A consortium led by Alibaba Group is the frontrunner to take over struggling Chinese semiconductor giant Tsinghua Unigroup in a deal likely worth more than 50 billion yuan ($7.8 billion), Bloomberg reported. The Alibaba-led consortium includes funds backed by the local government of Zhejiang province, where the Chinese e-commerce company is headquartered, Bloomberg said. The transaction could...
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The Briefing Media/Telecom Markets
Ultrafast Wars Raise Risk of Investor Injury
Wandering around Manhattan has lately become a not-so-fun exercise in dodging the stream of bicycles ridden ferociously by delivery couriers, a population that is growing with the proliferation of ultrafast grocery-delivery services. DoorDash’s announcement on Monday that it is jumping into the ultrafast fray suggests that the danger of severe injury may be about to increase. But it may be...
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