers just about check out on make-up, hair and pores and skin treatment solutions.

Why it matters: With COVID retaining men and women away from cosmetics counters, the most recent issue in “magnificence tech” is the VTO — or virtual attempt-on. Prospects adore taking part in with these apps so significantly that organizations see massive revenue boosts immediately after introducing them.

Driving the information: Hair, skin and makeup firms made use of to emphasis on obtaining scaled-down models with cult followings, but now they are also chasing

Read More