Hong Kong stocks underperformed the region as sentiment was dealt a blow by the cancellation of a Hong Kong IPO of Alibaba Group’s logistic unit and a cautious outlook from electric vehicle maker BYD.
BUSINESS
Alibaba scraps Cainiao IPO plans, proposes acquisition: ‘Poor market conditions’
China’s e-commerce pioneer Alibaba Group Holding Ltd. decided to postpone the transaction because of poor market conditions.
Apple iPhone shipments in China fell 33% in February, state data show
It extends a slump in demand for the iPhone in its most important overseas market. Read more at straitstimes.com.
More Chinese Companies to Be Added to U.S. Import Ban List
A list of companies banned over forced labor concerns is expected to grow in the next few months, says Laura Murphy, a Homeland Security adviser.
Alibaba scraps logistics arm’s IPO after market turmoil worsens
It’s the second time Alibaba has nixed a high-profile debut for one of its main businesses. Read more at straitstimes.com.
IPOs Still Face a High Bar, Despite Upbeat Debuts
Startup CEOs are feeling practically poetic after watching Reddit and Astera Labs trade up following their public debuts in recent days. It feels like “the sun peeking through the clouds after a long …
China’s UK Hacking Hardens Cold War Battle Lines
Conservative MP Tim Loughton, former Conservative leader, Iain Duncan Smith and SNP’s former defense spokesman Stewart McDonald from the Inter-Parliamentary Alliance on China, hold a press conference …
Crypto miner, Pennsylvania hit with lawsuit over pollution from bitcoin mine
An environmental community group on Tuesday sued Stronghold Digital Mining Inc , claiming the company’s bitcoin mine in northeastern Pennsylvania that burns waste coal and old tires for energy is …
Scotland and its crypto laundering schemes – A tale
Forget the misty lochs and rugged highlands usually associated with Scotland. Let’s dive into a swampier terrain, where the only dragons lurking are digital, …
China’s foreign investment, confidence push gathers speed as top officials highlight ‘win-win opportunities’
Nearly all of China’s top-level officials responsible for economic affairs have met or have plans to meet with multinational executives amid Beijing’s push to revive confidence and lure foreign …
Trump’s China tariffs would be inflationary, but that can be fixed
If reelected, former President Donald Trump promises more radical measures than during his first term, including a 60% tariff on Chinese imports. Those wouldn’t eradicate trade with China or …
China news: Boy grows up in ‘financial difficulty’, learns after graduation father owns ₹692-crore business
Zhang Zilong, heir to Mala Prince, initially thought his family was in debt. Despite his newfound wealth, he aims to avoid the ‘fu er dai’ label in China.
Anti-Dumping Probe Initiated On Aluminium Foil Imports From China
If the DGTR establishes that dumped imports have caused material injury to the domestic industry, it may recommend imposing anti-dumping duties on the inbound aluminium foil shipments from China. Such …
