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April 14, 2021

China

‘Let’s make it count’: World leaders, royalty and environmentalists gear up for major climate summit COP26

CNBC
CNBC – For more and to sign up click here Six years ago, after days of painstaking negotiations, world leaders managed to thrash out a deal on climate change. The result was the Paris Agreement, decided at the COP21 summit in Paris. Described by the United Nations as a legally-binding......

China shares end higher as some IT firms pledge against anti-competition

Reuters
* SSEC 0.6%, CSI300 0.8% * HK->Shanghai Connect daily quota used 5.2%, Shanghai->HK daily quota used 0.7% * FTSE China A50 +0.5% BEIJING, April 14 (Reuters) – China shares rose on Wednesday, with IT firms leading the gains, as investors cheered internet platform companies pledging to avoid anti-competitive behaviours after......

Taiwan says its chip firms will adhere to new U.S. rules blacklisting China supercomputing entities

Reuters
TAIPEI (Reuters) – Taiwan said on Wednesday its chip companies will adhere to U.S. rules after Washington added seven Chinese supercomputing entities last week to an economic blacklist and after a Taipei-based chipmaker halted orders from one of the entities named. FILE PHOTO: Flags of Taiwan and U.S. are placed......

Investors pour more money into U.S. stocks than China’s as interest comes ‘roaring back’

CNBC
CNBC – For more and to sign up click here BEIJING — Investors are putting billions of dollars more into U.S. stock funds than Chinese ones, according to data from fund research firm EPFR Global. “The baton seems to be getting handed over,” said Cameron Brandt, director of research at......

Chinese Internet firms pledge to avoid anti-competitive behaviors

Reuters
FILE PHOTO: A Baidu sign is seen at the World Internet Conference (WIC) in Wuzhen, Zhejiang province, China, October 20, 2019. REUTERS/Aly Song/File Photo BEIJING (Reuters) – A dozen Chinese Internet platform companies pledged to avoid anti-competitive behaviors such as forcing vendors to use their platform exclusively, according to a......

After trimming charitable holdings, Cramer reveals 7 stock market concerns going into earnings season

CNBC
CNBC – For more and to sign up click here CNBC’s Jim Cramer on Tuesday revealed he recently trimmed holdings in his charitable trust ahead of earnings season as he grows more concerned about potential market headwinds. The fund, ActionAlertsPlus.com, trimmed roughly $100,000 from its holdings in part because of......

China says exports jumped 30.6% in March from a year ago, missing expectations

CNBC
CNBC – For more and to sign up click here A Chinese flag flies on a vessel moving past shipping containers being unloaded at a Tianjin Port Group Co. dock in Tianjin, China. Nelson Ching | Bloomberg | Getty Images China on Tuesday said its exports for March jumped 30.6%......

Ant Group Announces Overhaul as China Tightens Its Grip

New York Times
Ant Group, the online finance affiliate of the Chinese e-commerce giant Alibaba, announced a sweeping overhaul of its business on Monday in response to demands from China’s government, which is moving swiftly to curb the power of the country’s internet giants. Beijing’s campaign has taken the corporate empire of Jack......

Ant Group Announces Overhaul as China Tightens Its Grip

New York Times
Ant Group, the online finance affiliate of the Chinese e-commerce giant Alibaba, announced a sweeping overhaul of its business on Monday in response to demands from China’s government, which is moving swiftly to curb the power of the country’s internet giants. Beijing’s campaign has taken the corporate empire of Jack......

China’s Ant Group to become financial holding company: central bank

Reuters
FILE PHOTO: A thermal imaging camera is seen in front of a logo of Ant Group at the headquarters of Ant Group, an affiliate of Alibaba, in Hangzhou, Zhejiang province, China October 29, 2020. REUTERS/Aly Song/File Photo BEIJING (Reuters) – Ant Financial, the fintech affiliate of Alibaba Group Holding Ltd,......

Investing in China tech stocks is partly a bet on Beijing’s regulatory attitude, says NYU’s Damodaran

CNBC
CNBC – For more and to sign up click here The success of China’s internet giants is closely tied to their relationship with Beijing, according to Aswath Damodaran, New York University’s “dean of valuation.” Investors are “making a joint bet on the company and its relationship with Beijing,” Damodaran, professor......

In a quest to rein in its tech giants, China turns to data protection

CNBC
CNBC – For more and to sign up click here Chinese President Xi Jinping in Beijing on Jan. 22, 2021. Shen Hong | Xinhua News Agency | Getty Images GUANGZHOU, China — China is looking to tighten rules around how its citizens’ personal data is collected, as it moves to......

Breakingviews – Fine leaves sharp sword hanging over Alibaba

Reuters
FILE PHOTO: FILE PHOTO: The logo of Alibaba Group is seen at its office in Beijing, China January 5, 2021. REUTERS/Thomas Peter HONG KONG (Reuters Breakingviews) – Alibaba is entering a long probation. A $2.8 billion fine for preventing sellers from using rival sites is a light penalty for the......

Alibaba shares jump 5% after being hit with $2.8 billion fine in anti-monopoly probe

CNBC
CNBC – For more and to sign up click here The signage is seen at Alibaba Group headquarters during the company’s 11.11 Singles’ Day global shopping festival in Hangzhou, Zhejiang province, China, November 11, 2020. Aly Song | Reuters GUANGZHOU, China — Alibaba shares in Hong Kong jumped more than......

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