Jack Ma’s voting rights in financial technology giant Ant Group were lowered to 6.2% from 53.4%, though he still has a significant economic interest in the company.
Tagged By business
China: Timing of recovery is a big question mark
China has drastically eased its Covid-19 measures. Both domestic mobility and international traffic should increase in 2023. But the question is in …
China Issues Massive Oil Import Quotas As It Reopens Borders
China’s oil demand looks set to rebound this year as the country has issued a massive batch of import allowances for its independent refiners …
China Finds Replacement For Russian Coal
China announced an increase in its own coal production, as well as the restoration of supplies from Australia, writes Reuters. The export of Russian coal, according to the news agency, is complicated …
China’s Opaque Decision-Making Confounds Business, Governments
Foreign officials and executives struggle to predict Beijing’s moves in what has become an impenetrable process as Xi Jinping has accumulated more power.
China’s zero-Covid policy ends and marks a positive signal for beauty brands
China signals it is softening its strict zero-Covid policy. Chinese people in tier 1 cities are no longer required to perform daily Covid tests. China authorities finally announced to relax its travel …
Ire over Tesla’s surprise China price cuts highlights challenge for premium EV brands as consumers tighten budgets
The ire over the US carmaker’s sudden price change indicates that sales growth will be difficult for premium brands this year, an analyst says.
Honda’s JV with GAC ends production of Acura brand in China
Chinese carmaker Guangzhou Automobile Group (GAC) said on Monday its joint venture with Honda Motor is no longer producing or selling products under the Japanese firm’s premium Acura brand. GAC will …
Alibaba Stock Leaps As Jack Ma Cedes Ant Control, Beijing Eases Crackdown
We’ll encourage (tech platforms) to come out strong in leading economic growth, creating more jobs, and competing globally,” said CCP secretary Guo Shuqing.
Once the Apple of Beijing’s eye, Alibaba’s Jack Ma really has become just another Ant
Belittled and probably terrified Chinese entrepreneur Jack Ma has officially ceded control of the fintech giant Ant Group.
What the West Doesn’t Know About China’s Silicon Valley
Novelist Ning Ken’s history of Beijing’s Zhongguancun district shows how two generations of professors and tech entrepreneurs helped make the country more open.
China issues second set of 2023 oil import quotas, up from 2022
China issued a second batch of 2023 crude oil import quotas, according to two sources with knowledge of the matter and documents reviewed by Reuters on Monday, raising the total for this year by 20%…
Hong Kong pushes ahead with crypto hub plans as tech firms, startups show interest: financial secretary
Hong Kong will continue pushing ahead with the development of the Web 3.0 industry as it aims to become a regional hub for the nascent industry despite the series of collapses of crypto exchanges, …
