Munger said he wished cryptocurrency had been banned from the start. "I'm proud of the fact that I avoided it," he said

The adjustments to its investments, revealed in a Securities and Exchange Commission filing, reflect investor concerns about the Chinese tech sector

Regulator meets with 27 firms such as Tencent, Alibaba and ByteDance to explain the regulatory landscape so they have a clearer grasp of sustainable 'development opportunities'

Hong Kong led the advance leaping more than 2% thanks to a 6.8% surge for e-commerce giant Alibaba after SoftBank denied it was planning to offload some of its huge holdings

The ADS registration might also suggest potential selling intention by SoftBank, Citigroup analysts said this week

Bargain-buying gave the region’s markets a lift though Hong Kong fell with Alibaba under pressure after reports major shareholder SoftBank may be planning to offload part of its stake

Tencent invested in 258 companies, 60% more than in 2020. Alibaba made 70 investments, up 59% and ByteDance bought into 58 companies, 87% more

Beijing says efforts will be made to investigate and punish the corrupt behaviour behind the disorderly expansion of capital and platform monopolies

The company raised its holding by 99.3% to 602,060 sponsored American Depository Shares as of December 31, according to a regulatory filing

E-commerce giant aiming to serve more than 300 million users and boost regional e-commerce transactions to $100 billion a year

Changes planned as e-commerce group faces headwinds from increased competition, a slowing economy and a regulatory crackdown

The mood on trading floors was also lifted by China's central bank moving to limit the fallout from its property debt crisis with an RRR cut and that helped boost Alibaba’s shares by 12%