Stock markets were mixed Tuesday ahead of a U.S. inflation update that traders hope will encourage the Federal Reserve to ease off plans for more interest rate hikes. Shanghai and Tokyo rose. ( read original story ...)
Alibaba’s Ant Could Be Marching Toward An IPO, CNY’s Remarkable Ghost Rally
Jack Ma’s voting rights in financial technology giant Ant Group were lowered to 6.2% from 53.4%, though he still has a significant economic interest in the company. ( read original story ...)
Share Market LIVE: SGX Nifty hints at positive start for Sensex, Nifty; TCS Q3 results eyed
Domestic equity indices are likely to open in green, hints SGX Nifty. The nifty futures on the Singaporean exchange were trading 129.5 points or 0.72% higher at 18,088.5 on Monday. The stock indices ... ( read original story ...)
Shares of Ant-linked firms rise after news of Jack Ma ceding control; Alibaba jumps
Hong Kong-listed shares of Ma's Alibaba jumped more than 5%. Shares of Longshine Technology Group Co Ltd, Jilin Zhengyuan, Shanghai Golden Bridge Infotech Co, Orbbec Inc and Hundsun Technologies, in ... ( read original story ...)
Jack Ma Is Giving Up Control of Ant. What Does That Mean for Ant’s IPO Reboot?
Chinese regulators torpedoed Ant Group Co.’s would-be record initial public offering, sending shock waves across global capital markets. New rules have been slapped on the fintech giant, which has ... ( read original story ...)
Citic, CICC to thrive in 2023 as Chinese stock market recovery boosts brokerage revenues
The industry, whose biggest players include Citic Securities and CICC, will probably post a 21 per cent profit increase this year, CCB International predicts Average daily turnover in the onshore ... ( read original story ...)
No plans for IPO, Ant Group tells Reuters
The wait is two years on Shanghai's Nasdaq-style STAR market, and one year in Hong Kong. Ant's US$37 billion IPO in Hong Kong and Shanghai, which would have been the world's largest, was cancelled at ... ( read original story ...)