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TOKYO: SoftBank Group Corp got the equivalent of a “sell” rating for the first time in more than four years after a surge in its shares pushed them beyond the price target for many analysts.
NEW YORK/BOSTON (Reuters): Jack Ma's 50-second video reappearance may have buoyed Alibaba Group's shares, yet it has done little to resolve the Chinese e-commerce giant's troubled relationship with regulators that is making some investors hesitate about owning its stock.
China proposed measures to curb market concentration in its online payment market, potentially dealing another blow to financial technology giant Ant Group Co and Tencent Holdings Ltd.
For investors who’d been waiting months to catch a glimpse of Jack Ma, the entrepreneur’s participation in a livestreamed video conference on Wednesday was enough to trigger a US$58bil (RM233.76bil) sigh of relief. That’s how much Alibaba Group Holding Ltd’s market value soared after a clip of Ma speaking to a group of teachers began circulating online – his first public comments since disappearing from view late last year.
HONG KONG: Hong Kong’s equity traders can’t get enough of Tencent Holdings Ltd., the $930 billion giant that’s on pace for its biggest ever monthly gain.
HONG KONG: Tencent Holdings Ltd. fell Tuesday, after a world-beating surge in the stock pushed its market value to the cusp of $1 trillion for the first time.
When China’s two big mobile powers clashed publicly on New Year’s Eve, the stock of a little-known gaming company surged the most ever, minting a new billionaire in 38-year-old maverick entrepreneur Huang Yimeng.
Pony Ma overtakes Pinduoduo’s Colin Huang and Alibaba’s Jack Ma as the second-wealthiest person in China with a net worth of US$75bil. Tencent edged closer to joining the exclusive US$1 trillion club after Monday stock surge.