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Following two years of crackdowns and sanctions, China appears ready to unlock private sector potential via tech IPO developments.
China’s government is being urged to rethink the way it calculates key economic indicators, such as gross domestic product and the unemployment rate, to ensure they are appropriate for the modern digital economy.
China’s online commerce leader surprised markets by announcing Tuesday plans to split its $220 billion empire into six units that will individually raise funds and explore initial public offerings.
Alibaba shares soared more than 14 per cent in New York trading on Tuesday on news of its split. Read more at straitstimes.com.
China’s online commerce leader surprised markets Tuesday by announcing plans to split its $220 billion empire into six units that will individually raise funds and explore IPOs.