ECOMMA

Five Chinese state-owned companies to delist from NYSE amid U.S. tensions

SHANGHAI/HONG KONG, Aug 12 (Reuters) – Five Chinese state-owned companies, including oil giant Sinopec (600028.SS) and China Life Insurance (601628.SS), said on Friday they would delist from the New York Stock Exchange, amid economic and diplomatic tensions with the United States.The companies, which also include Aluminium Corporation of China (Chalco) (601600.SS), PetroChina (601857.SS) and Sinopec …

Five Chinese state-owned companies to delist from NYSE amid U.S. tensions Read More »

SoftBank’s Alibaba sale could end breakup taboo

Japan’s SoftBank Group Corp Chief Executive Masayoshi Son attends a news conference in Tokyo, Japan, November 5, 2018. REUTERS/Kim Kyung-HoonRegister now for FREE unlimited access to Reuters.comRegisterLONDON, Aug 10 (Reuters Breakingviews) – Masayoshi Son is thinking the unthinkable at SoftBank Group (9984.T). His $63 billion technology and telecom empire will slash its stake in Alibaba …

SoftBank’s Alibaba sale could end breakup taboo Read More »

China’s Alibaba strives to keep New York listing amid audit dispute

The logo Alibaba Group for is seen on the trading floor at the New York Stock Exchange in Manhattan, New York City, U.S., Aug. 3, 2021. REUTERS/Andrew Kelly/File PhotoRegister now for FREE unlimited access to Reuters.comRegisterAug 1 (Reuters) – Alibaba Group Holding Ltd (9988.HK) on Monday said it would work to maintain its New York …

China’s Alibaba strives to keep New York listing amid audit dispute Read More »

Indonesia blocks Yahoo, Paypal, gaming websites over licence breaches

The PayPal app logo seen on a mobile phone in this illustration photo October 16, 2017. REUTERS/Thomas White/IllustrationRegister now for FREE unlimited access to Reuters.comRegisterJAKARTA, July 30 (Reuters) – Indonesia has blocked search engine website Yahoo, payments firm PayPal (PYPL.O) and several gaming websites due to failure to comply with licensing rules, an official said …

Indonesia blocks Yahoo, Paypal, gaming websites over licence breaches Read More »

Alibaba added to SEC’s delisting watchlist, shares fall

July 29 (Reuters) – Alibaba Group Holding Ltd (9988.HK), on Friday became the latest company to be added to the U.S. Securities and Exchange Commission’s list of Chinese companies that might be delisted.Alibaba’s shares were down 11% at $89.37 at the closing bell, ending the month 21.4% lower. The e-commerce giant’s shares were already feeling …

Alibaba added to SEC’s delisting watchlist, shares fall Read More »

China’s Alibaba to apply for dual primary listing in Hong Kong

A man walks past the Alibaba Group office building in Beijing, China August 9, 2021. REUTERS/Tingshu WangRegister now for FREE unlimited access to Reuters.comRegisterExpects to add HK primary listing by end-2022, keep NYSE listingHong Kong shares jump 5%; move will diversify investor base -CEOSeen boosting mainland China investor access to Alibaba sharesIn line with move …

China’s Alibaba to apply for dual primary listing in Hong Kong Read More »

China regulator fines Alibaba, Tencent for disclosure violations

SHANGHAI, July 10 (Reuters) – China has imposed fines on technology giants Alibaba (9988.HK) and Tencent (0700.HK) as well as a range of other firms for failing to comply with anti-monopoly rules on the disclosure of transactions, the country’s market regulator said on Sunday.The State Admnistration for Market Regulation (SAMR) released a list of 28 …

China regulator fines Alibaba, Tencent for disclosure violations Read More »