Dr. Anthony Fauci invested in the Chinese regime’s corporate “national champions,” large Chinese companies that advance Beijing’s interests and benefit from state policies, in a 2020 investment portfolio, according to recently disclosed financial records. Sen. Roger Marshall (R-Kan.) obtained the records (pdf) and published them on Jan. 14, which showed that Fauci had $10.4 million in investments,…
Fauci Invested in Chinese Companies With Ties to Beijing, According to Financial Disclosures
January 17, 2022
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AlibabaAnthony FauciChinaChinese Communist PartyChinese RegimeFinance & Business TiesPoliticsSpecial Topicstencent holdingsUSUS News
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Fauci Invested in Chinese Companies With Ties to Beijing Through Fund, According to Financial Disclosures
January 17, 2022
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AlibabaAnthony FauciChinaChinese Communist PartyChinese RegimeFinance & Business TiesPoliticsSpecial Topicstencent holdingsUSUS News
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Dr. Anthony Fauci invested in the Chinese regime’s corporate “national champions,” large Chinese companies that advance Beijing’s interests and benefit from state policies, in a 2020 investment portfolio, according to recently disclosed financial records. Sen. Roger Marshall (R-Kan.) obtained the records (pdf) and published them on Jan. 14, which showed that Fauci had $10.4 million in investments,…
China to Mandate Cybersecurity Reviews on Tech Firms Seeking Foreign IPOs
Chinese network platform companies seeking foreign initial public offerings (IPOs) are already seeing new regulatory measures upon entering the new year. The new rules enable the Chinese Communist Party (CCP) to tighten its grip on China’s technology sector, experts say. On Jan. 5, the Anti-Monopoly Bureau of China’s State Administration for Market Regulation imposed fines…
Tencent and Alibaba Fall From Global Top Ten as China Fosters Super State Firms
January 11, 2022
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Alibabaanti-trust probesChinaChina Business & Economychina private firmsChinese RegimeSOEsTencentUncategorized
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On Dec. 30, 2021, the share price of China’s e-commerce giant Alibaba Group Holding Ltd (9988.HK) closed at HK$109.9 (approximately $14.3), down 52.75 percent from the same period in 2020. Similarly, China’s gaming and social media company Tencent Holdings Ltd (0700.HK) suffered a decline of 21.38 percent per share the same day. Both have fallen…
Alibaba’s Sole Bear Analyst Considers Stock a Valuation Trap Amid Mounting Regulatory Risks
December 15, 2021
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AlibabaanalystAsia & PacificBusiness & EconomyChinaChina Business & EconomyCompaniesInternationalInvestmentregulatoryriskstocktrapWorld
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Manuel Muhl, who downgraded Alibaba Group Holding Ltd. to a sell in late July before its 39 percent plunge, said the stock remains a valuation trap, SCMP reports. Alibaba’s intrinsic value appeal is not adequately reflected in the stock price as China’s regulatory risks and U.S. delisting pressures continue to mount. “The fear that the…
Newspaper Says Alibaba Has Fired Employee Who Accused Former Co-Worker of Sexual Assault
BEIJING—Chinese e-commerce giant Alibaba Group Holding has dismissed a female employee who accused a former co-worker of sexual assault earlier this year, Chinese regime-backed newspaper Dahe Daily reported late on Saturday. Dahe Daily interviewed the employee, saying she had received notification of termination at the end of November, and published a copy of what she…
Alibaba, Tencent, and Nio Rivals Xpeng, Li Auto Fall in Hong Kong as Evergrande, Kaisa Default on Payments
Shares of Alibaba Group Holding Limited, Baidu Inc., Tencent Holdings Inc., Xpeng Inc., and Li Auto Inc. fell in Hong Kong on Friday, while JD.Com Inc. traded higher. What’s Moving Chinese e-commerce giant Alibaba’s shares traded 0.9 percent lower at HKD 122.30 ($15.68) in Hong Kong, while peer JD.Com’s shares have risen 0.8 percent to…
Alibaba Appoints New CFO, Reshuffles E-commerce Businesses
December 6, 2021
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AlibabaBusiness & EconomybusinessesCFOChinaChina Business & EconomyCompaniese-commerceeconomic policieseconomyHK BusinessHong KongMaggie WuMarketstechnologyToby Xu
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HONG KONG—China’s largest e-commerce group Alibaba said Monday it is appointing a new chief financial officer and reorganizing its e-commerce businesses amid a regulatory crackdown in the technology industry. The company said in a statement Monday that Toby Xu will succeed Maggie Wu as its new CFO from April 1, 2022. Xu joined Alibaba from…
China Fines Tech Giants for Failing to Report 43 Previous Deals
Chinese tech giants, including Alibaba, Tencent, and Baidu, were fined on Saturday for failing to report 43 previous acquisitions in the latest round of the anti-monopoly crackdown by the ruling Communist Party. The companies failed to report the deals, that date as far back as 2012, according to an announcement from the State Administration for…
Monitor and Restrict American Investment in China: Commission
A commission of security and economic experts convened by Congress set forth a series of recommendations on Wednesday regarding the relationship with China, as bilateral trade returns to pre-trade-war levels and U.S. investments in the communist-controlled nation are on the rise. The annual report (pdf) from the influential U.S.-China Economic and Security Review Commission called…
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