U.S. fast food chain Burger King and Chinese news app Qutoutiao were singled out for criticism on Thursday by China's state television station in its high-profile annual show aimed at protecting consumers.
Consumer stocks were mixed pre-bell Thursday as shares of staples companies in the S&P 500 (XLP) were flat while consumer discretionary firms (XLY) were 0.7% lower in recent trading.
Alibaba Group Holding Ltd's subsidiary UC Web is slashing staff in India after a ban on 59 Chinese-origin mobile apps that includes UC Web's browser and two other products, according to staff and a company letter seen by Reuters.
A $20 billion fund raising spree may take India's Reliance closer to its dream of becoming a digital giant, further threatening the ambitious plans U.S. companies like Amazon, Walmart and Zoom have for India.
Baidu (NASDAQ: BIDU) boasts the highest market share in China's fast-growing artificial intelligence (AI) public cloud services market, according to a recent report by the International Data Corporation (IDC).
Beyond Meat Inc said on Wednesday it will sell plant-based burgers and sausages at a Brazilian high-end supermarket chain, entering the country about two weeks after launching in mainland China's retail market through Alibaba Group's Freshippo markets.
Many discussions about Chinese e-commerce stocks seem to focus on three names: Alibaba (NYSE: BABA), JD.com (NASDAQ: JD), and Pinduoduo (NASDAQ: PDD). That isn't surprising since they're the three largest players: Alibaba controlled 56% of the market last year, according to eMar
Growth stocks can make you rich. Rapidly expanding companies can grow their sales and profits exponentially over time, thereby creating enormous wealth for their investors along the way.
Alibaba's (NYSE: BABA) fintech affiliate Ant Financial could go public in Hong Kong soon, according to Reuters. The report, which cites two people familiar with the matter, claims Ant will sell 5% to 10% of its shares in the IPO, with a target valuation of over $200 billion.
Chinese companies such as TikTok-owner ByteDance have been asked by India to answer 77 questions about their apps that have been banned by New Delhi, including whether they censored content, worked on behalf of foreign governments or lobbied influencers.
What happened
Shares of WiMi Hologram Cloud (NASDAQ: WIMI) are coming back down to earth after an unbelievable rally over the past week. There's no news specific to WiMi to explain the drop, but then again, there wasn't much fundamental reason for the stock's previous rise, eith
The Trump administration plans to soon scrap a 2013 agreement between U.S. and Chinese auditing authorities, a senior State Department official said, a move that could foreshadow a broader crackdown on U.S.-listed Chinese firms under fire for sidestepping American disclosure rules.
Chinese billionaire Jack Ma has cashed in billions of dollars of Alibaba (NYSE: BABA) stock, according to recent headlines. SEC filings reveal that the Alibaba co-founder's stake in the company fell from 6.2% to 4.8% over the last year.
Israel plans to sell 40% of its postal company to help finance a shift in its business model towards delivering parcels ordered online from overseas, government and postal officials said on Tuesday.
America is in a recession, but that doesn't make this is a bad time to invest. Recessions can be the best time to buy stocks because you can pick up quality companies at affordable prices.
The Trump administration plans to soon scrap a 2013 agreement between U.S. and Chinese auditing authorities, a senior State Department official said, a move that could foreshadow a broader crackdown on U.S.-listed Chinese firms under fire for sidestepping American disclosure rules.
Reuters
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