“It releases additional value,” said Kenny Ng, a strategist at China Everbright Securities in Hong Kong. “With this expectation, investors will be more positive on Alibaba. It may reflect a new round …
Recent Posts
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assisting independent assessment of a potential animal link to the outbreak of coronavirus in China in late 2019. Global genomic repository Gisaid made the data, which was first made available this …
China’s maritime strategy: To own the oceans by adverse possession
Put differently, China is working to gain ownership of the oceans through adverse possession. The doctrine of adverse possession does not actually exist in maritime law. An Anglo-American property law …
Sunac China unveils sweetened restructuring offer for US$9.1 billion in offshore debt in latest move by a developer
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China urges Apple to strengthen data security
HONG KONG, March 28 (Reuters) – China has urged Apple (AAPL.O) to strengthen its data security and personal privacy protection, the country’s state planner said in a statement on Tuesday. Chairman of …
Column: China’s 2023 crude oil imports set for 6.2% rise, but risks prevail
China’s crude oil imports will average 10.8 million barrels per day (bpd) in 2023, matching the previous record high from 2020, according to the think tank of the country’s leading energy group.
Boss of failed crypto firm accused of China bribe
Fried, head of failed crypto firm FTX, has been accused of bribing at least one Chinese official. In new charges unveiled in the US, officials accuse the entrepreneur of authorising a bribe of “at …
FTX founder Bankman-Fried charged with paying $40 million bribe to China
On Tuesday, Bankman-Fried is accused in new indictment of paying $40 million bribe to unlock frozen crypto in China. (AP Photo/John Minchillo, File) NEW YORK — FTX founder Sam Bankman-Fried was …
China tech giant Alibaba to split into six companies, pursue IPOs
Both Alibaba’s announcement and Ma’s return came as Beijing attempts to reignite confidence in China’s approach to business. The country’s economy has suffered in the wake of a significant regulatory …
Smuggler tries to sneak 239 CPUs past Chinese customs by strapping them to his body
Facepalm: One might imagine that with so many individuals caught smuggling hardware into China, people would decide it just wasn’t worth the risk. But no. Not only has another person tried to avoid …
China spent $240 billion bailing out ‘Belt and Road’ countries – study
China has lent hundreds of billions of dollars to build infrastructure in developing countries, but lending has tailed off since 2016 as many projects have failed to pay the expected financial …
Alibaba stock jumps 10% as the Chinese tech giant begins its biggest reorganization ever and eyes new IPOs
The news comes just a day after cofounder Jack Ma was seen in China for the first time in nearly a year after Beijing’s crackdown on top tech firms. Alibaba plans to divide its business…
Jack Ma’s Alibaba empire to be broken up after Beijing crackdown
China’s regulatory crackdown has weighed on Alibaba’s share price, which has fallen around 70pc since November 2020, when Mr Ma attracted the ire of Beijing officials … and potentially to seek its …