An inflection point is a point on a curved lined at which the direction of the curve changes. Ukraine feels like an inflection point in global affairs. All the pieces are in play in a way we haven’t see since … probably 9/11, and before that maybe the fall of the Berlin Wall. How it […]
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iQiyi shares surge
Shares of Chinese video streaming platform iQiyi closed around 20% up on Tuesday after the firm’s CEO Gong Yu talked up the financial prospects of its subscription model in China’s developing copyright protection environment, reports Caixin. The Nasdaq-listed firm closed 21.5% higher than at the start of the day at $5.03 a share. Administrative costs […]
A fintech unit of Chinese insurance giant Ping An filed for a listing on the Hong Kong Stock Exchange on Monday, reports Caixin. OneConnect Financial Technology plans to debut on the bourse through introduction—a way for publicly traded companies with good compliance to trade their existing shares on another exchange—meaning the New York-listed business will […]
Factory activity in China returned to growth last month on the back of an increase in new orders, but employment continued to contract and pressures of inflation became more pronounced, reports Reuters. The Caixin/Markit Manufacturing Purchasing Managers’ Index (PMI) rose to 50.4 in February, pulling away from a two-year low of 49.1 in the previous […]
Chinese tech giant Alibaba posted its worst quarterly sales growth since going public in 2014, amid increased regulatory action on the country’s tech sector by Beijing, reports the Financial Times. The group said on Thursday total revenue grew only 10% to RMB 243 billion ($38 billion) in the final three months of last year, with […]