China’s Services Sector Posts Slowest Growth in Five Months as Demand Softens 
Sam Altman Reportedly Explored Funding for Rocket Venture in Potential Challenge to SpaceX 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
Apple Eyes U.S. Formula 1 Broadcast Rights in Major Sports Streaming Push 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
Trump Threatens Stadium Deal Over Washington Commanders Name 
Trump Administration to Secure Equity Stake in Pat Gelsinger’s XLight Startup 
Why is soccer fandom so linked to violence? 
UPS MD-11 Crash Prompts Families to Prepare Wrongful Death Lawsuit 
European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
IKEA Launches First New Zealand Store, Marking Expansion Into Its 64th Global Market 
IKEA Expands U.S. Manufacturing Amid Rising Tariffs and Supply Chain Strategy Shift 
Australia’s major sports codes are considered not-for-profits – is it time for them to pay up? 
ONE Championship expects to turn a profit in three years after its losses increase 125 percent on year to US$111 million for 2021.
Singapore-based ONE’s revenue grew 19.1 percent on year to $67.7 million, with broadcasting revenue contributing over $50.1 million to the total.
More than 97 percent of ONE’s total revenue consists of the transfer of goods or services over time.
ONE’s founder, chairman, and CEO Chatri Sityodtong said the company expects revenue to hit at least US$80 million this year and to become profitable in the next three years.
According to ONE’s chief financial officer, Hua Fung Teh, revenue will grow very quickly once they have strong brand recognition and content to attract viewers in overseas markets, adding that trying to monetize too early would limit their growth.
Sityodtong described ONE’s balance sheet as “the strongest in its history, and there’s plenty of opportunity”.
He added that ONE will stage its first events in the US in the first half of next year onwards.
ONE continues to attract investors, including venture capital firm Sequoia Capital and Singapore’s sovereign wealth fund. In December, New York-based Guggenheim Investments and the Qatar Investment Authority led the promoter’s $150 million equity financing round, which reportedly gave the business a valuation of more than US$1 billion.
