Page 200 - அலிபாபா குழு வைத்திருத்தல் லிமிடெட் News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Beijing Launches Digital Currency To Break AliPay-WeChat Duopoly
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NVIDIA Corporation (NASDAQ:NVDA), Apple Inc (NASDAQ:AAPL) - Arm Marks Data Center Foray, Intensifying Competition With Intel, AMD: Reuters
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China said to be probing how Ant Group got speedy approvals for its IPO last year
Jack Ma. Photographer: Tomohiro Ohsumi/Bloomberg
April 27, 2021
China is investigating how Ant Group founder Jack Ma got speedy approvals for the company’s stock listing last year, the Wall Street Journal reported on Tuesday, citing people with knowledge of the matter.
The central-government investigation, which started early this year, focuses on “regulators who greenlighted the initial public offering, local officials who advocated it and big state firms that stood to gain from it”, according to the report.
Ma’s relationships with these “state stalwarts” are also being examined as part of the investigation, the report said.
Firms from the mainland and Hong Kong have raised $6.6 billion through initial public offerings in the U.S. this year, a record start to a year and an eightfold increase from the same period in 2020, data compiled by Bloomberg show. The largest IPO is the $1.6 billion listing of e-cigarette maker RLX Technology Inc., followed by the $947 million offering of software company Tuya Inc.
That’s even as Sino-U.S. tensions show few signs of easing and the threat of Chinese firms being delisted from U.S. exchanges remains. In fact, the U.S. Securities and Exchange Commission said last month it would begin implementing a law forcing accounting firms to let U.S. regulators review the financial audits of overseas companies. Non-compliance could result in a delisting from the New York Stock Exchange or Nasdaq.
Alibaba (NYSE:BABA) - Alibaba s Ant To Offer Zero-Interest Loans To Some Staffers As It Looks Past Regulatory Troubles: Report
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