Tag: Alibaba Group Holding Ltd

New rules for investing in China: Lessons from Beijing’s education crackdown

Chinese ride-hailing company Didi offers cars for guests of the Annual Meeting of the New Champions 2017 (World Economic Forum’s Summer Davos session) on June 27, 2017, in Dalian, Liaoning Province of China. VCG | Visual China Group | Getty Images BEIJING — As overseas investors reel from Beijing’s regulatory crackdown, the rapid fallout in […]

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Hong Kong start-up Prenetics to list in the U.S. through $1.7 billion SPAC deal

Hong Kong biotech company Prenetics is going public through a merger with Artisan Acquisition — a special purpose acquisition company, or SPAC — in a deal that will value the combined entity at $1.7 billion, the companies announced Thursday. Confirming CNBC’s earlier report, the two companies said the transaction is expected to close as early […]

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Hong Kong’s Hang Seng index jumps nearly 2% as optimism rises on Pfizer vaccine approval

Stock picks and investing trends from CNBC Pro: Overnight on Wall Street, the Nasdaq Composite jumped 1.55% to 14,942.65 — a record closing high. The S&P 500 advanced 0.85% to 4,479.53 while the Dow Jones Industrial Average gained 215.63 points to 35,335.71. Those gains stateside came as Pfizer and BioNTech’s Covid-19 vaccine became the first […]

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US-listed China stocks pounded as regulatory woes intensify

New York: Chinese companies listed in the US are on pace for their longest losing streak in more than a decade after Beijing intensified its regulatory clampdown across various industries this week. American depositary receipts for tech giants have racked up losses with Tencent Holdings Ltd., Alibaba Group Holding Ltd., and Nio Inc., erasing more […]

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Beijing crackdown is a ‘wake up call’ for China’s corporate giants, says former chief of HKEX

Beijing’s recent regulatory crackdown is a “wake-up call” for China’s corporate giants which should not assume they are untouchable, says Charles Li, former CEO of Hong Kong Exchange and Clearing. Still, he said he doesn’t expect the latest regulatory reforms to affect Hong Kong’s markets in the longer term. China has stepped up its scrutiny […]

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