chinese

Momo Beats Q2, But Shares Plummet Over 19%

Momo Beats Q2, But Shares Plummet Over 19%

Momo Inc. (NASDAQ: MOMO) reported its second quarter earnings and beat estimates, but despite strong results, shares plummeted down over 19 percent during Tuesday’s trading hours.The Chinese social media company posted revenues for the second ..

Chinese Cabinet Stops Foreign Acquisitions

Chinese Cabinet Stops Foreign Acquisitions

The Chinese government is all set to put a full stop to acquisitions outside the country by domestic businesses. The move is being touted as a means to ensure that Chinese businesses do not take on excessive debt. A document has been released by the..

Short Sellers Continue to Complain About Stock Manipulations in Hong Kong

Short Sellers Continue to Complain About Stock Manipulations in Hong Kong

Stock manipulations in Hong Kong are on the rise, say, short sellers, who are determined to bring these to the light despite the many challenges they face in doing so. The number of complaints from their brethren against Chinese companies listed in ..

Malaysian Sukuk Finds Favor Among Chinese Companies

Malaysian Sukuk Finds Favor Among Chinese Companies

Chinese companies are increasingly sourcing funds through Malaysian Islamic bonds or Sukuk in Malaysia. The last two weeks of July witnessed a number of such financial arrangements, including the shoring up of Tadau Energy, a solar energy unit from ..

BMW Joins Electric Car Startrup Faraday Future

BMW Joins Electric Car Startrup Faraday Future

Jia Yueting, Chinese Entrepreneur from Faraday Future, an electric car start-up, has hired BMW veteran Ulrich Kranz as chief technology officer, as it pushes to accelerate production of its FF91 luxury electric SUV despite its parent’s financi..

E-Commerce TaoBao Bidding on Debt

E-Commerce TaoBao Bidding on Debt

China’s biggest e-commerce platform TaoBao is used by millions of Chinese consumers to purchase a range of everything from food to electronics and markets more than 1 billion yuan of assets a day. Owned by e-retailing giant Alibaba Group Holdi..

Alibaba Invests $1 Billion in Lazada Group

Alibaba Invests $1 Billion in Lazada Group

Alibaba Group Holding Ltd (NYSE: BABA), a Chinese e-commerce company decided to invest $1 billion in a Southeast Asian online retailer called Lazada which would boost their stake by almost a third to 83 percent. This decision was based on the expand..