IPOs & Markets
The online retailer's upbeat results provided a bright spot in China's e-commerce industry and wider tech sector which is slowing down after years of
The fund's LPs will include JD Logistics, parent firm JD.com, several listed companies and government-led funds.
Maggie Wu will take over from Executive Vice-Chairman Joe Tsai, Alibaba said.
The company also has no timeline for when the logistics unit will achieve profitability.
As many as 120 firms have sought permission to list, aiming to raise a combined $16 billion.
The JV marks a high-profile partnership of Jack Ma-controlled Ant Financial with an overseas asset manager.
Policy & Regulations
Nepal said payments from the two unregistered systems were illegal and resulting in a loss of income to the Himalayan nation.
The latest funding values the Starbucks challenger at $2.9 billion.
Shoppers in China will no longer be able to buy goods from other third-party merchants in the country.
Meitu, which listed in late 2016 in what was then HK's largest tech IPO in a decade, has since suffered losses and its share price has more than halve
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