(Photo by: Geography Photos/Education Images/Universal Images Group via Getty Images) Education Images/Universal Images Group via Getty Images “In the spring of 2020, as Covid-19 was beginning to take its awful toll in the United States, three words offered a glimmer of hope: flatten the curve.” “What we need to do is flatten that down.” –…
Alibaba cofounder and billionaire Jack Ma (Photo by Wang He/Getty Images) Getty Images Chinese e-commerce giant Alibaba has managed to excite investors by announcing plans to split itself into six smaller units, which would, in theory, help to unlock value for shareholders as each business can now pursue an independent listing or outside financing. But…
Huawei billionaire Ren Zhengfei’s daughter Meng Wanzhou (Photo by Karen Ducey/Getty Images) Getty Images Meng Wanzhou, the daughter of Huawei’s billionaire founder Ren Zhengfei, will take up the role of rotating chairman of the telecom company starting from April 1 in a management reshuffle that offers a glimpse of its succession plans as it continues…
Alibaba cofounder Jack Ma. Philippe LOPEZ/AFP Chinese e-commerce giant Alibaba has announced plans to split into six business units, leading shares to rally on investor optimism that the restructuring will spur more initial public offerings in the future. Alibaba’s shares surged more than 14% in Hong Kong during Wednesday morning trading, after Chief Executive Officer…
China Last Night KraneShares Alibaba (9988 HK, BABA US) announced after the close it will become a holding company comprised of the below six business groups in order to “unlock shareholder value and foster market competitiveness” in order to “capture market opportunities and stimulate growth”. The business group can raise funds and go public as…
Financial interest of the petroleum industry and petrodollar concept with close up on a barrel of … [+] oil spilled over a stack on dollars and the spill spreading across the banknotes getty While most investors were trying to gauge the Federal Reserve’s next moves in light of recent bank failures last week, something interesting…
TOPSHOT – A laboratory technician wearing personal protective equipment (PPE) works at a Covid-19 … [+] testing laboratory in Haian in China’s eastern Jiangsu province on April 27, 2022. – Despite struggling to defeat the country’s worst Covid outbreak in two years, the leadership is digging in its heels with a strict zero-Covid policy that…
TikTok CEO Shou Zi Chew testifies before the House Energy and Commerce Committee hearing on “TikTok: … [+] How Congress Can Safeguard American Data Privacy and Protect Children from Online Harms,” on Capitol Hill. (Photo by Jim WATSON / AFP) (Photo by JIM WATSON/AFP via Getty Images) AFP via Getty Images What brings Democrats and…
China Last Night KraneShares Week in Review Asian equities had a decent week on strong volumes as most bank contagion fears subsided and the China internet names came roaring back. Pinduoduo and Tencent reported earnings this week. Tencent’s results were strong, while Pinduoduo’s results led to investor concerns about increased marketing expenses. Evergrande was back…
When you unshackle 1.4 billion consumers who have been penned up at home for three years, it’s reasonable to expect some fireworks. For the residents of Mainland China, life under “zero COVID” policies was a dreary round of rolling travel restrictions and lockdowns – as if the United States was permanently stuck on a skipping…