Singapore Exchange Ltd. has announced a new product that has been described as the "most brilliant use of finance."
All banks hire techies to manage back-end applications. However, the transformation at Singapore's DBS is both customer-centric and increasingly material for investors.
Wang Jianlin miscalculated badly. Going for an "asset-light" strategy, he wanted to build fewer apartments and spend more time managing shopping malls and theme parks, while hunting for what he deemed more lucrative media assets.