Alibaba, Nio, Tencent and other Chinese stocks rise

Alibaba, Nio, Tencent and other Chinese stocks rise

Chinese stocks rose on Monday as investors remained optimistic that coronavirus rules would be eased, despite repeated messages from authorities that China would stay the course with “zero Covid” policies. Major U.S.-listed Chinese stocks were higher in premarket trade, with Ali Baba (ticker: BABA) rises 1.5%, JD.com (JD) 2% in the green, Tencent (700.HongKong) climbing … Read more

Hong Kong shares dive after China rally

Hong Kong shares dive after China rally

Almost all stocks in the Hang Seng index were trading lower at midday on Monday. Photo: Vernon Yuen/Associated Press Hong Kong stocks faced a wave of selling after the conclusion of the Chinese Communist Party’s National Congress meeting at the weekend. The Hang Seng Index was down 5% by midday, taking it below its lowest … Read more

Chinese tech billionaire Richard Liu settles sexual assault case in Minnesota

Chinese tech billionaire Richard Liu settles sexual assault case in Minnesota

MINNEAPOLIS — Richard Liu, the billionaire founder of Chinese e-commerce giant JD.com Inc., settled a sexual-assault lawsuit filed against him by a former University of Minnesota student, ending a legal battle seen as pivotal to China’s embattled #MeToo movement. The agreement to settle came just before a Minneapolis jury was to hear testimony to determine … Read more

Chinese tech billionaire Richard Liu settles sexual assault case in Minnesota

Chinese tech billionaire Richard Liu settles sexual assault case in Minnesota

HONG KONG — Richard Liu, billionaire founder of Chinese e-commerce giant JD.com Inc., settled a lawsuit filed against him by a former University of Minnesota student, ending a legal battle that had attracted widespread attention in China. The agreement to settle came on Saturday, two days before a Minneapolis jury was to hear testimony to … Read more

China’s Pinduoduo quietly launches US e-commerce site Temu

China’s Pinduoduo quietly launches US e-commerce site Temu

Chinese e-commerce company Pinduoduo Inc. PDD 1.11% this week quietly launched an online marketplace in the US called Temu, the latest example of overseas expansion by Chinese companies as the economy at home slows. Similar to Shein, the Chinese ultra-fast e-commerce company, Temu boasts competitive prices. Featuring products in 14 categories, including clothing, accessories, pet … Read more

China’s Pinduoduo quietly launches US e-commerce site Temu

China’s Pinduoduo quietly launches US e-commerce site Temu

Chinese e-commerce company Pinduoduo Inc. PDD 1.18% this week quietly launched an online marketplace in the US called Temu, the latest example of overseas expansion by Chinese companies as the economy at home slows. Similar to Shein, the Chinese ultra-fast e-commerce company, Temu boasts competitive prices. Featuring products in 14 categories, including clothing, accessories, pet … Read more

Alibaba and JD.com shares rise. Let the American revisions begin.

Alibaba and JD.com shares rise.  Let the American revisions begin.

Text size Investors in Alibaba and other US-listed Chinese stocks are craving regulatory clarity. Greg Baker/AFP via Getty Images Shares of Ali Baba and JD.com were rising on Wednesday after a report that the Chinese e-commerce giants are among the first companies singled out for inspection by U.S. auditors following a major bilateral agreement on … Read more

USA, Kina nærmer sig aftale om at tillade revisionsinspektion af kinesiske selskaber, der er noteret i NY

USA, Kina nærmer sig aftale om at tillade revisionsinspektion af kinesiske selskaber, der er noteret i NY

SINGAPORE – USA og Kina nærmer sig en aftale, der vil tillade amerikanske regnskabstilsynsmyndigheder at rejse til Hong Kong for at inspicere revisionsoptegnelserne for kinesiske virksomheder noteret i New York, ifølge folk bekendt med sagen, efterhånden som de to lande bevæger sig hen imod en løsning på en årelang afstand. Værdipapirtilsynsmyndigheder i Beijing sørger for, … Read more

Five of China’s largest state-owned enterprises, worth $318 million, will soon be delisted from Wall Street

Five of China’s largest state-owned enterprises, worth $318 million, will soon be delisted from Wall Street

For months, federal regulators have increased pressure on Beijing and Chinese companies that trade on U.S. exchanges to comply with U.S. listing rules. But on Friday, five of China’s largest U.S.-listed, state-owned giants, worth a combined $318 billion, announced they would leave Wall Street instead, marking an acceleration in the financial decoupling between the U.S. … Read more