Tencent Holdings is in talks with Meta Platforms to distribute its Meta Quest line of virtual reality, or VR headsets in China, three people familiar with the matter said. The talks between Tencent and Meta started last year and have continued in recent months, according to one of the sources who have direct knowledge of the matter, adding that the talks remain early stage and details have yet to be agreed upon.

—

The Daily Morning Note is a round-up of local and global business headlines that you need to know to get ahead of your day.

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Galois Capital, a crypto investment firm known for betting against the Luna token before its implosion last year, is closing its flagship fund after it was hit by the collapse of cryptocurrency exchange FTX.

—

The Daily Morning Note is a round-up of local and global business headlines that you need to know to get ahead of your day.

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Facebook and its stablemate Instagram launched on Sunday a paid subscription service, as the advertising-based business model that has long dominated the internet falters. Mark Zuckerberg, the CEO of Facebook-parent Meta, announced on Sunday the launch of Meta Verified, a service starting at US$11.99 a month to authenticate one’s account.

—

The Daily Morning Note is a round-up of local and global business headlines that you need to know to get ahead of your day.

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Phillip Securities' Research Analyst, Glenn Thum, will be covering DBS 2Q23 results in line with the estimate. Maintain BUY recommendations.

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Phillip Securities' Research Analyst, Glenn Thum, will be covering DBS 4Q2022 results above expectation. Maintain BUY recommendations.

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Paramount Global said it saw its streaming business grow during the fourth quarter and announced plans to increase prices for Paramount+ this year. Despite adding more streaming customers, Paramount reported its fourth-quarter revenue declined 7%, compared with last year, to roughly $5.9 billion as the weak advertising market weighed on the company.

—

The Daily Morning Note is a round-up of local and global business headlines that you need to know to get ahead of your day.

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In this episode, Phillip Securities' Research Analyst, Ambrish Shah, will be covering PayPal Holdings Inc's 4Q22 Results - Accelerated cost reductions.

Phillip Securities Research's analysts recommend Maintaining BUY as the results were in line with expectations.

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In this episode, Phillip Securities' Research Analyst, Glenn Thum, will be covering SGX's 1H23 results within expectations with Maintain BUY recommendations.

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Barclays on Wednesday reported a full-year net profit of £5.023 billion ($6.07 billion) for 2022, beating consensus expectations of £4.95 billion but suffering a 19% fall from the previous year’s restated £6.2 billion in part due to a costly trading blunder in the U.S.

—

The Daily Morning Note is a round-up of local and global business headlines that you need to know to get ahead of your day.

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Coca-Cola on Tuesday reported quarterly revenue that beat analysts’ expectations, driven by higher prices on its drinks. But those higher prices have hurt demand for Coke products like Simply Orange Juice and Fairlife Milk.

—

The Daily Morning Note is a round-up of local and global business headlines that you need to know to get ahead of your day.

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