The discord began after Jack Ma infamously rebuked "pawn shop” Chinese lenders, regulators who don’t get the internet and the "old men” of the global banking community.
Stocks slip off record highs ahead of earnings, U S data streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
World News | Coco Liu, Bloomberg | Monday April 12, 2021 After China imposed a record antitrust fine on Alibaba Group Holding Ltd., the e-commerce giant did an unusual thing: It thanked regulators.
World News | Peter Elstrom, Coco Liu, Bloomberg | Tuesday March 9, 2021 In barely 40 years, China has dramatically opened up its economy and become one of the world s primary growth engines. Now, President Xi Jinping is making ambitious plans to pull ahead of rivals by turning his country into a digital powerhouse. But Xi s drive toward tech dominance is being threatened by an unexpected speed bump: China s forceful cr.
World News | Lulu Yilun Chen and Coco Liu, Bloomberg | Thursday January 21, 2021
(Bloomberg) Asian stocks slipped Monday as investors weighed the latest upbeat economic assessment from Federal Reserve Chair Jerome Powell against persistent risks from the pandemic. The dollar ticked up. Shares in China and Hong Kong underperformed, even as Alibaba Group Holding Ltd. rallied after the weekend imposition of a record antitrust fine removed a key uncertainty. U.S. equity futures retreated after a third straight week of gains for the S&P 500 Index, with investors bracing for earnings reports this week. The yield on 10-year Treasuries held Friday’s advance on stronger-than-expected producer-price inflation data and ahead of a heavy week of supply. China Led The Recovery Trade; Now Almost Everyone Is Cautious While the economic recovery is accelerating, policy makers say more progress is needed before they consider withdrawing exceptional support. Traders’ concerns that this stimulus will boost inflation have already weighed on bonds, driving yields higher. And price
SYDNEY Asian shares faltered on Monday as investors wait to see if U.S. earnings can justify sky-high valuations, while bond markets could be tested by what…