Asian stocks join global rally and dollar drops on Fed rate joy

Asian stocks join global rally and dollar drops on Fed rate joy

Representational image only. | Photo Credit: Reuters Asian stocks extended a global rally on December 1 and the dollar fell after Federal Reserve boss Jerome Powell flagged a slowdown in the pace of interest rate hikes and China opened the way for a softer approach to fighting COVID-19. A growing sense of hope that months […]

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China’s Alibaba strives to keep New York Stock Exchange listing amid audit dispute

China’s Alibaba strives to keep New York Stock Exchange listing amid audit dispute

The e-commerce platform might be delisted for not meeting American auditing requirements The e-commerce platform might be delisted for not meeting American auditing requirements Alibaba Group Holding Ltd on Monday said it would work to maintain its New York Stock Exchange listing alongside its Hong Kong listing after the Chinese e-commerce giant was placed on […]

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Alibaba to seek primary listing in Hong Kong, adding to its New York Stock Exchange listing

Alibaba to seek primary listing in Hong Kong, adding to its New York Stock Exchange listing

Alibaba, China’s biggest e-commerce platform, aims to be a dual-primary listed company on NYSE and HKSE Alibaba, China’s biggest e-commerce platform, aims to be a dual-primary listed company on NYSE and HKSE Alibaba, China’s biggest e-commerce company, said Tuesday that it would apply for a primary listing in Hong Kong. (Sign up to our Technology […]

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Google complies with Indonesia licensing rules but others risk blocking, says ministry

Google complies with Indonesia licensing rules but others risk blocking, says ministry

The new regulations will give Indonesian authorities more power to access users’ data and take down content The new regulations will give Indonesian authorities more power to access users’ data and take down content Indonesia said on Thursday that Alphabet Inc’s Google has signed up to its new licensing rules for technology platforms, but warned […]

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China regulator fines Alibaba, Tencent for disclosure violations

China regulator fines Alibaba, Tencent for disclosure violations

The State Admnistration for Market Regulation released a list of 28 deals that violated the rules The State Admnistration for Market Regulation released a list of 28 deals that violated the rules China has imposed fines on technology giants Alibaba and Tencent, as well as a range of other firms for failing to comply with […]

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U.S. bill would bar Google, Apple from hosting apps that accept China’s digital yuan

U.S. bill would bar Google, Apple from hosting apps that accept China’s digital yuan

The bill, unveiled Thursday, states that companies that own or control app stores “shall not carry or support any app in app store(s) within the United States that supports or enables transactions in e-CNY.” The bill, unveiled Thursday, states that companies that own or control app stores “shall not carry or support any app in […]

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Alibaba lays off 40% of AliExpress Russia staff amid Ukraine war

Alibaba lays off 40% of AliExpress Russia staff amid Ukraine war

Alibaba Group Holding has laid off about 40% of the staff in its Russian joint venture as the ongoing Ukraine crisis disrupts cross-border business, the Nikkei reported on Friday. The Chinese e-commerce giant could not be immediately reached for comment. Citing an employee with knowledge of the matter, the report said it was not clear […]

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