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Page 5 - அலிபாபா குழு ஹோல்டிங்ஸ் லிமிடெட் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Posthaste: The Big Tech rally is fading — is it time to cash in your chips?

Article content Good morning! Tech stocks around the world have been swooning lately after reaching giddy heights over the past year. Chinese tech heavyweights Baidu Inc., Alibaba Group Holdings Ltd. and Tencent Ltd., also known as BATs, fell more than 3 per cent each this morning, while Facebook Inc., Amazon, Netflix Inc. and Alphabet Inc. (Google), also known as FANG stocks, had collectively slumped 3.6 per cent on Monday; electric car maker Tesla Inc. had reversed 6.4 per cent yesterday. The market is not off to a great start today either, with Nasdaq futures down 1 per cent this morning. “It seems to be a combination of inflation fears making a comeback and some market participants moving higher along the value spectrum, cutting their exposure to anything with a stretched valuation,” Marios Hadjikyriacos, investment analyst at online broker XM in Cyprus, told Reuters.

Alibaba Group Holdings Ltd s (NYSE:BABA) Logistics Unit Launches New Luxury Products Cargo Route

Cainiao launches a cargo flight route between Singapore and Hainan Island. According to General Manager James Zhao, the logistics arm will launch freights flights to duty-free shuttle products, watches, and handbags to mainland China. Cainiao will transport luxury items and goods between the southern Chinese port and Singapore seven times a week. Also, there is a possibility of similar flights between Japan, New Zealand, and South Korea, and Hainan. These are popular destinations among Chinese tourists who traditionally have been traveling abroad to buy high-end goods, but the pandemic curtailed this. As a result, brands are looking to serve Chinese customers at home by shipping luxury products to mainland China.

Alibaba (NYSE:BABA) - Ant Troubles Not Over? Jack Ma s Relations With Regulators Said To Be Under Beijing Scrutiny

Alibaba (NYSE:BABA) - Jack Ma s Ant Could See Valuation Drop To As Low As $29B With Changes Forced By Regulations: Report

Alibaba (NYSE:BABA) - Jack Ma s Ant Could See Valuation Drop To As Low As $29B With Changes Forced By Regulations: Report
benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.

Trust me, you don t want to be China s biggest billionaire

Apr 19, 2021 In China, it’s good to be rich, but not too rich. Getting to the top of the billionaire rankings carries great risks. Just take a look at those who were once first among plutocrats. All got into trouble with Beijing be they real estate developers or big tech bosses. Wang Jianlin, founder of commercial real estate Dalian Wanda Group Co. Ltd. and China’s richest person as recently as 2016, was forced by the government to divest his overseas assets a year later when Beijing began a corporate deleveraging campaign in earnest. Hui Ka Yan, China’s richest in 2017, was asked to cut back on debt after his China Evergrande Group, the world’s most indebted developer, crossed the country’s new “three red lines.”

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