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July 16, 2021

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Shares of Chinese Tesla rival Xpeng rise on Hong Kong debut

CNBC
CNBC – For more and to sign up click here A Xpeng P7 electric car is on display during the 18th Guangzhou International Automobile Exhibition at China Import and Export Fair Complex on November 20, 2020 in Guangzhou, Guangdong Province of China. VCG | Visual China Group | Getty Images......

On the centenary of the Chinese Communist Party, the West must kowtow no more

NYPost
Benedict Rogers If this regime gets away with what it has done to Hong Kong, it won’t stop there. It will be emboldened in its aggression toward Taiwan, and it will continue encroaching on our liberties, too. We can’t kowtow any longer. Source – For more click here To Return......

Travel writers share the biggest mistakes tourists make in their cities

CNBC
CNBC – For more and to sign up click here Travel writers make a career out of helping tourists navigate unfamiliar places. Still, even the most savvy traveler is prone to making the occasional faux pas while on vacation. Here, CNBC’s travel contributors share the biggest mistakes they see visitors......

Chinese Tesla rival Xpeng Motors to raise up to $2 billion in Hong Kong listing

CNBC
CNBC – For more and to sign up click here A XPeng Motor P7 electric vehicle is displayed for sale at Wanda Plaza on May 9, 2021 in Beijing, China. VCG| Getty Images GUANGZHOU, China — U.S.-listed Chinese electric carmaker Xpeng Motors has got the green light to carry out......

With Art Basel Hong Kong and Eurovision in the same weekend, the global arts scene signals a return

CNBC
CNBC – For more and to sign up click here With two major cultural events held last weekend, the international arts scene signaled it has no intention of letting yet another year get canceled by Covid.   Art Basel Hong Kong, which took place from May 19-23, marked the return......

China’s JD Logistics set to raise $3.2 billion in Hong Kong IPO

CNBC
CNBC – For more and to sign up click here Workers from Chinese e-commerce giant JD.com prepare parcels for delivery at the company’s main logistics hub for Singles Day on November 11, 2020 in Beijing, China. Kevin Frayer | Getty Images News | Getty Images GUANGZHOU, China — The logistics......

Singapore stocks fall 3% as Covid restrictions tighten, travel bubble with Hong Kong likely delayed

CNBC
CNBC – For more and to sign up click here A woman jogs past a cordoned off Merlion Park on June 12, 2020 in Singapore. Suhaimi Abdullah | Getty Images SINGAPORE — Singapore’s benchmark Straits Times Index fell 3% after the government announced further tightening in Covid-19 restrictions and the......

Ping An finds suitable rebound deal

Reuters
HONG KONG (Reuters Breakingviews) – Ping An Insurance may indemnify one costly deal with a better one. Not long after losing $1.5 billion in a failed property investment, the Chinese conglomerate plans to spend up to $7.9 billion to buy control of Founder Group, Peking University’s bankrupt corporate empire. A......

Breakingviews – China’s antitrust push forces digital reinvention

Reuters
FILE PHOTO: Jack Ma, founder and executive chairman of China’s Alibaba Group, speaks in front of a picture of SoftBank’s human-like robot named ‘pepper’ during a news conference in Chiba, Japan, June 18, 2015. REUTERS/Yuya Shino/File Photo HONG KONG (Reuters Breakingviews) – What’s left for Chinese internet companies deprived of......

Asian shares defensive, dollar struggles near one-month lows

Reuters
SYDNEY (Reuters) – Asian shares were on the backfoot on Thursday following mixed cues from Wall Street where a sharp sell-off in the largest bitcoin exchange Coinbase hit tech shares while the dollar index struggled near one-month lows. FILE PHOTO: Pedestrians and a traffic light stop sign are reflected on......

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......

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......

PC shipments notch fastest quarterly growth in 20 years – Gartner

Reuters
(Reuters) – Global shipments of personal computers rose at their fastest pace in two decades in the first quarter as people bought computers to help them work and study remotely during the COVID-19 crisis, according to research firm Gartner Inc. PC shipments, which include both laptops and desktop computers, grew......

Hong Kong activist Joshua Wong jailed for four months for 2019 protest

Reuters
HONG KONG (Reuters) – Joshua Wong, one of Hong Kong’s most prominent democracy activists and among 47 people charged under a national security law, was sentenced to four months in jail on Tuesday for unauthorized assembly and violating an anti-mask law. FILE PHOTO: Pro-democracy activist Joshua Wong walks to a......

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,......

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......

Exclusive: China’s antitrust regulator bulking up as crackdown on behemoths widens

Reuters
BEIJING/HONG KONG (Reuters) – China’s competition watchdog is adding staff and other resources as it ramps up efforts to crack down on anti-competitive behaviour, especially among the country’s powerful companies, people with knowledge of the matter told Reuters. FILE PHOTO: The logo of Alibaba Group is seen at its office......

China’s Alibaba hit with record $2.75 billion antitrust fine

Reuters
(Reuters) – Chinese regulators said on Saturday they have fined Alibaba Group Holding Ltd a domestic record $2.75 billion for antitrust violations, amid an unprecedented regulatory crackdown on Jack Ma’s company and other technology conglomerates. FILE PHOTO: Jack Ma, founder and executive chairman of China’s Alibaba Group, speaks in front......

China regulators fine Alibaba $2.75 billion for anti-monopoly violations

Reuters
FILE PHOTO: The logo of Alibaba Group is seen at its office in Beijing, China January 5, 2021. REUTERS/Thomas Peter/File Photo/File Photo SHANGHAI (Reuters) -Chinese regulators have fined Alibaba 18 billion yuan ($2.75 billion) – around 4% of its revenues in 2019 – for violating anti-monopoly rules and abusing its......

Chilean health regulator approves CanSino COVID-19 vaccine for emergency use

Reuters
A woman receives a vaccine as part of the seasonal flu vaccination campaign during the coronavirus disease (COVID-19) pandemic, in Santiago, Chile April 5, 2021. REUTERS/Ivan Alvarado SANTIAGO (Reuters) – Chile’s health regulator on Wednesday approved emergency use of the COVID-19 vaccine developed by Chinese company CanSino, as the South......

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