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Trade war and censors blow chill wind through China's giant tech scene

1 day ago DieselGasoil Comments Off on Trade war and censors blow chill wind through China's giant tech scene
BEIJING (Reuters) – Wang Miaoyi’s small one-bedroom apartment, which doubles as her design studio, is overflowing with game magazines, figurines and boxes of sci-fi novels. Game developer Wang Miaoyi works in her studio that is located in her appartment in Beijing, October 29, 2018.REUTERS/Thomas Peter The 30-year old game developer is a child of the Read More

Citron's Left makes U-turn and now sees value in China

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NEW YORK (Reuters) – Andrew Left, whose Citron Research has published critical reports on Chinese companies and profited when their shares dropped, is now making a contrarian call by going long on some. Andrew Left, the founder of Citron Research, speaks during the Reuters Global Investment 2019 Outlook Summit, in New York, U.S., November 12, Read More

E-commerce behemoth Alibaba smashes ‘Singles Day’ records with $1bn in sales in just 85 seconds

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Chinese e-commerce giant Alibaba has smashed records for its Singles Day, the world’s biggest 24-hour shopping event, despite an ongoing trade war with the US and waning domestic interest in the event. The 2018 edition of the 11/11 Singles Day brought in a record $30.8 billion (213.5 billion yuan, renminbi), beating Amazon’s Prime Day, as Read More

SoftBank seeks hard cash in Japan telco IPO

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TOKYO (Reuters) – SoftBank Group Corp (9984.T) has won approval to conduct a 2.4 trillion yen ($21.04 billion) initial public offering (IPO) of its Japanese telecoms business, in a deal that will seal the group’s transformation into a top global technology investor. Japan’s SoftBank Group Corp Chief Executive Masayoshi Son bows his head after his Read More

Japan's SoftBank steps closer to transformation with mammoth mobile IPO

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TOKYO (Reuters) – SoftBank Group Corp (9984.T) has won approval to conduct a 2.4 trillion yen ($21.04 billion) initial public offering (IPO) of its domestic telecoms business, in a deal that will seal the group’s transformation into a top global technology investor. A journalist raises her hand to ask a question to Japan’s SoftBank Group Read More

'King dollar' benefits from European risks, growth fears

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LONDON (Reuters) – The dollar surged to nearly 17-month highs on Monday against a basket of major currencies as investors sought out the highly liquid and high-yielding currency against a backdrop of global growth worry and rising political risk in Italy and Britain. People walk past the entrance of the London Stock Exchange in London, Read More

Sterling tumbles on Brexit turmoil; dollar, oil jump

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SHANGHAI (Reuters) – Sterling fell on Monday, helping to boost the dollar to a 16-month high, amid mounting doubts over whether Prime Minister Theresa May can come up with a Brexit deal that would win the backing of the European Union and her own party. FILE PHOTO: A panel displays the closing Hang Seng Index Read More

Japan's SoftBank steps closer to transformation with $21 billion mobile IPO

2 days ago DieselGasoil Comments Off on Japan's SoftBank steps closer to transformation with $21 billion mobile IPO
TOKYO (Reuters) – SoftBank Group Corp’s (9984.T) domestic telecoms unit on Monday received approval to list on the Tokyo Stock Exchange through one of the biggest-ever initial public offerings (IPO) at 2.4 trillion yen ($21.04 billion), a regulatory filing showed. A journalist raises her hand to ask a question to Japan’s SoftBank Group Corp Chief Read More

Asia stocks lower amid growth worries; oil rebounds

2 days ago DieselGasoil Comments Off on Asia stocks lower amid growth worries; oil rebounds
SHANGHAI (Reuters) – Asian shares drifted lower on Monday as signs of softening demand in China rekindled anxiety about the outlook for world growth, but Saudi Arabia’s plans to cut production helped to halt a slide in oil prices. FILE PHOTO: A panel displays the closing Hang Seng Index outside a bank in Hong Kong, Read More

Alibaba nets record $30 billion in Singles' Day haul, but growth rate plunges

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SHANGHAI (Reuters) – Chinese e-commerce giant Alibaba Group Holding Ltd cashed a record 213.5 billion yuan ($30.7 billion) in sales on Sunday during its 24-hour online retail frenzy Singles’ Day, but the event’s annual growth dropped to its slowest rate. Shoppers in China and across the world snapped up hot items including iPhones, furniture and Read More