Chinese chipmakers have surged in the past year, boosted by Beijing’s support for self-sufficiency in semiconductors and as adoption of 5G and artificial intelligence prove resilient amid the pandemic ... ( read original story ...)
Asia markets to open lower on pandemic worries, shrugging off US equities upswing
following an outbreak of the novel coronavirus disease (COVID-19), on The Bund in Shanghai, China March 18, 2020. REUTERS/Aly Song/File Photo NEW YORK: Asia shares were set to open lower on Wednesday ... ( read original story ...)
Xi’s Radical Stock Market Reforms Shield China Firms From U.S
A plan by President Xi Jinping hatched in late 2018 to liberalize China’s constrained stock market and prevent home-grown tech firms from flocking to New York is turning out to be a prescient move. ( read original story ...)
Markets end higher for fifth straight session; Sensex, Nifty surge 1.3% each
Power Grid, HDFC, ICICI Bank, Maruti among top gainers on Sensex.On the Nifty, 32 stocks advanced, while the rest declined ... ( read original story ...)
Alibaba’s Ant Group plans Shanghai, Hong Kong IPOs
Alibaba Group has kicked off IPO proceedings for its mobile payment business, Ant Group, in Hong Kong and Shanghai, where it reportedly is eyeing a $200 billion valuation. The listings are touted, ... ( read original story ...)
Why Jack Ma’s Ant Group chose a dual IPO in Hong Kong and Shanghai and not New York
READ FULL ARTICLE To underscore that, Alibaba sold control of Alipay in 2011 so that the Ant unit could apply for a mainland China payment business licence ... its debut in Hong Kong in June 2006 and ... ( read original story ...)
Alibaba’s Ant Financial plans Shanghai, Hong Kong IPOs
Alibaba Group has kicked off IPO proceedings for its mobile payment business, Ant Financial Services Group, in Hong Kong and Shanghai, where it reportedly is eyeing a $200 billion valuation. The ... ( read original story ...)