Former billionaire Mikhail Khodorkovsky has told Forbes that he expects the Russian people to “strongly react” to the Kremlin’s power play with Putin’s popularity in freefall since the start of the coronavirus pandemic in March.
The investment is “a good use of Nexon’s cash in a market defined by low interest rates,” Owen Mahoney, the chief executive officer of Nexon, said in a statement. Nexon said it held 518 billion yen ($4.8 billion) in cash as of March 31.
As China’s “6.18” shopping festival approaches this year, Alibaba finds itself under pressure to fend off rising competition from rivals like JD.com and Pinduoduo.
NetEase has officially launched a long-rumored second offering in Hong Kong, seeking to raise up to 24.5 billion Hong Kong dollars ($3.2 billion) as it prepares to expand globally.