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Singapore: Chinese authorities are considering measures to stabilise a slumping stock market, Bloomberg News reported, opens new tab on Tuesday citing people familiar with the matter, drawing a...
Alibaba Group: It was the first market reaction in Asia since the stunning strategy reversal was announced late on Thursday, after which the company's U.S. listed securities closed down 9%.
The unforeseen move has sparked doubts among investors about potential undisclosed issues within the company
Alibaba's concerns over the US export curbs announced by Washington in October come on the heels of similar worries raised this week by Chinese social media and gaming company Tencent Holdings which said the restrictions would force it to seek domestically produced alternatives.
Investors wiped out some $20 billion off Chinese e-commerce giant Alibaba Group's market value on Friday after the company scrapped plans to spin off...