ALIBABA GROUP HOLDING-SP ADR

Alibaba Discloses State Ownership in More Than 12 Business Units

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Alibaba Discloses State Ownership in More Than 12 Business Units

Alibaba Group Holding Ltd. disclosed a wider web of Chinese government stakes in its business units than previously known, following an inquiry from the US Securities and Exchange Commission. The Hangzhou-based e-commerce pioneer said in filingsBloomberg Terminal in the US and Hong Kong over the weekend that more than a dozen of its entities are … Read more

Tencent Leads $80 Billion Rout as China Rekindles Crackdown Fear

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Tencent Leads $80 Billion Rout as China Rekindles Crackdown Fear

Tencent Holdings Ltd. led an $80 billion selloff in some of China’s biggest online names, after the surprise imposition of new gaming curbs revived fears Beijing may again be targeting the country’s giant internet sector. The top gaming regulator on Friday publishedBloomberg Terminal draft rules broadly designed to clamp down on practices that encourage players … Read more