Alibaba said on Tuesday it was planning to split into six units and explore fundraisings or listings for most of them, in the biggest restructuring of the technology conglomerate … the large …
Monthly Archives For March 2023
China tackles chip talent shortage with new courses, higher pay
SHANGHAI, March 29 (Reuters) – China is ramping up efforts to develop home-grown semiconductor talent as it seeks to rapidly fill a shortage of expertise that has been made worse by U.S. efforts to …
China’s Alibaba to break up empire into six units as Jack Ma returns home
SHANGHAI (Reuters) – Alibaba Group is planning to split into six units and explore fundraisings or listings for most of them, it said on Tuesday, in a major revamp as China vows to ease a…
Hot drinks sales growth in China hinges on reopening
Hot drinks sales growth in China is expected to be driven by the reopening of the … as consumers preferred to shop for groceries in stores close to their homes amid the COVID-19 lockdowns and…
U.S.-Taiwan Bond Would Foil Beijing’s Plans
The hard men in Beijing want to divide and conquer.’
China rolls out the red carpet for foreign CEOs, but investors ‘cautiously reconnecting’ after reopening
“They are also cautiously reconnecting with China and need to observe how the country will address urgent economic issues such as sinking export, the unravelling of its real estate, local government …
China’s high-quality development to offer broader room for foreign businesses: vice premier
China will promote its high-standard opening-up in a steadfast manner, implement supportive policies for foreign companies, and continue to build a sound business environment, He said at the “Invest …
Alibaba Leads China Tech Gains as Investors Cheer Breakup Plan
Chinese tech shares jumped on optimism that Alibaba Group Holding Ltd.’s plan to split up its business will mean the further easing of regulatory constraints for the sector. Shares of Alibaba surged …
Australian companies ‘doubling down’ on exports to China despite trade war, AUKUS tensions
“They’re doubling down at the state level and thinking, ‘We need the Chinese — we need to be exporting to China for our growth.'” Professor Golley said despite the federal government’s efforts to …
Alibaba’s $32 Billion Day Signals Breakups Ahead for China Tech
It hived off Alipay in 2010, an unpopular move at the time that nonetheless led to the creation of Ant Group Co. The fintech affiliate controlled by Ma was on the verge of pulling off…
China offers foreign firms big prospects
Vice-Premier He Lifeng said on Tuesday that the sustained and healthy development of the Chinese economy and the advantages of its super-large market offer broad prospects to foreign enterprises …
China urges Apple to improve security and privacy
Apple is keenly aware of China’s importance to its business. In its most recent annual financial results [PDF] the iBiz reported $74.2 billion – almost 19 percent of its $394 billion annual revenue – …
Beijing plans to revamp coordination and allocation of resources
BEIJING: China will encourage domestic enterprises to integrate more deeply into global industrial and supply chains and strengthen the coordination and allocation of resources in key industries such …
