9bn

Amazon to invest $9bn in Singapore to expand cloud services

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Amazon to invest bn in Singapore to expand cloud services

Announcement comes after rival Microsoft last week unveiled major investments in Malaysia, Thailand and Indonesia. Amazon has announced plans to invest $9bn in Singapore to expand cloud infrastructure in the city-state. The announcement at the Amazon Web Services (AWS) ASEAN Summit on Tuesday comes after the Seattle-based tech giant last year unveiled multibillion-dollar investments in … Read more

Social media company Reddit soars to $9bn valuation in Wall Street debut

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Social media company Reddit soars to bn valuation in Wall Street debut

San Francisco-based social media platform’s shares close at $50.44 in long-awaited initial public offering. Shares of Reddit soared nearly 50 percent as the social media platform made its long-awaited stock market debut. Investors pushed Reddit’s value close to $9bn after it began trading on the New York Stock Exchange on Thursday, with the company’s share … Read more

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