Shanghai stock exchange suspends Ant Group’s IPO
HONG KONG/NEW YORK – China suspended Ant Group’s $37 billion listing on Tuesday, thwarting the world’s largest stock market debut with just days to go in a dramatic blow to the financial technology firm founded by billionaire Jack Ma. The … Continue reading Shanghai stock exchange suspends Ant Group’s IPO
U.S. allows Samsung limited panel supply to Huawei
SEOUL – Samsung Electronics’ display unit has received licenses from U.S. authorities to continue supplying certain display panel products to Huawei Technologies [HWT.UL], a source familiar with the matter told Reuters on Tuesday. With U.S.-China ties at their worst in … Continue reading U.S. allows Samsung limited panel supply to Huawei
Flights between China and Europe continue to rise
Frankfurt – After Air France restarted weekly flights to Beijing in August as the first airline in Europe to resume service to Beijing amid the pandemic, more and more airline companies are resuming their traffic between Europe and China. The … Continue reading Flights between China and Europe continue to rise
China: Stock market boom, billionaires at record pace
SHANGHAI – China is minting new billionaires at a record pace despite an economy bruised by the coronavirus pandemic, thanks to booming share prices and a spate of new stock listings, according to a list released on Tuesday. The Hurun … Continue reading China: Stock market boom, billionaires at record pace
Alibaba: Digitalization is the ‘Biggest Opportunity of Our Time’
Hangzhou – Closing out Alibaba’s annual Investor Day event on Wednesday, Chairman and CEO Daniel Zhang told viewers tuning in virtually that there had been internal discussion about whether business strategy and priorities needed a revamp to restore normalcy and … Continue reading Alibaba: Digitalization is the ‘Biggest Opportunity of Our Time’