Chinese app stores have removed Alibaba Group's UC Browser for mobiles, after it was criticised on Chinese state television's annual consumer rights show for including medical ads by unqualified companies.
Some of Ant Group's global investors have valued the Chinese fintech firm at over $200 billion based on its 2020 performance, said people with knowledge of the matter, offering a more sober estimate after the shelving of its IPO and forced restructuring.
China's government has asked Alibaba Group Holding Ltd to dispose of its media assets, the Wall Street Journal reported on Monday, citing people familiar with the matter.
Some of Ant Group's global investors have valued the Chinese fintech firm at over $200 billion based on its 2020 performance, said people with knowledge of the matter, offering a more sober estimate after the shelving of its IPO and forced restructuring.
Etsy (NASDAQ: ETSY) and JD.com (NASDAQ: JD) are two very different types of e-commerce companies. Etsy, which mainly operates in the U.S., Canada, the U.K., and Australia, is a leading marketplace for handmade goods. JD.com is China's largest direct retailer and the country's sec
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares MSCI ACWI ETF (Symbol: ACWI) where we have detected an approximate $171.3 million dollar inflow -- that's a 1.1% increase week over week in
JD.com (NASDAQ: JD), the largest direct retailer in China, recently posted its fourth-quarter earnings. Its revenue rose 31% year over year to 224.3 billion yuan ($34.4 billion), beating analysts' estimates by $710 million.Its non-GAAP net income surged 194% to 2.4 billion yuan (
Alibaba (NYSE: BABA) continues to come under close scrutiny from Chinese regulators, who are concerned about the tech conglomerate's ability to shape public opinion through its vast media assets.The Wall Street Journal reports Beijing is demanding Alibaba come up with a plan to s
China's government has asked Alibaba Group Holding Ltd to dispose of its media assets, the Wall Street Journal reported on Monday, citing people familiar with the matter.
China's market regulator will launch new rules this year to clarify the responsibilities of platform companies involved in online transactions, the state-owned Xinhua News Agency said. Wei Li, an official of the State Administration of Market Regulation (SAMR), told Xinhua that the regulator will "adopt more powerful supervision methods this year and deploy a series of actions" to clear up "prominent problems in the online market".
Share prices of Sea Limited (NYSE: SE) soared nearly 400% higher in 2020, and though tech stocks have taken a hit in recent weeks, this video game and e-commerce giant is still sporting a nearly 15% gain since the start of the year. Not a bad performance, Sea. Nevertheless, not
Simply parking most or all of your long-term investing dollars in a low-fee, broad-market index fund such as one that tracks the S&P 500 is a great way to invest -- and even Warren Buffett has recommended that strategy for most of us. Less those low fees, it will get you roug
JD.com (NASDAQ: JD), China's biggest direct online retailer, has been one of many e-commerce winners in the market over the last year.Its stock price has more than doubled during that time as its leadership in online categories like grocery and pharmacy has strengthened, and it's
(RTTNews) - Ant Group chief executive officer Simon Hu has resigned. Its Chairman Eric Jing would take over as CEO, effective immediately, according to several reports.A spokesperson for Ant Group reportedly said, "The Ant Group Board of Directors has accepted Mr. Simon Hu's resi
Indian conglomerate Tata Sons [TATAS.UL] plans to buy a majority stake in Alibaba-backed online grocery seller BigBasket, a filing with the country's antitrust body showed on Friday.
Indian conglomerate Tata
Sons is proposing to buy a majority stake in
Alibaba-backed online grocery seller BigBasket, a
filing with the country's antitrust body showed on Friday.
Recent weeks have been pretty wild for many high-flying U.S. growth stocks. The Nasdaq Composite lost 4.5% of its value and won it all back (and some) in the past month. While the drop unnerved some retail investors, it has also opened up opportunities to scoop up fundamentally s
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