Alibaba

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WPP’s intention to seek local partners by ceding a minority stake predates Martin Sorrell’s departure in April. Photograph: Daniel Leal-Olivas/AFP/Getty Images

WPP is in talks to sell a minority stake in its China-based advertising business to Alibaba, Tencent and China Media. The talks, first reported by Sk(...)

Amin Nasser, chief executive of Aramco: “Aramco is ready for the initial offer and the timing remains subject to the state’s decision,” he said on Friday.  Photograph: Hamad I Mohammed/Reuters

Saudi Aramco signalled another potential delay for the world’s largest initial public offering after it started talks this week to buy a stake in a lo(...)

Alibaba Group chairman Jack Ma. The Chinese ecommerce giant’s Alibaba’s pullback from US investments coincides with escalating tensions between the US and China. Photograph: Anthony Kwan/Bloomberg

Alibaba is scaling back its presence in Silicon Valley – a sign that the Trump administration’s crackdown on Chinese investment in US companies is cas(...)

John Flint, who was promoted chief of HSBC, Europe’s biggest bank, in February, reassured shareholders on Monday that he would maintain the dividend at current levels and continue the group’s recent practice of buying back shares.

The new chief executive of HSBC has promised to break almost a decade of declining revenues by investing $15 billion (€12.7 billion) to $17 billion in(...)

People visit a showroom of Ant Financial in Hangzhou in China’s eastern Zhejiang province

Ant Financial Services Group, operator of China’s biggest online payment platform, on Friday said it raised around $14 billion in what market watchers(...)

Traders work on the floor of the New York Stock Exchange. Photograph: Michael Nagle/ Bloomberg

Stocks fell hard last Tuesday as US 10-year bond yields topped 3 per cent for the first time since 2014. There’s been much agonised commentary as to w(...)

 Flipkart logo. Photograph: Reuters

Walmart is close to finalising a deal to buy a majority stake in India’s leading ecommerce company for at least $12 billion and may complete the agree(...)

 New York Stock Exchange: Some weeks back, everyone was worrying the US economy might overheat. Now, everyone’s worrying about a recession.  Photograph: Michael Nagle/Bloomberg

The Faangs, the tech stocks that have led this bull market higher, have had a torrid time lately. The Fang+ index – Facebook, Amazon, Apple, Netflix, (...)

The trailer for the film features Jack Ma, who is Asia’s richest man with a net worth of around $48bn, making a dramatic entrance by punching through a basketball.

Chinese billionaire Jack Ma has a gift for the world this lunar new year. But, contrary to tradition, it’s not a red packet stuffed with crisp bills. (...)

Charlie Munger addressing the Daily Journal annual meeting: “I’m about to die and you aren’t. You don’t want to trade your position for mine.” Photograph: Reuters

There cannot be many nonagenarians who spend their time worrying about cryptocurrencies. But Charlie Munger, the 94-year-old billionaire investor, is(...)

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