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How does Beijing define a monopoly? Could one be a national company 1 with a 48% market share in the economically booming southern province of Guangdong and just 10% in the far northern rust belt of Heilongjiang be one? It’s unclear, and that ambiguity risks destroying China’s tech-enabled social infrastructure with a new campaign to cut giant businesses down to size.
The investigations into alleged monopolistic practices of Alibaba Group Holding Ltd. and the big sway of Ant Group Co. have been accompanied by sharpening various antitrust regulations. The latest central bank definitions would make an institution with more than half the market in national payments (including online and mobile) a monopoly. That follows November guidelines that zeroed in on several practices, including the controversial “picking one from two” where e-commerce merchants are forced to choose a single marketplace for exclusivity. When it comes to monopolies, it’s important to ask how targ
A chill swept through Chinese financial markets after the central bank withdrew cash from the banking system and an official warned about asset bubbles.
From Pony Ma to Jack Ma, the rich win big with Hong Kong stocks
File photo. Ma Huateng, also known as Pony Ma’s $18.6 billion wealth surge this month is the biggest after Elon Musk’s.Premium
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. Updated: 26 Jan 2021, 08:43 AM IST Bloomberg
While Hong Kong’s economy got badly hit from the coronavirus crisis and a political crackdown, money has kept flowing to the city
Tencent and Alibaba Group Holding Ltd., along with food-delivery giant Meituan and carmaker Geely Automobile Holdings Ltd., were among the stocks helping propel the rally
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Pony Ma got $6.9 billion richer on Monday after one of the companies his Tencent Holdings Ltd. backs revealed its IPO plans, while Jack Ma’s public reappearance Wednesday added $1.6 billion to his net worth.
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BlackRock Inc.’s iShares U.S. Small Cap Value Factor ETF has only gathered a measly US$45-million of assets since its launch at the end of October, but it has climbed 38 per cent since, almost double the gains of the New York Stock Exchange’s Fang+ index. REUTERS/Lucas Jackson
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The tale of Tony Dye has become folklore in Britain’s investment industry. Two decades ago, the once-lauded money manager quit his job as Phillips & Drew Fund Management Ltd.’s investment chief and jetted off to the Bahamas to fish for bonefish rather than the undervalued stocks that had made his name.