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China's market regulator investigates Alibaba-Minmetals JV 04/20/2021 5:37 BEIJING (Reuters) -China's market regulator is investigating a joint venture between e-commerce giant Alibaba Group and Minmetals Development, Minmetals said on Monday, amid a broad antitrust clampdown on internet firms. Minmetals said in a statement that it received a notice from the State Administration for Market Regulation in recent days about an investigation into the joint venture formed in 2015, in which Alibaba transferred its 44% stake to an unrelated firm in 2019. Alibaba declined to comment. The investigati...

Hong Kong stock market rose for third session in row on Tuesday, 20 April 2021, lifting the benchmark Hang Seng Index to a four-week high, after reports that mainland investors have plowed HK$26.1 billion in net buying of Hong Kong-listed stocks so far in April after withdrawing HK$12.7 billion in March. At closing bell, the benchmark Hang Seng Index added 0.1%, or 29.58 points, to 29,135.73, the highest level since March 2021. The Hang Seng China Enterprises Index edged down 0.06%, or 7.08 points, to 11,085.87. Meituan jumped 1.5% to HK$293.60 after disclosing a plan to sell shares and co...