US decides against delisting Tencent and other Chinese giants
Sebastian Bowen | January 14, 2021 5:28pm |
More on: Image source: Getty Images
There has been no shortage of commentators telling ASX and international investors about the merits of investing in China.
China is the world’s second-largest and most populous economy. As such, China has been climbing its way up investors’ watch-lists in recent years. In no doubt helped by the stellar performance of some of its biggest companies.
US-based tech companies like
Netflix Inc (NASDAQ: NFLX) are arguably still more popular with Aussie investors. Even so, it’s fairly safe to say that Chinese companies have worked their way into the ASX investor conscience.
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The partnership deal with Geely goes beyond the production of cars. In this new venture, Baidu will take full control or absolute power and the majority stake of the company.
Baidu Inc (NASDAQ: BIDU), a Chinese Search heavyweight has announced to move from the production of mere software to the production of electric vehicles. This will be done by collaboration with Chinese Automaker, Geely Automobile Holdings Ltd (OTCMKTS: GELYF). According to the report, Geely will be in charge of the manufacturing and the designing of the car while Baidu controls the smart driving technologies.
Chinese regulators have launched an investigation into China's biggest e-commerce giants Alibaba, cofounded by Jack Ma, who hasn't been seen since October.
Alibaba under investigation amid speculation over Jack Ma s disappearance
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JanJanuary 2021 at 8:34am
Jack Ma hasn t been seen since October and his former company, Alibaba, is under investigation.
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Chinese regulators have launched an investigation into China s biggest e-commerce giant Alibaba, cofounded by Jack Ma, one of the country s richest men.
The State Market Supervision Administration issued a one-line statement on Christmas Eve that it had filed an antitrust investigation into Alibaba Group Holdings Ltd over their suspected monopolistic practices .
It also fined the company half a million yuan ($99,000) 10 days earlier for breaching anti-competition law.
UPDATE at 4:10 p.m. EDT: Alibaba Shares Close at $93.89 on First Day of Trading
UPDATE at 2:26 p.m. EDT: Alibaba Group Holding Ltd s Jack Ma Interested In Amazon.com, Inc. Joint Venture
UPDATE at 1:19 p.m. EDT: Shares of Alibaba Holding Very Tight to $90 Level Right Now, Bouncing Back and Forth. Read More.