With Alibaba stake cut, SoftBank’s Son cools toward China tech
SoftBank Group Corp’s (9984.T) decision to sell down its Alibaba Group Holding (9988.HK), stake for a $34 billion gain may be aimed at bolstering its finances, but it also underlines how CEO Masayoshi Son has cooled on China tech.
SoftBank seen posting bruising Vision Fund loss on tech sell-off
Japan’s SoftBank Group Corp (9984.T) is set to report a bruising loss at its Vision Fund investment unit on Thursday, analysts said, after investors sold off the high-growth stocks favoured by the fund with questions about their earnings potential.
Investors in India’s Paytm have no access to payments bank data, CEO says
Investors in India’s Paytm (PAYT.NS) do not have access to customer data of its payments bank, CEO Vijay Shekhar Sharma told Reuters in an interview on Monday, seeking to allay concerns over reports of user data being leaked to Chinese firms.
Alibaba reports slowest revenue growth since going public as competition bites
Chinese e-commerce giant Alibaba Group Holding Ltd (9988.HK), reported on Thursday its slowest quarterly revenue growth since going public in 2014, hit by a drop in sales at its core business segment and intensifying competition.
EXCLUSIVE China readies plan to elevate status of antitrust unit – sources
China is considering boosting the status of its antitrust bureau within the market regulatory agency as it steps up a campaign against anti-competitive behaviour, two people familiar with the matter said.
Chinese tech firms ‘self-correct’ to get ahead of potential regulatory fury
Fretting about unprecedented regulatory heat for China’s tech sector, some companies are no longer waiting for any official reprimands that may or may not be forthcoming.
