TENCENT Holdings-backed WeDoctor plans to file for an initial public offering (IPO) by the end of April, the latest sign of increased capital activity from China’s Internet companies as regulators …
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UBS Sees Wealth Business Boost as China Reopens, Looks to Hire
UBS Group AG predicts an increase in business for its the bank’s key wealth division in Asia this year after a difficult period last year and is looking to add talent, its Asia Pacific president…
What does Jack Ma giving up control of Ant mean for its IPO reboot?
Chinese regulators torpedoed Ant Group’s would-be record US$34.5 billion (S$46 billion) initial public offering (IPO), sending shock waves across global capital markets. New rules have been slapped on …
No plan to launch IPO, Ant Group says
An Ant Group office building in Hangzhou, East China’s Zhejiang province. [Photo/IC] Alibaba’s financial arm Ant Group said on Monday that it has no plan to initiate an initial public offering …
Harnessing physical space to spur exports
But, displaying resilience and imagination, they are defying physical realm constraints and even chartering flights to travel to all parts of the globe, in order to attend trade shows, build rapport …
Jack Ma is giving up control of Ant. What does that mean for Ant’s IPO reboot?
The next big question for Ant is whether it will get another chance at going public now that billionaire Jack Ma, China’s most-famous entrepreneur, is ceding control. 1. What would need to happen for …
China’s ambitions for de-dollarisation take another step forward
China’s latest efforts to broaden interest in its onshore currency market show a firm commitment to bolstering the yuan’s global appeal as Beijing works on its approach to chip away at the US dollar’s …
Have no plan for IPO, focussing on business optimisation: China’s Ant
China-based Ant Group has said it has no plans for an IPO and has been focussing on its “business rectification and optimisation”. Earlier, Ant said Billionaire Jack Ma no longer holds a controlling …
China’s Open Borders Mark Covid Zero End and Spark Homecoming Rush
There was jubilation and heartache in cities across China as the long-awaited border reopening — the final step in country’s dismantling of Covid Zero — sparked a homecoming rush for many diaspora. Gu …
South Asia braces for more inflation woes as China reopens, eases zero-Covid policy
China’s reopening is expected to deepen inflation woes with a surge in demand driving up prices across South Asia, one of the world’s poorest regions.
China sharpens focus on energy security as Ukraine war raises supply crunch risk
China is stepping up oil and gas exploitation to build a resilient energy supply against the risks of a possible crunch exacerbated by the war in Ukraine. The war, which has lasted 11 months and…
Ant Group says no plan for IPO, focusing on business optimisation
China’s fintech giant Ant Group has no plan to initiate an initial public offering (IPO), it said on Sunday in an emailed statement to Reuters.
China’s Visa and Passport Backlog Obstructs Business Travel Reboot
The situation on the ground in China isn’t ideal as the country readies to remove its travel restrictions this weekend. The head of one major corporate …
