Top companies in the world
Meta's capitalisation fell to $565bn at the end of yesterday's trading, putting it in 11th place.
Meta (formerly Facebook) has dropped out of the world's top 10 companies by market capitalisation, according to Bloomberg c...
Unbundling Ant Financial
Beijing makes plans to separate financial giant Alipay Ant Group, which is 33 percent owned by Alibaba. Also, Beijing indends to create a separate credit reporting app that would be partly ...
Sports stocks
Amid harsh criticism of the video game industry in China's state-run media the previous day, a "tidal wave" touched stocks of Chinese manufacturers of sportswear, trainers and other spo...
Didi and IPO
China's largest passenger taxi service company Didi has filed paperwork to go public in the US, the BBC reports.
The company is known to have the backing of major Asian technology investment firms, including Softbank (T:9984), Alibaba ...
Shares sale
Banks Nomura and Credit Suisse on Monday warned of significant losses related to the default of hedge fund Archegos Capital. A number of stocks, including ViacomCBS, Discovery, Baidu and Tencent Music, posted their biggest ...
Tencent Holdings quarterly profit
Chinese internet giant Tencent Holdings Ltd.'s fourth-quarter net profit rose 2.7 times to a record 59.302 billion yuan ($9.09 billion), up from 21.582 billion yuan in the same period in 2019.
The figure was booste...
Unfair business
The Chinese authorities intend to impose the largest antitrust fine in the country's history on Internet platform Alibaba. This was reported by The Wall Street Journal (WSJ).
According to WSJ sources, Alibaba is to be fine...
Chinese service providers
For the USA it has been an eventful week domestically, but the vector of foreign trade policy has not changed. The New York Stock Exchange (NYSE) still decided to stop trading in the securities of three Chinese telecom oper...
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