The year in brief – Asia Asset Management

The year in brief Category: Asia, Australia, China, Hong Kong, Japan, Malaysia, Singapore, Taiwan, Thailand, Global, Southeast Asia By AAM Staff A compilation of investment-related news from Asia and beyond Global fund managers remain optimistic about the outlook for Asian and emerging-market equities in 2018 as they believe valuations are still reasonable Log in below or buy a subscription to enjoy unlimited access to www.asiaasset.com’s quickly growing 7,000 article database.  Please wait… Source link Google News

China’s AI start-up Megvii raising $500 million at $3.5 billion valuation: sources By Reuters

© Reuters. FILE PHOTO: Security China 2018 exhibition in Beijing By Kane Wu and Julie Zhu HONG KONG (Reuters) – Chinese artificial intelligence provider Megvii Inc, commonly known as Face++, is targeting to raise $500 million in a new funding round that pegs the current valuation of the firm at $3.5 billion, people with knowledge of the matter said. Bank of China Group Investment Ltd, the state bank’s private equity (PE) arm, is looking to lead the fundraising with $200 million, two of the people told Reuters, declining to be…

U.S.-Stock Funds Seek Another ‘Up’ Year, but It Will Be Close

U.S.-Stock Funds Seek Another ‘Up’ Year, but It Will Be Close

Will stock funds, and the overall market, pull out a 2018 gain? That seemed iffy on Dec. 6 on the NYSE, as stocks declined again. Photo: Spencer Platt/Getty Images Dec. 9, 2018 10:11 p.m. ET Not long ago, it seemed a given that mutual funds focused on U.S. stocks would easily chalk up another positive year. Maybe not as strong as last year’s 18.3% average total return, but still in the green. October’s market rout and the choppy trading since then has changed all that. Now it isn’t a given…