In July, my colleague Anjani Trivedi and I wrote that its IPO would run the risk of exposing how volatile and unsteady China’s financial regulations can be. A blockbuster listing felt almost too good ……
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China pushes Alibaba founder Jack Ma to downsize his finance business
The country’s regulators have ordered the Ma-founded Alibaba affiliate Ant Group to scale down its business. In particular, they’ve ordered the company to “return to its origins” as a payment provider … ( read original…
Alibaba’s Woes Deepen in China Over Ant Group. Why the Stock Is Starting to Look Oversold.
China’s regulators have instructed Alibaba’s sister financial company Ant Group to “return to its origins” as a simple payments network. ( read original story …)
Converse recasts itself as ‘brand of youth’
In a self-conducted market survey, Converse has found many consumers in China consider it an old brand. The finding has pushed the sportswear maker to launch campaigns and innovations to change that … ( read…
China’s Economy Is Still Months Away From a Full Recovery, Business Survey Finds
China has not fully recovered from the shock of the coronavirus pandemic, business leaders said in a survey by the China Beige Book released Tuesday. ( read original story …)
Boost Your Brand By Tapping Into China’s Social Commerce Success
Sales like these compete with, if not surpass, brick-and-mortar sales for many brands. Marketers must work on gaining a deeper understanding of the Chinese region’s local social media channels in … ( read original story…
Kelly Evans: China gets goaded into a smackdown
The line that’s mostly being cited is Ma quoting Xi as saying “Success does not have to come from me.” Ma was using that line to suggest that China is open to innovation. Ma also…
Beijing’s Alibaba crackdown knocks £150bn off China’s tech giants
Beijing’s regulatory crackdown on China’s biggest technology company Alibaba has triggered a widespread sell-off among the country’s internet giants, with around £150bn wiped off the four top … ( read original story …)
China has ordered Ant Group to overhaul its goliath financial business and ‘return to its payment origins’
Jack Ma’s Ant started as a payments processor for Alibaba before veering into other financial services, and now China is investigating both firms. ( read original story …)
That Decoupling Sound: China, the US and a Year of CBDCs
China and the U.S. faced off over trade and technology bans. But the battler for monetary hegemony has only just begun. ( read original story …)
China stocks climb on upbeat industrial profit data
China stocks rose on Monday, helped by strong industrial profit data that underscored a continued recovery in the world’s second-largest economy. ** The CSI300 index rose 0.7% to 5,078.60 by the end … ( read…
China’s auto imports, exports grow further in November
China’s automobile imports and exports expanded further in November, according to data provided by the China Association of Automobile Manufacturers (CAAM). Last month, the import and export volume of … ( read original story …)
China tells Ant Group to quickly overhaul its business
China has ordered the country’s biggest online payments platform to overhaul large swaths of its operations as regulators continue their efforts to rein in some of the most powerful Chinese internet … ( read original…
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