[ad_1] Chinese artificial intelligence (AI) company iFlyTek said it plans to spin off its healthcare services subsidiary, iFlyHealth, with a listing in Hong Kong. Shenzhen-listed iFlyTek said the initial size…
Tag: spin-off
Alibaba Group Abandons Cloud Spin-Off Amidst US Export Uncertainties
[ad_1] Alibaba Group scrapped plans to spin off its cloud business, citing uncertainties over U.S. curbs on exports to China of chips used in artificial intelligence applications. Alibaba Group’s Hong…
BSE changes Jio Financial Services stock price band to 20% from 5%
[ad_1] Leading stock exchange BSE has revised the circuit limit of Jio Financial Services, the demerged non-banking financial services unit of Mukesh Ambani-led Reliance group, to 20 per cent from…
HSBC poised to see off Asia spinoff threat at crunch shareholder vote
[ad_1] BIRMINGHAM, England: HSBC is expected on Friday to defeat a proposal by Hong Kong-based investors, backed by its biggest Asian investor Ping An, which calls for the lender to…
Carrier Global Explores Strategic Alternatives For Its Fire And Safety Business Unit
[ad_1] A Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images Deal Overview On April 11, 2023, Carrier Global CARR Corp. (NYSE: CARR, $44.30, Market Capitalization: $37.0 billion), a leading…