Following Ma's criticism of China's regulatory system last year, Beijing came down heavily on the company, leading to the shelving of financial affiliate Ant Group's $37 billion initial public offering and an enforced restructuring of Ant. Ma, China's best-known entrepreneur, has been largely out of public view since.
The bullish hits that growth stocks have taken over the past few months have rattled some investors. Two stocks that you'll want to consider are Scotts Miracle-Gro (NYSE: SMG) and Alibaba (NYSE: BABA). Investing in the cannabis industry can be a risky proposition: Many companies aren't profitable, the industry isn't federally legal in the U.S., and many investors have lost lots of money on some bad pot stocks.
(Bloomberg) -- Cheng Wei, the co-founder of Chinese ride-hailing giant Didi, is poised to shoot up the ranks of the super-wealthy when his firm lists shares in the U.S.The company filed last week for an initial public offering under the business name Xiaoju Kuaizhi Inc., revealing that the Chinese entrepreneur has a 7% stake. With Didi reportedly trading at a valuation of about $95 billion in the secondary market in recent months, that shareholding could be worth as much as $6.7 billion, accordi