The Chinese fintech giant had expected to raise an unprecedented $35 billion in its stock market debut. But concerns that regulatory oversight could get in the way are now being proven right. ( read original story ...)
Hong Kong stock market debut of online finance giant Ant Group postponed; move follows similar postponement in Shanghai
Hong Kong stock market debut of online finance giant Ant Group postponed; move follows similar postponement in Shanghai ... ( read original story ...)
China’s world-beating stock market tops US$10 trillion for first time since 2015 as economy shakes off Covid-19 pain
has exceeded US$10 trillion in total capitalisation for the first time since the infamous rout in 2015, with the benchmark gauge topping all major global equity indexes as the government brought ... ( read original story ...)
Delivery warehouse in China is operated by robots
A Chinese warehouse belonging to e-commerce giant Alibaba successfully increased its production rate by 300 percent by incorporating robots into the workflow. ( read original story ...)
Property market frenzy and a deep recession reveal the reality of two unequal Hong Kongs
Stock market and real estate excitement contrasts with Hong Kong’s prolonged recession amid the pandemic and rising unemployment. The government’s decision to abandon a vacancy tax on unoccupied flats ... ( read original story ...)
In Halting Ant’s I.P.O., China Sends a Warning to Business
Investors in what would have been the world’s largest share sale are getting refunds, as Beijing shows entrepreneurs the importance of listening to the Communist Party. ( read original story ...)
China’s central bank says Ant IPO halted to safeguard investors, consumers
The move comes amid broader efforts by Chinese policymakers to prevent systemic financial risks and curb rising debt ... ( read original story ...)