China's tech giants lobby for offshore yuan stablecoin, sources sayStablecoins are digital tokens, in the form of cryptocurrencies pegged to liquid assets, so far mostly the U.S. dollar but also in some cas...
03 Jul, 2025, 12.33 PM IST
Hong Kong-based crypto platform OSL shares jump on Canadian acquisitionOSL Group's shares surged 10% after acquiring Canada’s Banxa, boosting global expansion in digital assets. The firm eyes stablecoin issuanc...
30 Jun, 2025, 04.40 PM IST
JD.com shares fall 13%, hits record low; banks cut Q3 growth target on retail slowdownJD.com, which is listed in Hong Kong and the United States, is expected to report quarterly financial data in mid-November following China'...
13 Oct, 2023, 02.54 PM IST
Wall Street gains as investors eye upcoming economic data3M jumped 5% after a report that the conglomerate has tentatively agreed to pay more than $5.5 billion to resolve over 300,000 lawsuits cla...
29 Aug, 2023, 05.17 AM IST
China’s JD.com promotes finance chief to CEO role as Xu Lei resignsXu Lei, who has officially been CEO for a year, said on a call with analysts after the company reported first quarter earnings that he had ...
11 May, 2023, 11.03 PM IST
How Walmart is getting ready for a bruising battle with Amazon in IndiaThe retail giant, which is facing the heat from aggressive Amazon on the home front, is paying the price for its late awakening in e-commer...
08 May, 2023, 11.53 AM IST
China's top tech banker, Bao Fan of China Renaissance, goes missingBao is a well-known dealmaker in China who has carved out a career working on high-profile tech transactions. He started China Renaissance ...
17 Feb, 2023, 10.00 AM IST
Ant Group gets green light for $1.5 bn fundraising planAfter the deal goes through, Ant -- in which ecommerce titan Alibaba has a stake -- will have contributed a total of 9.25 billion yuan and ...
04 Jan, 2023, 11.45 PM IST
US stock markets: S&P 500 ends down as Apple dips and traders eye Powell speechPowell is due to speak at a Brookings Institution event on Wednesday about the outlook for the U.S. economy and the labor market. Investors...
30 Nov, 2022, 06.57 AM IST
JD.com to issue shares worth $220 million to Tencent for WeChat accessThe deal follows Tencent's sale of a $16.4 billion stake in JD.com to Walmart Inc last year and extends an existing partnership with the We...
29 Jun, 2022, 06.03 PM IST
Alibaba beats revenue estimates on demand for niche China shopping servicesAlibaba's revenues rose 9% to $30.35 billion in the quarter.
27 May, 2022, 12.05 PM IST
China shares end higher on stimulus hopes as COVID cases riseHong Kong shares of ZTE Corp soared as much as 60% as trading resumed in the afternoon, while its Shenzhen shares rose nearly 10%. The tele...
23 Mar, 2022, 01.24 PM IST
Chinese regulators to push tech giants to share consumer credit data: SourcesChinese regulators, including the central bank, plan to instruct internet platforms to feed their vast loan data to some of the nationwide ...
11 Jan, 2021, 02.13 PM IST
Why Jack Ma can never go back to being Jack Ma againThe narrow view about Chinese magnate Jack Ma’s disappearance is that it concerns Ma and the $600 bn Alibaba empire he manages. The broader...
08 Jan, 2021, 09.45 AM IST
China exporters look inwards as virus hits overseas marketsChinese online marketplace Taobao said the number of foreign trading companies opening stores on its domestic-focused platform spiked 160 p...
24 May, 2020, 11.14 AM IST
Google to invest $550 mln in Chinese e-commerce giant JD.comThe investment may give Google access to more consumer data, which can be used to boost usage of Google Shopping.
18 Jun, 2018, 07.18 PM IST
Xiaomi eyes $3 billon CDRs in $10 billion July listing plan: SourcesXiaomi filed a prospectus for an IPO in Hong Kong last month.
04 Jun, 2018, 03.33 PM IST