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Jeff Bezos said he will focus his energy on new products and early initiatives

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Chief executive of Amazon Jeff Bezos is stepping down to become executive chair and is set to transition to his new role in the third quarter of the year.

In a 2 February press release, the online retail behemoth said that Bezos will hand the reins over to Andy Jassy, the CEO of the company’s cloud computing services.

Jeff Bezos steps down as Amazon CEO to take on executive chair role

Bérengère Sim

Amazon

Private markets and competition for IPOs mean no respite for AIM’s woes

Trump is obsessed with crypto. But the UK can still lead the way on tokenisation

Why has HSBC failed? Former bankers blame the stifling culture and bureaucracy

Trading Places: BNP’s new COO, Clifford Chance poaches from KKR

https://images.fnlondon.com/im-329118?size=1.5

Find out who is on the move in the City and beyond this week

Clifford Chance hires KKR director in London private equity drive

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Magic Circle firm boosts London private equity offering

Proskauer Rose hires Hogan Lovells private equity partner in London

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The hedge-fund founder is asking triple what he paid for the Bali-inspired Manalapan estate in 2017.

British Billionaire Chris Rokos Wants $150 Million for His Florida Mansion

The announcement comes as USS Investment Management said it won’t bid for the property firm.

KKR Floats $1.97 Billion Non-Binding Offer for London-Listed Assura

KKR Floats $1.97 Billion Non-Binding Offer for London-Listed Property Firm Assura

The U.S. private-equity firm said t decided not to begin a tender offer for the Japanese software company after consulting with Fuji Soft founder Hiroshi Nozawa.

Successful firms are increasingly split between behemoths with several business lines and those focusing on their roots of buying companies.

The New Survival Guide for Private Equity: Go Big or Get Back to Basics

The Chinese technology giant has begun tests to integrate homegrown startup DeepSeek’s AI model into its Weixin messaging app.

Tencent Shares Rise as App Launches DeepSeek Testing

Tencent Shares Hit More Than Three-Year High as App Launches DeepSeek Testing

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Financial News

British Billionaire Chris Rokos Wants $150 Million for His Florida Mansion

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Tencent Shares Rise as App Launches DeepSeek Testing