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Alibaba Group Holding Ltd


SINGAPORE — The increasing regulatory scrutiny of Alibaba-affiliate and financial technology powerhouse Ant Group could be bad for the Chinese economy as well as China’s financial technology sector, says Andrew Collier, managing director of Orient Capital Research. The highly-anticipated listing of Chinese tech giant Ant Group — which was set to be the world’s largest …

Masayoshi Son, chairman and chief executive officer of SoftBank Group at the SoftBank World 2018 event in Tokyo, Japan. Kiyoshi Ota | Bloomberg | Getty Images SoftBank Group posted a $12 billion quarterly profit on Tuesday after reporting historic losses of $13 billion for its last fiscal year.  The recovery is largely down to rising …

Saudi Aramco, the world’s largest initial public offering (IPO), surged past expectations as it debuted on the country’s stock exchange on Wednesday morning. Shares of the state-owned oil company rose to 35.2 Saudi riyals ($9.38) from 32 riyals in early deals in Riyadh, up 10% and hitting their daily limit. The price gives it a …

A Chinese mobile phone user in Shanghai, China. Qi Yang | Moment | Getty Images China, once seen as an imitator when it came to technology, is now looking to take the lead in areas from blockchain to artificial intelligence (AI), much-hyped technologies that are seen as critical to the future. Despite the U.S.-China trade …

Chinese stocks are getting burned as trade fears grip Wall Street once again. The BATS stocks – Baidu, Alibaba, Tencent and Sina – have dropped this week as investors temper expectations ahead of U.S.-China trade talks Thursday and Friday. The group also came under pressure Tuesday on reports the Trump administration was weighing blocking government pension …

China will win the trade war with the U.S., and eventually wean itself off its reliance on American technology, a strategist told CNBC on Monday. “China will never trust the United States again, and it will achieve its technology independence within seven years,” David Roche, Independent Strategy’s president and global strategist, told CNBC’s “Squawk Box.” …