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HONG KONG/BEIJING (Reuters) - Ant Financial shares are being offered privately at levels which value the Chinese financial giant at US$200bil, two people with knowledge of the discussions said, lifting it up the ranks of the most valuable unlisted companies.
Alibaba’s promise to the Olympic family is to bring its technological might to help organizers, broadcasters and fans.
BEIJING (China Daily/ANN): A high-speed train with deliverymen enjoying a free ride to home left Shanghai's Hongqiao Railway Station on Jan 16, as the city's hundreds of thousands of couriers began going back to their hometowns for the upcoming Chinese New Year.
China’s Internet companies invest billions in virtual red packets for Lunar New Year as they vie for more traffic
Last year’s CCTV’s Spring Festival Gala attracted more than 1.1 billion viewers.
HO CHI MINH CITY (Vietnam News/ANN): The Investment and Trade Promotion Centre of HCM City will focus on improving trade promotion in terms of both quality and quantity to help Vietnamese firms better exploit their markets.
Alibaba’s Damo Academy lists new technologies in 2020.
HONG KONG/BEIJING: China is working to finalise its first rules to cover online-only banking operations in a push to minimise risk in the financial sector and attract players including foreign lenders, three people with direct knowledge of the matter said.
Singapore is opening up its banking industry to digital lenders in a reform that could shake up the sector across South-East Asia, with Chinese billionaire Jack Ma and ride-hailer Grab among those seeking licences.
E-commerce giants such as Alibaba and Pinduoduo are increasing efforts to help rural farmers and merchants sell their products online. China has made eradicating poverty an important goal to be achieved by the end of 2020.