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ASX to open lower; Lendlease to report

Shares are set for a 0.7 per cent fall on Monday morning after Wall Street closed out a rocky week with no sign of easing in Ukraine. ....

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China State Funds' Support Gives Hope for Wounded Stock Market

(Bloomberg) Chinese state-backed funds’ intervention in domestic stock markets Tuesday is rekindling hope that a bottom is near for the nation’s battered equities.

The CSI 300 Index ended down just 0.6% at the close on Tuesday, paring an earlier slump of 2. ....

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Meituan sinks after CEO deletes posting seen critical of Beijing

Meituan’s stock plunged to a seven-month low after the Chinese e-commerce company’s billionaire chief executive officer shared and then deleted a poem on social media that some interpreted as a veiled criticism of Beijing.
The food delivery giant fell almost 10% in Hong Kong before closing 7.1% lower to wipe out about $16 billion. Wang Xing posted a classical poem about book burning by the emperor during the Qin dynasty on social media platform Fanfou.com, according to the Hong Kong Economic Times. He deleted it on Sunday and issued a clarification that he used the poem in reference to the company’s competitors. A Meituan spokesperson confirmed both posts and declined to comment further. ....

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China fines Alibaba after anti-monopolistic investigation

China fines Alibaba after anti-monopolistic investigation
By Reuters
David Stanway and Scott Murdoch
JOHANNESBURG - CHINA slapped a record 18 â¯billion yuan (about R40bn) fine on Alibaba Group Holding on Saturday after an anti-monopoly probe found the e-commerce giant had abused its dominant market position for several years.
The fine, about 4â¯percent of Alibabaâs 2019 domestic revenues, comes amid a crackdown on technology conglomerates and indicates that Chinaâs antitrust enforcement on internet platforms has entered a new era after years of laissez-faire approach.
The Alibaba business empire has come under intense scrutiny in China since billionaire founder Jack Maâs stinging public criticism of the countryâs regulatory system in October. ....

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La Jornada - China impone multa récord de 2 mil 750 mdd a Alibaba

La Jornada - China impone multa récord de 2 mil 750 mdd a Alibaba
jornada.com.mx - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jornada.com.mx Daily Mail and Mail on Sunday newspapers.

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