Tencent Returns to the Dollar Bond Market
Tencent Holdings has hired a group of investment banks to sell dollar-denominated benchmark bonds and offshore renminbi bonds, its first return to the dollar market since 2021, according to people…
Buffett and Li Ka-shing Keep Moving to Cash
Two of the world’s most patient investors, aged 95 and 97, are moving in the same direction, and neither is buying. Warren Buffett’s Berkshire Hathaway has now sold stock for…
SpaceX Draws $250 Billion in Orders Ahead of Record IPO
The order book kept swelling through the week, and by Tuesday it had passed $250 billion. SpaceX, the rocket and satellite company founded by Elon Musk, plans to raise about…
Supabase Doubles Valuation to $10 Billion in Eight Months
Paul Copplestone pitched the idea in 2014 and was turned down. He tried again in 2020, after hitting scaling limits with the databases at another startup, and built the tooling…
Browser Makers Demand Microsoft End Its Edge Push, Reviving a Decades-Old Fight
The letter is addressed to Satya Nadella, and its title leaves little room for interpretation: “Dear Microsoft, Enough is Enough.” Published June 3 by the Browser Choice Alliance, a coalition…
Tencent Keeps Buying as Southbound Funds Back SMIC
The filing landed with the routine precision of a machine that never stops. On June 5, Tencent Holdings reported to the Hong Kong exchange that it had bought back 1,092,000…
Lululemon Cuts Its Outlook as Brand Noise Bites
The apology was not quite an apology, but it was close. “We experienced spikes of negative commentary in the media and on social channels with regard to our brand, which…
Apple Puts a $1.4 Trillion Number on Its App Economy
Tim Cook let the numbers do the talking, and the figure he wants the world to remember is $1.4 trillion. In a statement released on Apple’s website, the company said…
Honor Launches Magic V6 Folding Phone With Waterproofing First
The most durable folding phone yet is going on sale outside China. Honor has begun shipping the Magic V6, its latest foldable, in Singapore and Malaysia at a price of…
Oura Ring 5 Gets Thinner, Lighter, Smarter
The computer on your finger is getting an upgrade. Oura, the company that made the smart ring a category, has released the fifth generation of its namesake device, and the…
