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News Corp (ASX:NWS) reported Friday fiscal third-quarter adjusted earnings of $0.21 per share, up from $0.17 a year earlier.
Analysts polled by FactSet expected $0.19.
Revenue for the quarter ended March 31 was $2.19 billion, up from $2.01 billion a year ago. Analysts surveyed by FactSet expected $2.11 billion.
The company's shares rose 4% in recent Friday trade.
Robotphoenix Intelligent Technology (HKG:6871) launched its Hong Kong initial public offering on Friday, seeking to raise up ro HK$750.3. million from the deal.The China-based industrial robotics maker is offering 24.6 million H-shares at HK$30.50 per share, according to a Hong Kong bourse filing.The offering comprises 1.23 million shares for Hong Kong investors and 23.37 million shares for international investors, subject to reallocation.The IPO's allocation results are due May 15, ahead of the company's planned trading debut on May 18.Net proceeds will be used to fund the development of the company's robotics technology, supply chain, production capabilities, as well as business expansion.ABCI Securities, CLSA, Ping An Securities (Hong Kong), China Industrial Securities International Capital, CMBC Securities, Emperor Securities, Huafu International Securities, Shenwan Hongyuan Securities (H.K.), SPDB International Capital, Futu Securities International (Hong Kong), Livermore Holdings, and Tiger Brokers (HK) Global are the joint bookrunners of the IPO.
Ruihe Data Technology (HKG:3680) agreed to invest 73.3 million yuan in an artificial intelligence-focused investment fund, according to a Friday disclosure with the Hong Kong bourse.The company will make the investment in Houze Equity Investment Partnership through its subsidiary Ruihe Data Shenzhen for a 7.23% stake in the fund.The fund intends to invest in unlisted artificial intelligence companies, with a planned operation period of five years, unless extended.
Contemporary Amperex Technology's (HKG:3750, SHE:300750) skateboard chassis arm partnered with Togg for the development of a chassis platform for the Turkish automotive brand, the battery maker said in a Thursday press release.CATL, through its unit Contemporary Amperex Intelligent Technology (Shanghai), will produce the chassis platform through its Bedrock Chassis technology for three models in Togg's B-segment vehicle family.The first model under the partnership is expected to start mass production in 2027.