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Alibaba Leads USD1.1 Billion Investment in Indonesian E-Commerce Firm Tokopedia
(Yicai Global) Dec. 12 -- Alibaba Group Holdings has joined SoftBank Vision Fund in leading a USD1.1 billion funding round for Indonesian e-commerce player Tokopedia. The Jakarta-based unicorn will use...
Shanghai Composite Index Closes Up Slightly at About 2,600 points
(Yicai Global) Dec. 12 -- China's A-shares closed slightly higher today amid sluggish trade, while the Shanghai Composite Index hovered around 2,600 points. The Shanghai Composite Index closed up 0.31...
Mobike to Cooperate With Probe Into European Data Violations
(Yicai Global) Dec. 12 -- Mobike Technology will actively cooperate with German regulators handling an investigation into possible violations of European data laws by the Chinese bike-sharing giant, according to...
A-Shares Closed Mixed at Lunch
(Yicai Global) Dec. 12 - China's A-shares took a slight downturn after opening higher this morning amid a rise on the Hong Kong bourse. The main indexes closed mixed at...
A-Shares Open Higher Following Rise in Hong Kong Market
(Yicai Global) Dec. 12 -- China's A-shares opened higher this morning reversing yesterday's downturn amid a rise in the Hong Kong bourse. The Shanghai Composite Index opened at 2,608.11 points,...
Yuan-Dollar Central Parity Rate Falls 68 Points
(Yicai Global) Dec. 12 -- The central parity rate of the yuan against the dollar fell 68 basis points ahead of the interbank market opening this morning. The China Foreign...
Tencent Music to List in New York Today at USD13 Per Share
(Yicai Global) Dec. 12 -  Chinese streaming service Tencent Music Entertainment Group will float on the New York Stock Exchange today under the stock ticker TME with shares priced at...
Canadian court grants bail to Huawei CFO
(Yicai Global) Dec. 12  -- A Canadian judge ruled on Tuesday that Meng Wanzhou, chief financial officer of China's Huawei Technologies Co., Ltd., who was detained by Canadian authorities at...
China's iPhone Ban Doesn't Include Apple Supplier Pegatron, Court Papers Reveal
(Yicai Global) Dec. 11 -- China's ban on some iPhone handset sales following a legal battle between Apple and chipmaker Qualcomm does not apply to products made at contract manufacturer...
A-Shares Close Slightly Higher Despite Shanghai Turnover Hitting Four-Year Low
(Yicai Global) Dec. 11 -- China's stock markets closed up slightly today though turnover on the Shanghai bourse hit its lowest level since July 2014. The Shanghai Composite Index closed...