Latest: Asia Stock Market News
Group's shares jump 16% after similar rise in the US; Hang Seng Index lifted by speculation China's regulatory crackdown is ending and talk of IPOs from Alibaba hiving off business units
The Chinese e-commerce giant on Tuesday announced the biggest rejig in its history, which will see it split into six independent units; the news comes after founder Jack Ma returned home
Chinese tech giant will reorganize its businesses into six independently run entities to shorten its decision-making processes, CEO Daniel Zhang said this week
The group's flagship firm, Adani Enterprises, slid nearly 7% to a near four-week low, while Adani Ports tumbled more than 5%
A deal to buy failed Silicon Valley Bank calmed nervous investors but doubts linger about brittleness in the banking sector
The Chinese electric vehicle maker is pushing to make battery swapping a viable alternative to rivals' rapid-charging technology
The deal aims to strengthen their battery supply chains, by reducing dependence on China, and help Japanese carmakers access to a new tax credit for electric vehicles in the US.
Beijing will also tighten scrutiny of domestic and foreign auditors — “including the Big Four” accounting firms — vice-minister of finance, Zhu Zhongming warned
The format was changed to satisfy the 'strong demand' from 120,000 companies that had applied to test Ernie Bot, the search giant said
The news of Jack Ma’s return comes on the final day of the China Development forum, a government-funded event being held in Beijing
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China-US Economic TiesChina Stocks Delisting From US: Everything You Need to Know -
Market InsightsChina Stock Market Guide: Everything You Need To Know
AF China Bond
China Stock Markets
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SemiconductorsTaiwan to Fine Foxconn After Unauthorised Chinese Investment -
Market InsightsChina’s Covid Infections Rise Further as Outlook Darkens
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With a market cap of$240 billion, chipmaker ASML is Europe’s most valuable tech company. Its market-leading position comes from its monopoly in Extreme Ultraviolet Lithography (EUV) machines which allow chipmakers to make smaller, faster and smarter semiconductors
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Oil & GasIndia Is Likely Exporting Refined Russian Oil to the WestIndia’s fast-rising Russian oil imports are being matched by its rising oil exports suggesting it may be reselling Russia’s oil to the West.
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MarketsApple Asks Suppliers in Taiwan to Meet China Label StandardsUS tech giant Apple told its Taiwan suppliers that products moving to China must be labelled to state that the island is a part of China and not an independent nation
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MarketsIndian-Owned Tech Firms See Sharp Growth in UKDespite a moribund British economy and heavy corporate tax, Indian-owned tech firms are growing in the UK.
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MarketsChina Becomes World’s Second-Biggest Bitcoin Mining HubThe Bitcoin mining ban in China last year had collapsed its crypto markets. Despite that, the country has reemerged as a major bitcoin mining hub, according to research by the UK's University of Cambridge.
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