TechSector

LG Plans $15 Billion Valuation for India Unit IPO Amid Growing Market Demand

6 days ago

LG Electronics, the South Korean multinational conglomerate, is reportedly preparing for a significant initial public offering (IPO) of its Indian subsidiary that could value the unit at up to $15 billion. This strategic move highlights LG's commitment to expanding its operations in one of the world's fastest-growing consumer markets. With the IPO, LG aims to capitalize on the burgeoning demand for electronic goods in India, where the market has shown remarkable resilience and growth potential.

Alibaba, JD, and Meituan Shares Soar Following Major China Stimulus Announcement

3 months ago

On September 27, 2024, China's tech giants including Alibaba Group Holding Ltd., JD.com Inc., and Meituan saw their stocks surge strongly. The rally later joined on the back of a generous stimulus package announced by the Chinese government to prop up the country's sluggish economy.

Horizon Capital Revives Sale of IT Services Firm Sabio Amid Rising Market Demand

3 months ago

In what appears to be a strategic business move, Horizon Capital is reportedly rebooting the sale process of its highly-rated IT services company, Sabio. According to sources close to the matter who have spoken to Bloomberg News, the private equity firm is actually reaching out to prospective buyers with the intent of cashing in on surging demand for technology-focused services in today's prevailing market scenario.