China's Alibaba Group has put on hold plans to invest in Indian companies, two sources aware of the plans told Reuters, amid souring business relations and rising political tension between the two nations after a clash on their Himalayan border.
Back in 2008, Alibaba (NYSE: BABA) co-founder Jack Ma mocked China's video game market and declared his company "would rather starve to death than live on games." Ma reiterated that stance two years later, declaring Alibaba wouldn't invest a single "penny" in video games.
China's Alibaba Group has put on hold plans to invest in Indian companies, two sources aware of the plans told Reuters, amid souring business relations and rising political tension between the two nations after a clash on their Himalayan border.
China is the largest digital commerce economy in the world and, according to researcher eMarketer, is on pace to pass the U.S. as the largest retail market outright in 2020. Though dominated by names like Alibaba (NYSE: BABA), e-commerce is still very much a growth industry on t
The NASDAQ 100 Pre-Market Indicator is up 34.17 to 11,755.98. The total Pre-Market volume is currently 14,531,476 shares traded.The following are the most active stocks for the pre-market session: NIO Inc. (NIO) is +1.2 at $19.04, with 11,044,935 shares traded., following a 52-w
U.S. asset manager Vanguard Group will close its Hong Kong and Japan operations and cut jobs across both cities as it shifts its Asian headquarters to Shanghai, it said on Wednesday.
U.S. asset manager Vanguard Group said on Wednesday it will close its operations in Hong Kong and Japan and exit Hong Kong exchange-traded funds, citing unsupportive "industry dynamics".
Ant Group, the Chinese financial technology giant backed by Alibaba Group, gave the public a first look at its financial health on Tuesday when its filed for a dual listing in Hong Kong and Shanghai in what is potentially the world's largest IPO.[nL4N2FR2H1]
Chinese electric vehicle maker Xpeng could raise as much as $1.275 billion from its U.S. initial public offering (IPO) after flagging that its shares would be priced at $15, two sources with direct knowledge of the matter said.
Ant Group's planned sale of up to $30 billion worth of shares is set to revive fortunes for Hong Kong Exchanges and Clearing Ltd (HKEX) which fell to fifth rank as a destination for initial public offerings (IPOs) in the first half of 2020.
With chat groups, video streams and low prices for foundation, China's Perfect Diary has emerged from nowhere four years ago to become a cosmetics giant for the digital age, trailing only L'Oreal and LVMH in the world's no. 2 market for make-up.
Ant Group, Alibaba's fintech arm and China's dominant mobile payments firm, filed for a dual listing in Hong Kong and on Shanghai's Nasdaq-style STAR Market on Tuesday and could raise as much as $30 billion in what would be the world's largest IPO.
A compilation of the most active stocks on U.S. exchanges. For faster updates on individual market-movers, Eikon users please use search string "STXBZ US" and Thomson One users please search "RT/STXBZ US".
Pinduoduo's (NASDAQ: PDD) stock recently tumbled after the Chinese e-commerce company posted mixed second-quarter earnings. Its revenue rose 67% annually to 12.19 billion yuan ($1.73 billion), but missed estimates by $10 million. Its non-GAAP net loss narrowed from 411.3 million
Alibaba (NYSE: BABA) and JD.com (NASDAQ: JD), the two largest e-commerce companies in China, both recently posted earnings reports that dazzled investors.
As the United States steps up its campaign to block China from acquiring key technological know-how, the winding journey of a pioneering Silicon Valley computer chip firm is showing just how tough a task that can be.
Ant Group, Alibaba's fintech arm and China's dominant mobile payments firm, filed on Tuesday for a dual listing in Hong Kong and on Shanghai's Nasdaq-style STAR Market which could raise as much as $30 billion and become the world's largest IPO ever.
Ant Group, Alibaba's fintech arm and China's dominant mobile payments firm, on Tuesday filed for a dual listing in Hong Kong and on Shanghai's Nasdaq-style STAR Market which could raise as much as $30 billion and become the world's largest IPO ever.
Taiwan will not allow Chinese companies to "pull a fast one" by using indirect methods to bypass rules and regulations to operate in the island's market, Premier Su Tseng-chang said on Tuesday.