|Bid||0.00 x 50000|
|Ask||0.00 x 50000|
|Day's range||146.81 - 147.11|
|52-week range||103.98 - 165.80|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
In this country, as an ever-increasing number of transactions are done by electronic payments, we often talk about the cashless society. What is less widely-appreciated is the extent to which the UK and other western nations are lagging behind China in this respect. In China, the latest data suggests the value of transactions carried out by mobile phone apps is more or less neck-and-neck with the value of transactions carried out with notes and coins, or may even have already overtaken it.
China's online retail giant Alibaba (Berlin: AHLA.BE - news) has unveiled a huge vending machine for cars in partnership with Ford. The "Super Test Drive Centre" in Guangzhou is offering Chinese drivers a three-day test drive to punters who choose their preferred vehicle from more than 100 stored in the vending machine. Cars including the Explorer SUV, Mustang, Edge and Everest are available as Ford pushes its marketing in China to include the unusual offer.
World stock markets have tumbled as investors fret over the prospect of a damaging trade war between the globe's two largest economies. Tech shares - already under pressure over the Facebook (NasdaqGS: FB - news) data scandal - were among the sectors feeling the most pain as Donald Trump proposed action against China over what he sees as intellectual property theft. The EU, including the UK, is among the key US partners to escape imminent trade tariffs on steel and aluminium imports because of continuing negotiations.
World stock markets have tumbled as investors fret over the prospect of a damaging trade war between the globe's two largest economies. Tech shares - already under pressure over the Facebook (NasdaqGS: FB - news) data scandal - have been among the sectors feeling the pain ahead of anticipated action by Donald Trump against China over what he sees as intellectual property theft. While the EU, including the UK, will escape imminent trade tariffs on steel and aluminium imports because of continuing negotiations, China is expected to face their full force when the measures come into force on Friday.
Stocks on major world markets rose for a third day in a row on Tuesday while bond yields slipped ahead of a widely anticipated U.S. inflation report that has investors on edge as it may increase the pace of future U.S. interest rate rises. After tumbling about 12 percent in the past two weeks from record highs, benchmark U.S. stock indexes were helped on Tuesday by gains in Amazon.com (NasdaqGS: AMZN - news) and Apple (NasdaqGS: AAPL - news) , while advances by Asian heavyweights Tencent (HKSE: 0700-OL.HK - news) , Alibaba (Berlin: AHLA.BE - news) and Taiwan Semiconductor supported world markets. Economic growth in the U.S., Europe and Asia has stoked inflation fears in recent weeks, pushing up bond yields and undermining stock prices, so Wednesday's U.S. inflation data may help determine whether the correction in equities markets is over.
U.S. bond yields and world equity markets dipped on Tuesday, ahead of a widely anticipated U.S. inflation report later this week that may provide some indication of the pace of future interest rate hikes by the Federal Reserve. Major stock indexes in the U.S. and Europe inched lower and a gauge of global equity performance fell modestly, with gains in Asian heavyweights Tencent (HKSE: 0700-OL.HK - news) , Samsung, Alibaba (Berlin: AHLA.BE - news) and Taiwan (Taiwan OTC: 6549.TWO - news) Semiconductor offsetting some downward pressure. Economists expect the U.S. consumer price index to have risen month over month by 0.3 percent in January with a core reading of 0.2 percent when the Labor Department report is released on Wednesday, according to a Reuters poll.
Lloyds, RBS (LSE: RBS.L - news) , Barclays (LSE: BARC.L - news) , HSBC, Santander, Danske, Allied Irish Bank, the Bank of Ireland (EUREX: 1269463.EX - news) and the Nationwide Building Society (LSE: NBS.L - news) - must open the information they hold on the transactions history of their customer, should that customer give their permission.
Alibaba, Tencent and AAC Technologies helped Hong Kong-based Oceanwide Asset Management make gains of 43 percent last year in its China equities hedge fund. Selective stock-picking by Oceanwide's team ...
Money transfer firm MoneyGram says its planned sale to a company owned by Alibaba (Berlin: AHLA.BE - news) 's founder Jack Ma has been called off after regulators blocked the deal. China-based Ant Financial Services Group announced a year ago it had agreed to pay $1.2bn for US-listed Moneygram International (Frankfurt: A1JNTV - news) , which operates in more than 200 countries, including the UK. MoneyGram's chief executive Alex Holmes said the companies failed to gain approval from the Committee on Foreign Investment in the United States despite efforts to respond to its concerns.
The decision to drop the MoneyGram buyout deals a blow to Alibaba chief Jack Ma's hopes of moving into the US financial market
Web giants such as Google, Facebook (NasdaqGS: FB - news) and Twitter (Frankfurt: A1W6XZ - news) would be welcome to operate in China if they adhered to Beijing's strict censorship and surveillance laws, regulators have said. Access to China's hundreds of millions of internet users would be a goldmine for the web giants, but it would only be provided if the companies agreed to accept limits on how they operated in the country. Speaking to the Internet Governance Forum at the UN's European headquarters in Geneva, Chinese regulators recognised that people were asking "why Google, why Facebook are not yet working and operating" in China.
LONDON, Dec (Shanghai: 600875.SS - news) 7 (Reuters) - The dollar rose to its highest level in two weeks on Thursday and world shares rebounded amid a broader recovery in global risk sentiment. The U.S. currency earlier slipped against the safe-haven Japanese yen after U.S. President Donald Trump said on Wednesday he would recognize Jerusalem as the capital of Israel - a move that imperiled Middle East peace efforts and provoked widespread condemnation. The MSCI World Index, which tracks shares in 47 countries, was up 0.1 percent.
LONDON, Dec (Shanghai: 600875.SS - news) 7 (Reuters) - The dollar rose to its highest level in two weeks on Thursday over optimism the United States would successfully push through tax reforms, while world shares rebounded after two straight days of losses. The U.S. currency slipped against the safe-haven Japanese yen on Wednesday after U.S. President Donald Trump said he would recognize Jerusalem as the capital of Israel - a move that imperiled Middle East peace efforts and provoked widespread condemnation. The MSCI World Index, which tracks shares in 47 countries, was up 0.1 percent.
LONDON, Dec (Shanghai: 600875.SS - news) 6 (Reuters) - Tremors in tech stocks spread to Europe on Wednesday, with weaker metals prices also tripping up a rally in world stocks which had taken them to record highs. Investors concerned about high valuations took the top off the tech sector, where stocks such as Facebook (NasdaqGS: FB - news) , Alphabet (Xetra: ABEA.DE - news) , Tencent (HKSE: 0700-OL.HK - news) and Alibaba (Berlin: AHLA.BE - news) have reached prices some describe as "eye-watering". Europe's main index of stocks tumbled 0.7 percent, led by chipmakers which have been a crucial driver of growth in the sector and seen stellar share price gains this year.
Smartphones have made it even easier for consumers to borrow cash in China and a number of online platforms have listed publicly in the US this year
"We are prepared to lose money. We can accept the losses now as we hope to promote this sport," Alisports CEO Zhang Dazhong told AFP in an interview at the European final of the second edition ...
CEO Daniel Zhang said Alibaba was "excited" to join new partners "to redefine traditional retail" after announcing it would take a major stake in one of China's top food sellers