Payments

Note of Support from Founder Jack Ma Lifts Alibaba Shares 5%

Ma praised the leadership of Eddie Wu and Joe Tsai. He said the split into six units helped streamline decision-making,…

2 weeks ago

Singapore Tightens Money Laundering Rules After $2.2bn Scandal

The biggest money-laundering case found in Singapore has led to officials tightening oversight, but small terms given to 2 men…

2 weeks ago

Top US Republican Senator Backs Forced Sale of TikTok

Republican leader in the Senate backs push for China's Bytedance to divest TikTok, which he said was a threat to…

2 weeks ago

PAG in 60% Buyout of Wanda Mall Unit in China for $8.3 Billion

Investors led by PE firm PAG have bought a 60% stake in property giant Dalian Wanda's mall unit, which runs…

3 weeks ago

Alibaba Ditches Cainiao IPO, Offers to Buy Remaining Shares

The e-commerce giant has abandoned plans to list its cross-border logistics unit and is offering minority shareholders of Cainiao a…

4 weeks ago

Fear of US Sanctions Delaying Oil Payments to Russia, Banks Say

A US Treasury warning of secondary sanctions has sparked concern among banks in China, Turkey and the UAE, delaying payments…

4 weeks ago

China’s Factories Enjoy a Jump in Profits, Official Data Shows

Profits jumped by 10% in the first two months of 2024, data from the National Bureau of Statistics showed, suggesting…

4 weeks ago

Indebted Provinces Seek Help From State Banks in Beijing – FT

Officials from two of China's most indebted provinces, plus the city of Tianjin, took part in high-level talks with state…

1 month ago

Bitcoin Price Surges Past $69,000 Mark For First Time – BBC

The crypto’s rise has come after US regulators approved several spot bitcoin exchange-traded funds (ETFs) in January

2 months ago

Google Facing Heat in India Over Removal of Play Store Apps

Information Technology minister said the move on Friday, which follows a long dispute over the group's service fee charges, 'cannot…

2 months ago

Lockbit Cybercrime Gang Claims It’s Up And Running Again

The notorious ransomware group was the target of an international law enforcement bust last week but now says it is…

2 months ago

Creditors Set to Sue State Shareholder of Chinese Developer

Offshore creditors plan to sue state-owned Shenzhen SEZ Construction and Development, which holds 29% of China South City, because of…

2 months ago