Southeast Asian Fintech Grab to Create 350 New Jobs in Singapore during 2021 to Support Business Growth and Development Plans crowdfundinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from crowdfundinsider.com Daily Mail and Mail on Sunday newspapers.
11 February 2021
Author: Lianrui Jia, UTSC
China recently joined the global anti-monopoly movement, placing its leading digital platforms under closer scrutiny. Released in November 2020, China’s new draft anti-monopoly guidelines target anti-competitive behaviour in the internet sector such as forced exclusivity, big data price discrimination, use of subsidies to crowd out competition and exclusive cooperation agreements.
The guidelines are underpinned by China’s Anti-Monopoly Law (AML), which was formally enacted in 2008. The AML was drafted with three objectives in mind: to curb foreign competition and foster domestic industrial growth, to protect consumers, and to limit monopolies by state-owned and administrated entities.
SoftBank Group Corp (OTC: SFTBY) is planning to launch two more SPACs.
What Happened: The two SPACs aim to raise a total of $550 million in their IPOs, Reuters reported, citing regulatory filings.
SVF Investment Corp 2 would offer 20 million shares and warrants, and SVF Investment Corp 3 would. Read More.