London Daily News
Wednesday, Sep 22, 2021
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China's answer to the Nasdaq just had a crazy first day. Stocks gained 140%
Trading on China's new Nasdaq-style stock market got off to a spectacular start Monday as investors sent share prices soaring, creating several new tech billionaires in the process.
Mnuchin is wrong: Amazon has done more good than bad for small business
The treasury secretary said Amazon ‘destroyed the retail industry’ – but Amazon has created businesses, side hustles, development and content design opportunities for more than 1.9m small businesses and entrepreneurs around the world who...
Malaysia Files Criminal Charges Against Goldman Sachs Execs in 1MDB Scandal. Other countries might be also victim of similar scandal.
Malaysia filed criminal charges against 17 current and former Goldman Sachs Group Inc. employees, stepping up its efforts to prosecute individuals it alleges were involved in frauds related to the state investment fund 1MDB. Those charge...
Alibaba President Among Those Malaysia Charged in 1MDB Deal
Mike Evans is one of 17 facing criminal charges in scandal. Evans is the international face of China’s e-commerce leader.
European officials draft radical plan to take on Trump and U.S. tech companies
In a bid to counter Trump, EU officials are proposing to unilaterally slap tariffs on the United States. The goal: get Europe competing head-on with the American and Chinese tech giants it has lagged behind for decades.
Awesome Alexa gets Ant & Dec's Golden Buzzer!
BGT: The Champions
11-year-old Alex Lauenburger and her eight perfect pooches jumped and backflipped their way to Ant & Dec's Golden Buzzer. Could this be the greatest dog show in the world?
Jack Ma Returns to Hupan: Birthplace of Alibaba
Hupan Garden, Jack Ma’s Hangzhou apartment in 1999, is where it all began for Alibaba. On the eve of the company’s 20th birthday, we took Ma back to Hupan to reflect on those early days and what it took to build Alibaba into what it is t...
Xixi campus, Alibaba’s global headquarters in Hangzhou - home to about 22,000 of its 100,000 global employees.
Hangzhou, China - Chinese tech giant Alibaba’s global headquarters in Hangzhou is more than an office or corporate campus. It’s an incubator for all things tech, testing everything from self-driving cars to automated hotels.
Huawei Goes All-In on Computing Power To Rival Google, Amazon
The company used its annual conference to announce a cutting-edge new AI training cluster and $1.5 billion in funding to attract software developers to its platforms.
Elon Musk is from Mars, Jack Ma is from Venus
Edit of Jack Ma and Elon Musk at the World Artificial Intelligence Conference
Trump considers delisting Chinese firms from U.S. markets
President Donald Trump's administration is considering delisting Chinese companies from U.S. stock exchanges, three sources briefed on the matter said on Friday, in what would be a radical escalation of U.S.-China trade tensions.
SoftBank Gives ‘Very Public Lesson’ to Founders in WeWork Ouster
Masayoshi Son, long known as a free-spending benefactor who encouraged startup founders to pursue their dreams even if it meant losing billions of dollars, had a different message for entrepreneurs last week: Your dreams had better be pr...
Chinese official caught with 13.5 tonnes of gold and £30bn in bribes
Thousands of golden bars and bricks were discovered at the man's home during a raid this month. Inspectors also discovered £30 billion in suspected bribes on the man's account.
China's answer to the Nasdaq might be starting to fizzle
China's latest attempt to create a Nasdaq-style stock market appears to be running into trouble just three months in.
Steve Forbes Interviews Jack Ma at Forbes Global CEO Conference
Forbes Media Chairman and Editor-in-Chief Steve Forbes interviewed Alibaba founder Jack Ma after Ma received the Malcolm S. Forbes Lifetime Achievement Award.
THE FUTURE OF FINTECH 2019: The five megatrends reshaping the financial services value chain
This is a preview of The Future of Fintech five-part slide deck from Business Insider Intelligence. Business Insider Intelligence analyzes the five most important trends reshaping financial services with detailed data and actionable insi...
China's answer to WeWork, UCommune, files for US IPO
Beijing-based company surprised investment bankers by chasing a public listing after WeWork's IPO debacle.
Alipay, Tencent beware: China's digital yuan is closing in
A senior Chinese central bank official said in August that it is close to issuing its own cryptocurrency.
Alibaba to resume Hong Kong listing plans as soon as November
Alibaba Group Holding Ltd (BABA.N) is eyeing a listing in Hong Kong as early as November to raise up to $15 billion, after political unrest put the move on ice earlier this year, people familiar with the matter said on Wednesday.
He revolutionized how millions of people spend money in India. His next target: America
The founder of Paytm, India's largest digital payments company, has already revolutionized the way 400 million people pay for stuff in India. Now, he's also trying to wean Japan off cash while fighting off Facebook, Google and Walmart on...
ESR Cayman’s shares advance in Hong Kong trading debut, helping market claw back some of its mojo lost in trade war, street protests
The logistics real estate developer’s IPO is the second-biggest listing in Asia and on the Hong Kong stock exchange after Budweiser Brewing Company APAC. Listing is another boost to the Hong Kong stock exchange as it fights for global fu...
Microsoft four-day work week 'boosts productivity'
Microsoft Japan said sales had been boosted by nearly 40% during an experiment in which staff worked a four-day week on full pay.
Chinese consumers break last year’s Singles’ Day record with 268.4 billion yuan in sales
Alibaba’s Singles’ Day shopping festival, which falls on November 11 every year, is the world’s largest of its kind
A new $400 million tech fund wants to help European start-ups compete with Silicon Valley and China
Balderton Capital has raised a new investment fund that focuses on start-ups seeking Series A financing. The London-based venture capital firm says its new fund will make roughly 12 investments per year. Balderton has now raised a total ...
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