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Alibaba Group Holding Ltd (NYSE: BABA) co-founder Jack Ma reappeared in public view on Wednesday sending the company’s shares soaring 5.5% in New York but concerns persist about the Chinese company’s frayed relationship with its government.
Investors are seeking more reassurance on the regulatory environment surrounding the e-commerce giant. Here’s what they are saying:
Just Appearing Is Not Enough: William Huston, founder of Bay Street Capital Holdings, a California-based investment advisory firm said, “We all know that just because he showed up . doesn’t necessarily explain what is going on.” Huston’s firm has reduced its position in Alibaba from 8% of the portfolio to less than 1%, reported Reuters.
From:ChinaDaily | 2021-01-21 09:17
Popular short video app Douyin has entered China s massive digital payment market with its mobile payment services, looking to tap into the sector which has among others Alibaba Group Holding Ltd s Alipay and Tencent Holdings Ltd s WeChat Pay.
While making a purchase via Douyin, customers can choose to pay via Douyin Pay , in addition to Alipay and WeChat Pay, the more conventional online payment options offered by third-party payment firms.
The setup of Douyin Pay is to supplement the existing major payment options, and to ultimately enhance user experience on Douyin , said ByteDance, the company behind Douyin, told China Daily on Wednesday. It said the new function was launched only recently but had gone through several batches of test runs.
Hero MotoCorp crosses 100-mn milestone in cumulative production
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Hero MotoCorp claimed that the launch of its latest bike is one of the fastest global achievements
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The two-wheeler company launched Xtreme160R as the 100-millionth bike
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The country s largest two-wheeler maker Hero MotoCorp on Thursday announced that it has surpassed the 100-million (10 crore) mark in cumulative manufactured units with the launch of Xtreme160R.
The launch took place from the company s Haridwar facility, it added.
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. 06:35 AM IST This is also the 20th consecutive year that Hero MotoCorp has retained the coveted title of the world’s largest manufacturer of two-wheelers, the company said in a regulatory filing.
Short video app Douyin eyes growth via mobile payments By HE WEI in Shanghai | China Daily | Updated: 2021-01-21 09:17 Share CLOSE A logo of Douyin is seen on an advertisement at a bus stop in Beijing, Aug 24, 2020. [Photo/Agencies]
Popular short video app Douyin has entered China s massive digital payment market with its mobile payment services, looking to tap into the sector which has among others Alibaba Group Holding Ltd s Alipay and Tencent Holdings Ltd s WeChat Pay.
While making a purchase via Douyin, customers can choose to pay via Douyin Pay , in addition to Alipay and WeChat Pay, the more conventional online payment options offered by third-party payment firms.