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Indonesian anti-monopoly agency fines TikTok for late reporting of Tokopedia deal

Indonesian anti-monopoly agency fines TikTok for late reporting of Tokopedia deal

TikTok has been fined 15 billion rupiah ($900,000) for the late reporting of its acquisition of e-commerce platform Tokopedia, Indonesia’s anti-monopoly agency said on Monday.
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Ethos Technologies reveals 55% revenue surge as insurance IPOs fire up

Ethos Technologies reveals 55% revenue surge as insurance IPOs fire up

Ethos Technologies recorded a 55% jump in revenue in the first half of 2025, according to its U.S. initial public offering paperwork filed on Friday, as the insurance IPO market continues its hot streak.
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Crypto firm Tether eyes $500 billion valuation in major raise, Bloomberg News reports

Crypto firm Tether eyes $500 billion valuation in major raise, Bloomberg News reports

Crypto giant Tether is in talks to raise as much as $20 billion in a private placement that could value the El Salvador-based firm at about $500 billion, Bloomberg News reported on Tuesday.
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Alibaba shares leap on Nvidia partnership, data center plans

Alibaba shares leap on Nvidia partnership, data center plans

Alibaba announced on Wednesday a partnership with Nvidia, global data center expansion plans and new artificial intelligence products, as it positions AI as a core business priority alongside its traditional e-commerce operation.
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