deals
Sunway—controlled by Malaysian billionaire Jeffrey Cheah—launched a 11 billion ringgit ($2.7 billion) takeover bid for smaller rival IJM amid a property and construction boom across the Southeast Asia region.
Chinese OpenAI Challenger Zhipu’s IPO Mints New Billionaire
Zhipu, which operates a ChatGPT-like service called Z.ai, raised $558 million in its IPO, despite a somewhat muted first day of trading.
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QUOTE OF THE DAY
“Your courage will open doors not just for you, but for countless others who will rise because you dared to go first.”