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Uber steers toward blockbuster IPO as road looks rocky

Publication date 12 April 2019 | 15:21 | ICT

UBER could become a $100 billion company with a massive share offering that will be a bellwether for tech start-ups looking toward Wall Street.



  • Chinese Premier Li calls for two-way opening-up with ‘prosperous’ Europe

    Publication date 11 April 2019 | 10:57 | ICT

    China is glad to see a united and prosperous Europe and hopes to expand two-way opening-up while safeguarding free trade, Premier Li Keqiang said on Tuesday in Brussels.

  • HCMC farmers to apply hi-tech to agriculture products

    Publication date 11 April 2019 | 10:51 | ICT

    The Ho Chi Minh City Farmers Association and Investment and Trade Promotion Centre met on Tuesday to seek ways to apply high-tech to the city’s key agricultural products, with the aim of becoming a southern hub for the supply of cro

  • Joonaak in Seedstars top 12

    Publication date 11 April 2019 | 10:20 | ICT

    Cambodian tech start-up Joonaak Delivery was selected among 12 finalists in the global start-up competition Seedstars Global Summit in Switzerland, which ended on April 5.

  • Casino giant Crown to mull $7.1B Wynn takeover

    Publication date 10 April 2019 | 16:49 | ICT

    AUSTRALIAN gambling giant Crown Resorts on Tuesday confirmed a takeover offer from US gaming group Wynn Resorts, estimated to be worth more than US$7 billion, sending the firm’s shares surging by almost 20 per cent.

  • Mobile clothing marketplace Zilingo plans to expand into the Kingdom

    Publication date 10 April 2019 | 16:46 | ICT

    Mobile marketplace for clothing and lifestyle products Zilingo has unveiled plans to expand its business to Cambodia, among other Asian markets, after raising $226 million in a series D funding round the firm announced.

  • Education programme for entrepreneurs to start its second round

    Publication date 10 April 2019 | 16:45 | ICT

    Private equity firm Cambodia Investor Club (CIC) will soon start the second round of its Beyond Investment Opportunity (Bio) programme, aiming to accelerate investment activity in Cambodia by educating investors and entrepreneurs.

  • SK pledges to spend $26B for 5G ecosystem by 2022

    Publication date 10 April 2019 | 15:31 | ICT

    THE South Korean government pledged on Monday to invest more than 30 trillion won ($26 billion) to establish a full-fledged 5G environment by 2022, as the country beat its competitors by a hair to begin commercial services of the hyperspeed network last week.

  • US proposes tariffs on EU over Airbus subsidies in trade row

    Publication date 10 April 2019 | 14:47 | ICT

    A SIMMERING transatlantic trade row risked escalating on Tuesday after the US threatened to impose tariff counter-measures of up to $11.2 billion on a host of European products.

  • Border trade, price checks to continue over Lao New Year

    Publication date 10 April 2019 | 13:29 | ICT

    THE price of food products will be controlled during the Lao New Year (Pi Mai Lao) holiday and all international borders will continue their import and export services over this period.

  • Nubia unveils smartwatch

    Publication date 10 April 2019 | 13:18 | ICT

    CHINESE smartphone manufacturer Nubia Technology Co Ltd has unveiled its first wearable watch-like smartphone Alpha, as the wearable device market offers huge development potential, amid sluggish growth in the country’s smartphone segment and mounting competition from domestic rivals.