Virgin Australia Collapses as Virus Wipes Out Global Air Travel

Virgin Australia Collapses as Virus Wipes Out Global Air Travel

Virgin Australia Holdings Ltd. became Asia’s first airline to fall to the coronavirus after the outbreak deprived the debt-burdened company of almost all income. Administrators at Deloitte, who have taken control of the Brisbane-based carrier, aim to restructure the...
Singapore’s Quest Closes First Round of $50 Million Venture Fund

Singapore’s Quest Closes First Round of $50 Million Venture Fund

Quest Ventures, a Singapore venture capital firm, said it completed the first close of a planned $50 million fund. Quest, founded by James Tan, raised the money from investors including Pavilion Capital of Singapore and QazTech Ventures of Kazakhstan. It’s the firm’s...
Fortnite Maker Epic Games Is Fundraising at Above $15 Billion Value

Fortnite Maker Epic Games Is Fundraising at Above $15 Billion Value

Epic Games Inc., the Fortnite videogame maker and owner of the Houseparty app that has exploded in popularity during the pandemic, has held talks to raise a new round of funding valuing it above its last valuation of $15 billion, according to people familiar with the...