Be it smart homes, smart factories, smart cities, the Internet of Things , connected vehicles, applications and software optimised with artificial intelligence and machine learning , or the cloud, digitisation – and its disruptive potential – is nearly ubiquitous. The overhaul will put control of Nomura Asset Management and other key subsidiaries under the new investment management unit, which will bring together know-how now scattered within the Japanese financial services group. US state pension funds are continuing to push into Chinese private market investments in the hope of big returns, despite the regulatory risk highlighted by Ant Group’s initial public offering being pulled in November. The new funding would be used for research ways to lower its costs of supplying clean energy. In May 2020 it received $11.4 million in gross proceeds from the exercise of share purchase warrants issued in 2018 and 2019. A+/Stable/–Tencent is exposed to community shopping through its investments in a front-end warehouse company, MissFresh, a platform delivery company, Dmall, and its 18% stake in JD.com.
IronSource, the Israel-based app monetisation software provider backed by conglomerate Access Industries, agreed a reverse merger with a SPAC at an $11.1bn pro forma equity valuation. The company joined forces with Thoma Bravo Advantage, which is sponsored by private equity firm Thoma Bravo, and will obtain the listing on the New York Stock Exchange it received in a $900m IPO. The leading corporate investors from the IT sector in terms of largest number of deals were internet conglomerate Alphabet, internet company Tencent and cloud enterprises software provider Salesforce.
Border to Coast Pensions Partnership, a UK’s largest public-sector pension pool with assets of £46 billion ($64.6 billion), has committed $94 million to KKR Asian Fund IV. Alibaba has been accused of developing facial recognition software to target the persecuted minority, while Tencent also developed an app to single Uighurs out. Applications are open until March 2 and manager selection is scheduled for April. The Thai firm, which is active in combating illegal, unreported and unregulated fishing, has been a constituent of the S&P Dow Jones Sustainability Indices for seven consecutive years. Investors in the unicorn, valued at $2.75 billion as of July 2020, include Expedia Group, Rocket Internet SE, JD.id and Singapore sovereign wealth fund GIC.
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The leader personally knows what goods buyers want, and can substitute another item if it’s on sale. Users give immediate feedback to the leader, which may be quickly reflected in product offerings. The rise of community buying has also raised use of the internet to buy groceries. This is an enormous market and a kind of last frontier for online shopping in China.
