Tag: #GIC

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Nio Sued by Singapore's GIC Over 2022 Short-Seller Allegations; Shares Plunge Over 6%

Nio faces a lawsuit from Singapore's GIC reviving baseless 2022 short-seller claims on revenue inflation via its BaaS model, causing shares to plunge over 6% on October 16, 2025, amid ongoing EV challenges.

10/17/20251 min read

#NIO #GIC

Industry

Tencent to Sign Deal with Singapore's GIC

Tencent have turned to Singapore's state-owned investor GIC and other sovereign funds to help rescue the deal for increased equity of Universal Music Group (UMG), subsidiary of French media conglomerate Vivendi.

12/19/20192 min read

#Tencent #GIC