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3 mins read
China's stock markets are partying like it's 2008, overwhelming systems
The euphoria was thanks to Beijing's big-bang stimulus announcement, that showed urgency and concer…
Huileng Tan
5 mins read
The odds of no interest-rate cuts in 2024 are growing
In today's big story, we're looking at the chances of there being no rate cuts this year, and how t…
Dan DeFrancesco
3 mins read
The Evergrande crisis and Beijing's tech crackdown have rattled investor confidence in China, but 2 experts say they're still bullish on the world's 2nd-largest economy
"I believe very strongly that Chinese tech will weather the current rough storms," Fred Hu of Prima…
Isabelle Lee
2 mins read
Warren Buffett's Berkshire Hathaway could bag a 60% profit when Paytm goes public
The billionaire investor's company plans to sell at least some of its 2.8% stake in Paytm when the …
Theron Mohamed
2 mins read
The West is seeking to take back Russia's shadow fleet of oil tankers, sanctions official says
"What we want to do is force volumes back into the G7 fleet," sanctions official Olga Dimitrescu sa…
Filip De Mott
2 mins read
Alibaba jumps as cloud business reports first-ever quarterly profit
Alibaba reported a $3 million profit from its cloud business for the December quarter on record-bre…
Will Daniel
2 mins read
Alibaba shares hit 6-month high after Jack Ma cedes control of Ant Group, amid a broad rally in Asian shares
Alibaba share rose 9% after news emerged that Ma was ceding control of Ant Group, following China's…
Huileng Tan
3 mins read
Jack Ma's wealth tumbles by $12 billion in 2 months as China seeks to shrink the billionaire's financial empire
Jack Ma's net worth has dropped from about $62 billion to $50.9 billion, according to the Bloomberg…
Shalini Nagarajan
2 mins read
Ant Group's record $34.5 billion IPO suspended in Shanghai and Hong Kong a day after Jack Ma met with Chinese regulators
Changes in the financial-technology regulatory environment disqualified Ant Group from meeting info…
Shalini Nagarajan
2 mins read
Jack Ma is no longer China's richest person after his confrontation with the state's financial regulators
He lost the top spot "after China's regulators reined in Ant Group and Alibaba on anti-trust issues…
Shalini Nagarajan
2 mins read
Jack Ma's Ant Group raises its funding target to $35 billion, likely making it the largest IPO ever
When Ant goes public, it will likely earn a massive valuation that puts it ahead of Saudi Aramco's …
Shalini Nagarajan
2 mins read
Jack Ma's Ant Group files for IPO, which could reportedly be the biggest ever
The company is targeting a $225 billion valuation and could raise a record $30 billion in the IPO i…
Ben Winck
2 mins read
Jack Ma's fintech Ant Group is planning a massive dual-listing IPO in Shanghai and Hong Kong, skipping New York
One beneficiary of the Ant IPO? Jack Ma's Alibaba, which acquired a 33% stake in the fintech compan…
Matthew Fox
2 mins read
Ant Group's $35 billion IPO could be back in play because it plans a JV with China-backed firms, report says
Chinese regulators had ordered Ant Group to restructure before allowing the fintech giant to comple…
Sophie Kiderlin
2 mins read
Fidelity cuts Ant Group's valuation in half to $144 billion after regulatory crackdown in China
Ant Group had been valued at nearly $300 billion by Fidelity ahead of its anticipated IPO, which wa…
Matthew Fox
2 mins read
Jack Ma's Ant Group aims to raise $34.5 billion in largest IPO of all time
The company aims to evenly split its 1.67 billion-share debut across the Hong Kong and Shanghai exc…
Ben Winck
2 mins read
China's Xi Jinping personally halted Ant's record-breaking $37 billion IPO after boss Jack Ma snubbed government leaders, report says
A week before Ant was set to go public, Ma made incendiary comments that didn't go down well with t…
Shalini Nagarajan
1 min read
Ant Group's IPO could be delayed more than 6 months amid regulatory pressure that may slash its valuation, report says
Lawyers involved in the listing of Ant's shares said the company would have to submit a new IPO pro…
Matthew Fox
2 mins read
Ant's record-breaking IPO attracts $3 trillion in retail-investor bids
Shares set to debut in Shanghai were oversubscribed 872 times, while the Hong Kong portion saw bids…
Ben Winck
2 mins read
Ant Group's record-shattering IPO is highly unlikely to get done in 2021, a new report says
The delay in Ant Group's IPO has led some analysts to slash its valuation estimate in half, accordi…