Jack Ma’s finance lieutenant has walked away from Ant Group due to “personal reasons” as Beijing’s clampdown on the fintech giant intensifies. Simon Hu, who took the helm in 2019 having headed up the ……
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Jack Ma’s finance lieutenant walks away in wake of China clampdown
Luxury Retail Giants See Portfolios Revenues Reshuffle in China
Major developers saw record gains in mainland China as high as 60 percent in 2020, but suffered on various degrees in Hong Kong. ( read original story …)
Ant Group CEO Simon Hu resigns three months after failed IPO
Beijing cited the new rules for the abrupt suspension … Ant’s valuation from over $310 billion at the time of the planned IPO to under $200 billion. Earlier this month at the opening of National…
CEO of China’s Ant Group steps down
Tech tycoon Jack Ma’s Alibaba, China’s largest online shopping portal … Ant Group had been set for a record-busting $34 billion IPO in Hong Kong and Shanghai late last year when the double listing ……
Iran Looks to Russia, China As Allies Amid Joe Biden’s Nuclear Deal Push
Iran, bereft of wealthy allies and grappling with U.S. sanctions, sees the two nations as useful counterweights to Washington, D.C. ( read original story …)
China’s Ant Group CEO Departs Amid Regulatory-Driven Revamp
China’s Ant Group Chief Executive Officer Simon Hu has stepped down from his role, the company said on Friday, as the fintech giant is being pushed by regulators to revamp operations after its failed ……
China’s Gen Z investors have turned fund managers into social media stars
As China’s young adults come of age as investors, they’re bringing social media culture to the staid world of investing. ( read original story …)
U.S. Debt Rout Ignites Hunt for New Havens That Ends in China
An upstart contender to U.S. Treasuries has emerged in the wake of last month’s vicious debt rout.Chinese government bonds have defied the turbulence rocking peers from Australia to Europe, offering a … ( read original…
UPDATE 1-Chinese city curbs exporters’ forex transactions to slow yuan rally -sources
Regulators have tightened the screws on foreign exchange transactions in one of China’s main export hubs by restricting conversions of exporters’ dollar earnings, people familiar with the matter said, … ( read original story …)
African swine fever still ‘major risk factor’ for China as it bans Malaysian pig imports over outbreak fears
The deadly African swine fever once killed half of China’s pig population, sending the price of pork skyrocketing, and six small outbreaks have been reported since the start of 2021. ( read original story …)
Blockchain Gets First Mention in China’s 5-Year Policy Plan
Blockchain technology was mentioned for the first time ever in a draft of China’s national five-year policy plan, the final version of which was approved by lawmakers and advisers at the end of an ……
Alibaba-Backed Chinese AI Startup Megvii Files for Shanghai IPO
It now joins Lenovo Group Ltd. in taking advantage of the CDR program Beijing kicked off three years ago to lure promising startups and big names to mainland bourses. — With assistance by Charlie Zhu,…
China’s Ant Group CEO Hu departs amid regulatory-driven revamp
China’s Ant Group Chief Executive Officer Simon Hu has stepped down from his role, the company said on Friday, as the fintech giant is being … ( read original story …)
