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Shares of Alibaba hit a six-month high Monday after its founder and former executive chairman Jack Ma announced this weekend that he would cede control of...
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
Shanghai will further expedite efforts to advance financial opening-up at the institutional level to reinforce its role as a rising international financial hub, an official said on Friday.
Laura Cha, chairman of Hong Kong Exchanges and a member of the Executive Council of the Hong Kong government, has joined the board of Ant Group as a new independent director, as the Alibaba’s fintech affiliate nears the end of a corporate restructuring aimed at easing government concerns.Yang Xiaolei, an independent director of Hengfeng Bank and a former lawyer at an affiliate of Citic Group, has also joined as a new independent director at Ant Group.After the appointment, Ant Group has four independent directors. Other independent directors are Hao Quan, a board member at PC giant Lenovo’...
Jack Ma, the Chinese billionaire and the co-founder of Alibaba disappeared for more than two months after his criticism of China's financial regulations.