Zhejiang province Tag

03 Apr Alibaba Group steps up stock buy-back in Hong Kong, New York as e-commerce rivalry, earnings outlook worry investors

Posted at 02:54h in Asia

Alibaba Group Holding, China’s biggest e-commerce platform operator, said it bought back US$4.8 billion worth of its own shares in Hong Kong and New York last quarter, marking the most aggressive buy-back since 2021 as the stock slipped amid concerns about competition and earnings outlook.The...

29 Mar China’s new rules for finance pull the brakes on gravy train, bringing ‘greed is good’ era to a halt

Posted at 22:00h in Asia

“Everyone, from the top brass to people like us in middle ranks, earn less than before,” said a credit manager with Bank of China, one of the country’s “big four” state-owned banks, lamenting the loss of the staggering bonuses that she used to bag in...

Zhejiang province Tag

29 Mar China’s new rules for finance pull the brakes on gravy train, bringing ‘greed is good’ era to a halt

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