Amazon has been stepping up investments across the Asia Pacific, with plans to invest over $50 billion to scale up its digital infrastructure in Australia, Japan, Singapore, Malaysia and Thailand.
The latest funding round was led by Fidelity Management & Research and funds linked to J.P. Morgan Asset Management.
The new AI-powered data center, which will have a capacity of over 70 megawatts, will be financed by a syndicate of more than 20 banks including Crédit Agricole CIB, DBS Bank and ING Bank.
WiseTech Global, the Australian logistics software company founded by Australian billionaire Richard White, plans to buy cloud computing firm E2open for $2.1 billion.
Polytron, which has been selling electric motor bikes since 2022, hopes to hold its own against foreign car manufacturers. Its SUVs can travel across a distance of 402 kilometers on a fully-charged battery.
Malaysia is rapidly emerging as a key hub for data centers, fueled by the region’s AI boom. Last year, Google announced plans to invest $2 billion in the country.
Under the deal, Bally’s will purchase a combination of Star’s convertible notes and subordinated debt, delivered in multiple stages, according to an exchange filing.
Australian tech billionaire and climate activist Mike Cannon-Brookes has defended his company’s sponsorship of the Williams Formula 1 team and his use of a private jet, emphasizing the need for pragmatic trade-offs in the pursuit of sustainability.
Star Entertainment Group—backed by Australian billionaire Bruce Mathieson—has received $414 million debt refinancing offer from U.S. alternative asset manager Oaktree Capital Management, providing the cash-strapped casino operator a potential lifeline.
Star Entertainment Group—backed by Australian gambling billionaire Bruce Mathieson—is in talks to sell its resort complex in Brisbane to its Hong Kong partners as the cash-strapped casino operator seeks to raise fresh capital to shore up its finances.