China Newsbase
Fast, easy search of the China news that matters
The China News Database was last updated at 01:50PM on November 9, 2023.
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67,997 articles matching the search query.
Bitcoin, other crypto fall as U.S. sues Binance; U.S. equities gain as banks stabilize
Bitcoin fell Tuesday morning in Asia along with most other top 10 non-stablecoin cryptocurrencies after the U.S. filed a lawsuit against Binance.
Dow Jones Dips As Alibaba Flies; 3 New Cathie Wood Buys Trade Mixed; Micron Earnings Miss
The Dow Jones fell as Alibaba soared. Three stocks, including Coinbase, struggled despite Cathie Wood buying shares. Micron earnings missed.
Alibaba stock continues to climb after announcement of six-way business split
Yahoo Finance Live’s Rachelle Akuffo compares Alibaba's newly announced six-way business split to tech giant Google's own subsidiary spin-offs.
Alibaba Spinoffs Bring Some Hope to Hong Kong’s Tepid IPO Market
(Bloomberg) -- Alibaba Group Holding Ltd.’s decision to break its $220 billion empire into six units and potentially list them is spurring hopes of a much needed boost to Hong Kong’s IPO market.Most Read from Bloomberg$52 Billion Chipmaking Plan Is Racing Toward FailureFBI Releases Files on Ivana TrumpNew Yorkers Are Moving to These Three Florida CitiesUBS Veteran Ermotti Returns to Lead Credit Suisse TakeoverMcKinsey Starts Cutting 1,400 Jobs This Week in RestructuringThe financial hub’s advant
For Alibaba, Six Is Bigger Than One—And a Smaller Target
There are good reasons to think that a split-up Alibaba would be more valuable. In this case, politics and profits are pointing in the same direction.
MORNING BID AMERICAS-Bank calm, rates firm, Alibaba steals show
A semblance of calm has returned to world markets in the final week of the first quarter as the banking storm abates and the spotlight switched to a share-boosting six-way revamp of Chinese e-commerce giant Alibaba. Investors cheered the surprise move from Alibaba as a sign Beijing's corporate crackdown may be nearing an end, sending shares of the Jack Ma-founded firm and peers soaring. The fresh focus offered some distraction from weeks of banking stress, which appeared to ease this week as regulators in the United States and Europe closed ranks and insisted no systemic problems were detected as they investigated why the failures unfolded without action in the first place.
Shares rise as bank support cheers investors
NEW YORK/LONDON (Reuters) -Global shares rose on Wednesday as the equity market took heart from greater stability in the banking sector, while Treasury yields reversed course and fell, even as uncertainty still lingered among bond investors over the economic outlook. The sale of assets in Silicon Valley Bank (SVB), the regional U.S. lender that collapsed earlier this month, has helped prop up risk appetite among stock investors.
SoftBank shares jump on Alibaba split-up plans
Shares in SoftBank Group Corp soared on Wednesday after Chinese e-commerce conglomerate Alibaba Group, in which the Japanese technology investor has a 13.7 % stake, announced a major restructuring plan. SoftBank shares were up 5.6% in afternoon trade, on track to post the biggest percentage gain in five months. Alibaba shares were up 13.2%.
Alibaba Options Pop After Company Announces Split
Alibaba will split into six businesses
Marketmind: Alibaba fires up market mood
A look at the day ahead in European and global markets from Anshuman Daga Just as investor angst over U.S. and European banking troubles eases, the potential end of China's multi-year regulatory crackdown on the tech sector is also cheering up markets. An unprecedented revamp of Chinese tech conglomerate Alibaba Group, which analysts believe to have the blessings of local regulators, pushed up Alibaba's U.S.-listed stock, and then its Hong Kong shares on Wednesday. Companies in China's internet, private education and property sectors have lost billions of dollars in market value in recent years as the country's regulators cracked down on their operations.
FirstFT: Sergio Ermotti returns to UBS
Also in today’s newsletter, JPMorgan’s Dimon to be deposed in Epstein lawsuits, and FT investigates North Korean oil smuggling
U.S. Pushes for Business Investment in Africa to Counter China’s Reach
Vice President Kamala Harris pledged to ‘double down’ on efforts to bring billions of dollars in investments to the continent.
Saudi Arabia moves closer to joining Chinese security club
Beijing’s push for Mideast influence gathers momentum as Riyadh takes step towards political and trade alliance
Binance concealed ties to China for years, even after 2017 crypto crackdown: Report
Binance CEO and other senior executives have been concealing the crypto exchange's ties with China for years, claims FT.
Even as U.S. Beckons, European Leaders Head to Beijing
China is trying to improve relations with the European Union just as the United States is pushing the bloc to pick sides.
Binance Reportedly Hid Extensive Links to China; North Korea Hackers Adopt New Trick to Launder Crypto
"The Hash" tackles today's hot topics: Binance hid substantial links to China for several years after the crypto exchange claimed to have left the country, according to documents reviewed by the Financial Times. New research shows that North Korean hackers are now using crypto cloud mining for their illicit activities. The U.K. drops its plans for an NFT issued by the Royal Mint. Plus, if you're a member of a decentralized autonomous organization (DAO) that is being sued, could you be liable for negligence? U.S. courts are wading into the murky topic.
BYD & Kuaishou Beat
Asian equities had a good day as Hong Kong outperformed while Mainland China was off slightly.
Xi Jinping Says He Is Preparing China for War
The world should take him seriously.
Editor’s note for Wednesday, May 13, 2020
Dear Access member, If you missed our all day U.S.-China Series Zoomfest last week, recordings of the conversations are now up on Youtube in a playlist…
Editor’s note for Tuesday, May 12, 2020
Dear Access member, First, let’s debunk some recent sensationalist headlines: Wuhan is not going to test 11 million residents in 10 days. The actual plans…
Shanghai Disneyland reopens, but no selfies with Mickey Mouse
Shanghai Disneyland sold out of entrance tickets for its first day of reopening — today, May 11. The park was the first of Disney’s theme…
How ‘Yellow Earth’ revolutionized Chinese film
Chen Kaige’s 1984 debut film, Yellow Earth, defied the social realism of its day, revolutionizing the ways the Chinese watched and created films.
