Billionaire Jack Ma’s Ant Group Co. delivered about 14.5 billion yuan ($2.3 billion) in profit in the quarter right before Chinese regulators brought down the hammer on the financial technology … ( read original story…
Tagged By business
Alibaba Q3 2020: Revenue tops $33 billion as retail climbs, cloud business moves to profit
Alibaba Group reported Q3 2020 results (.PDF), ending December 31, 2020, of $33.8 billion, up 37% year-over-year, with diluted earnings per share (EPS) (AD … ( read original story …)
Alibaba Q3 earnings: Company’s sales surge, even as crackdown in China intensifiesintensifies
Alibaba reported a big quarter for its e-commerce business. But China’s most famous tech firm is still poised to face nervous investors on Tuesday as a regulatory crackdown by Beijing and co-founder … ( read…
Euro economy burdened by pandemic, seen lagging US and China
The European economy shrank 0.7% in the last three months of 2020 as businesses were hit by a new round of lockdowns aimed at containing a resurgence of the … ( read original story …)
Blockchain 50
Bitcoin’s 2020 surge grabbed the attention of C-suite executives worldwide; not only are companies employing the technology underlying Bitcoin to perform tasks such as reconciling invoices and … ( read original story …)
Forbes Blockchain 50 – Inside The Class Of 2021
Technological adoption is never a linear progression, but in producing the Forbes Blockchain 50 for the third consecutive year we are starting to identify some interesting trends and tell-tale signs … ( read original story…
Daqo New Energy Updates On Xinjiang Daqo’s Potential IPO In China
Daqo New Energy Corp. (DQ), in an update on the status of the proposed initial public offering and listing of the shares of its … ( read original story …)
Alibaba prepares to face investors as crackdown in China intensifies
Alibaba is coming off what was likely a big quarter for its e-commerce business. But China’s most famous tech firm is still poised to face nervous investors on Tuesday as a regulatory crackdown by ……
‘We’re in a state of flux’: Kerr Neilson studies crypto
In all things Reddit versus Wall Street, and cryptocurrencies, Kerr Neilson is keeping an open mind. “You can’t simply stand by and declare ‘this is a bubble, it’s completely out of hand’.” … ( read…
US threatens Myanmar sanctions, Robinhood raises $2.4bn, Kuaishou’s IPO
Joe Biden has threatened to impose sanctions on Myanmar after the military seized power in a coup, and Robinhood raises another $2.4bn to shore up finances strained by turbulent trading. Plus, the FT’ … (…
Beauty for a ‘lifetime’: Shiseido’s latest brand EFFECTIM taps China’s demand for anti-ageing beauty devices
Japanese beauty company Shiseido has debuted EFFECTIM, a new anti-ageing skin care brand targeted at China’s skin care market, where anti-ageing products and beauty devices are in high demand. ( read original story …)
Chinese property developer Country Garden moves up to the 87th position on Brand Finance Global 500 2021 list
Leading UK-based brand valuation consultancy Brand Finance recently released the Global 500 2021 list, with Chinese property developer Country Garden (stock code: 2007.HK) ranking 87 th, having moved … ( read original story …)
China State Media Celebrates Top Entrepreneurs. But Not Jack Ma
Jack Ma was conspicuously absent from a list of China’s entrepreneurial greats published by state media Tuesday, underscoring how the the iconic Alibaba co-founder has run afoul of Beijing. ( read original story …)
