Amid a labour shift that has pushed millions of jobseekers to online platforms, greater protections are being promised for some temporary workers.
China's technology stocks rallied Tuesday. E-commerce firm Alibaba and smartphone maker Xiaomi both saw their stock price surge over 4%, while video games firm Tencent and online services company Meituan also gained.
Wall Street is flirting with a record again as U.S. stock indexes creep higher on Tuesday. The S&P 500 was up 0.1% in early trading and just above its all-time closing high set last month. The Dow Jones Industrial Average was down 59 points,
President Xi Jinping presided over a meeting with Alibaba co-founder Jack Ma and other Chinese business leaders, signaling his support for private companies after years of turmoil. The gathering included the heads of Xiaomi and Meituan,
Early European trading was mostly down, with France’s CAC 40 down 0.18%, while Germany’s DAX dipped 0.26%. Britain’s FTSE 100 remained mostly unchanged. Hong Kong's Hang Seng rose 1.59% to 22,976.81,
Starbucks (NASDAQ:SBUX) is reportedly exploring options to sell a stake in its China business, with several buyout firms and Chinese companies showing interest. Sources told Reuters that KKR & Co (KKR),
KKR & Co, Fountainvest Partners and PAG are among buyout firms interested in acquiring a stake in Starbucks' China business, four sources said, as the U.S. coffee chain looks to revive flagging sales in its second-largest market.
Amid a labour shift that has pushed millions of jobseekers to online platforms, greater protections are being promised for some temporary workers.
Asian equities were largely lower despite a weaker US dollar overnight, as Japan outperformed and India underperformed.
Meituan taps into an RMB 500bn market with personal photography services, boosting revenue and user experience. Read why we are bullish on MPNGF stock.
Asian equities ended a positive week on a high note, led by Hong Kong and Mainland China-listed growth stocks following Alibaba’s financial results, which were reported after the close in Hong Kong yesterday.
Chinese leader Xi Jinping hosted Alibaba co-founder Jack Ma and the country’s top tech executives in Beijing on Monday, in a meeting that signals officials could be steering the country in a more business-friendly direction after a yearslong regulatory crackdown.