Category: Shanghai News

Why China Slashed Jack Ma’s Ant IPO Hopes, Experts Explain

Alibaba Group Holding Ltd (NYSE: BABA)-owned Ant Group’s initial public offering may have been scuttled by Beijing due to its “disinclination to allow entrepreneurs out of their lane,” Duncan Clark, ……


Iran Denies China Deal Talks Suspended Until the U.S. Has a New President

The Iranian Foreign Ministry has dismissed reports that discussions with China over the so-called 25-year deal have been suspended while the world waits for the results of the U.S. election….


China is awash with schadenfreude over U.S. election tumult

The Chinese criticisms, while pointed, mirrored broad concerns among both U.S. allies and rivals as the United States wrestled with unfounded allegations of electoral fraud from P ……


China Fuel-Cell Startup Seeks Funds, Predicts Hydrogen-Car Boom

China’s push for more fuel-cell vehicles is inspiring startup Anhui Mingtian Hydrogen Energy Technology Co. to step up its growth, with the technology provider working on fresh fundraising en route ……


China, Hang Seng shares gain as odds of Biden win climb

Shanghai and Hong Kong shares rose on Thursday, as the U.S. election results showed a firming lead for Democratic challenger Joe Biden, who is seen as favouring a less confrontational approach than ……


China’s Xi opens up to more trade deals and imports

Chinese President Xi Jinping said China will import more than $22tn (£17tn) worth of goods over the next decade. He has also called for a more constructive approach to an open global economy, and hit ……


Ant march halted: What Ma’s frozen IPO says about China business

Ant saw its $35bn IPO suspended after its co-founder seemed to criticise the Chinese government’s economic road map….


Mainland China reports 28 new coronavirus cases on November 4 vs 17 a day earlier

Mainland China reported 28 new confirmed coronavirus cases on Nov. 4, compared to 17 a day earlier, the country’s health authority said on Thursday….


China’s richest man Jack Ma loses £2bn after Ant float is blocked

Shares in Jack Ma’s e-commerce giant Alibaba, which owns a third of payments group Ant, tumbled by 10 per cent after the listing was suspended at the 11th hour….


China halts Ant Group’s blockbuster IPO

The Shanghai Stock Exchange slammed the brakes on Ant’s initial public offering Tuesday, which was set to be the biggest stock debut in history with investors on multiple continents and at least $34 ……