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☆ Nike's Sue Bird documentary is heading to Netflix and it's another coup for brand-funded films
▼ + stars: | 2024-01-29 | by ( Lucia Moses | ) www.businessinsider.com time to read: +3 min

"Sue Bird: In the Clutch," a documentary on the career and personal life of the WNBA star, wasn't the most buzzed-about film at Sundance. Nike's success could encourage more brands to follow its leadNike has long been a big player in brand-funded films. Many brands dream of getting their films on Netflix, where even relatively small viewership numbers are bigger than they'd get on a rival streamer. Brands often work alongside traditional Hollywood players, which lends credibility to film projects. But the more films like "In the Clutch" get wide distribution, the more other brands could be encouraged to pursue similar storytelling.

Persons: Sue Bird, Werner Herzog, Sarah Dowland, RogerEbert.com, IndieWire, it's, Beckham, Justin Biskin —, Ron Howard, Brian Grazer's, Oscar, Alex Gibney's Jigsaw, Jay Ellis's Organizations: WNBA, Sundance, Entertainment, Business, Netflix, Nike, Iron Entertainment, Apple, HBO, Procter, Gamble, Marriott, Hollywood Locations: Canada, Hollywood

☆ China stock market: Calm returns after wild week but big challenges remain
▼ + stars: | 2024-01-26 | by ( Laura He | ) edition.cnn.com time to read: +6 min

Hong Kong CNN —It’s been a rollercoaster week for stocks trading in mainland China and Hong Kong. “For a sustained rally in China stocks, we think China will need to address the core of these concerns (predominantly property sector issues and US-China tensions),” the analysts added. In the 7 days to January 24, exchange-traded funds (ETFs) tracking Chinese stocks recorded large inflows of $12.6 billion, according to a Citi survey of global fund managers. Still, investors have been fleeing Chinese stocks over a much longer period because they are worried about the country’s economic prospects. The country is facing the prospect of a vicious cycle whereby lower demand leads to lower investment, lower production and lower income, thus causing even lower demand.

Persons: Hong Kong CNN — It’s, Hong, — haven’t, ” Nomura, “, Li Qiang, ”, Li Yunze, Pan Gongsheng, Florence Lo, HSI, Raymond Yeung, ” Yeung Organizations: Hong Kong CNN, Shanghai Shenzhen, ”, Shanghai Financial Exchange, Bloomberg, State, Supervision, Administration Commission, Administration of Financial, Reuters, People’s Bank of China, Citi, Enodo Economics, HSBC, Greater China, ANZ Research Locations: China, Hong Kong, Shanghai, United States, Beijing, Davos, Switzerland, Greater

☆ Fidelity's Cynthia Lo Bessette sees a 'great deal' of retail interest in digital assets
▼ + stars: | 2024-01-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFidelity's Cynthia Lo Bessette sees a 'great deal' of retail interest in digital assetsCynthia Lo Bessette, head of digital asset management at Fidelity, joins 'The Exchange' to discuss spot bitcoin ETF inflows, interest among retail investors, and more.

Persons: Cynthia Lo Bessette Organizations: Fidelity

☆ Some X users are convinced Elon Musk rigged the results of a MrBeast ad experiment where he earned $250,000
▼ + stars: | 2024-01-23 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +7 min

He tested how much ad revenue one video generated, and after three days, he said it earned $250,000. AdvertisementSome X users are convinced that Elon Musk rigged the results of MrBeast's ad revenue experiment to inflate his earnings to $250,000. "I'm curious how much ad revenue a video on X would make so I'm reuploading this to test it. Will share ad rev next week ❤️ pic.twitter.com/amSSmddFht — MrBeast (@MrBeast) January 15, 2024Donaldson, though pleased with the result, said it was "a bit of a facade." Musk seemed to respond to the claims he rigged the results in an X post on January 20.

Persons: MrBeast, Elon, —, Elon Musk, Jimmy Donaldson, X's, Donaldson, ❤️, Musk, Evan, Kat Lo, Jack Appleby, Rebecca Mardon, Mardon, Chris Kubbernus, Kubbco, TikTok, Kubbernus Organizations: Service, YouTube, Apple, Walmart, Twitter, Mashable, Cardiff University

☆ I'm in my 30s, and 2 of my closest friends are in their 80s. Here's what I've learned from our age-gap friendships.
▼ + stars: | 2024-01-21 | by ( Kate Oczypok | ) www.businessinsider.com time to read: +5 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Despite our age-gap, we've become great friends, and our friendship has only deepened in the last nine years. Later, I learned that the usher, whose name was Art, thought I had a warm smile and seemed friendly. Both Jack and Art taught me that no matter how old you may be, you always feel young at heart. That simple act of kindness Art showed me that Saturday evening resulted in eight years at that church before my husband and I moved.

Persons: Jack, I've, —, we've, He'd, Art, you'd, Britney Spears, You'd Organizations: Service Locations: Rockville , Maryland, Washington ,, Florida

☆ My family was chased off our land by a racist mob. More than 80 years later, I own it again.
▼ + stars: | 2024-01-20 | by ( Yoonji Han | ) www.businessinsider.com time to read: +4 min

I didn't know white people until we got to Fort Worth. AdvertisementMy family bought a home in a neighborhood where we weren't wanted, but we didn't know that. LM Otero/APRegaining our landI went to Fort Worth's first Black high school and graduated when I was 16 years old. One day years later, a friend of mine who works at the Star-Telegram, a local newspaper in Fort Worth, mentioned the land my family had bought all those years ago. Opal Lee (bottom second from left) attended President Joe Biden's signing of the Juneteenth National Independence Day Act.

Persons: —, Opal Lee, weren't, Lee, It's, LM Otero, Fort Worth's, Gage Yager, Gage, I'm twerking, Juneteenth, Joe Biden's, Evan Vucci Organizations: Service, Business, AP, Fort, Wiley College, Star, Humanity Locations: Marshall , Texas, Fort Worth, Marshall

☆ Migration of Alaska’s earliest people linked to woolly mammoth’s movements
▼ + stars: | 2024-01-18 | by ( Jenna Schnuer | ) edition.cnn.com time to read: +6 min

The tusk belonged to a woolly mammoth later named Élmayųujey’eh or, for short, Elma. Karen Spaleta, one of the new study's coauthors, takes a sample from a mammoth tusk found at Alaska's Swan Point archaeological site. Woolly mammoth tusks grew at a consistent daily rate, with the earliest days of the animal’s life recorded in the tip of the tusks. “The US Geological Survey has done a pretty darn good job mapping rocks in Alaska,” Rowe said. Changing the picture of hunter-gatherersThe new evidence advances more than an understanding of the early relationship between woolly mammoths and humans.

Persons: Audrey Rowe, Matthew Wooller, Wooller, Karen Spaleta, Rowe, ” Rowe, “, ” Wooller, ”, Love Dalén, Dalén, ” Dalén, Julius Csotonyi, Hunter, Jenna Schnuer Organizations: CNN, University of Alaska, university’s College of Fisheries, Ocean Sciences, Geological Survey, Palaeogenetics Locations: Alaska, Canada, United States, Elma, University of Alaska Fairbanks, Swan, Stockholm, Sweden, Anchorage , Alaska

☆ No one can figure out what is going on in the trailer for Jennifer Lopez's new Amazon movie
▼ + stars: | 2024-01-18 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +4 min

Jennifer Lopez dropped the trailer for her new movie "This Is Me...Now: A Love Story" on Wednesday. Here's what we know about Lopez's "musical, cinematic experience." AdvertisementThe trailer for Jennifer Lopez's upcoming Amazon Prime Video movie — or at least, we think it's a movie — has baffled the internet. — Pearl Boshomane (@Pearloysias) January 18, 2024Me after watching Jennifer Lopez’s new movie trailer pic.twitter.com/Xe1RUoINWy — Cote (@notcodyitscote) January 17, 2024The main source of the confusion is that the film appears to span multiple genres. This doesn’t just look like a visual album it looks like a fully fledged movie musical?!

Persons: Jennifer Lopez, —, Jennifer Lopez's, Lopez, Ben Affleck, I'm, I’m, 6qUxFe4Aex —, Pearl, Jennifer Lopez’s, — Cote, Marc Anthony, Cris Judd, Ojani Noa, Lope, Lope z, Lope z 's "hea Organizations: Service, Prime, Twitter, isu Locations: PAU

☆ Chevy Blazer Troubles Add to GM’s EV Growing Pains
▼ + stars: | 2024-01-14 | by ( Mike Colias | ) www.wsj.com time to read: 1 min

The Chevrolet Blazer’s turbulent rollout is the latest setback as GM seeks to establish itself as an EV player. Photo: jim lo scalzo/ShutterstockAs one of the nation’s first owners of General Motors ’ new electric Chevrolet Blazer, James Hattin was loving the SUV—before the problems began. On a trip from the mountains back to his home in Burbank, Calif., he and his wife heard weird clicking noises coming from the dashboard. A short time later, the cruise control went out. A few days after that, in his driveway, the car’s screens went blank and the car wouldn’t start.

Persons: jim lo, James Hattin Organizations: General Motors, Chevrolet Locations: Burbank , Calif

☆ Watch: Powerful Winter Storm Hits Large Parts of the U.S.
▼ + stars: | 2024-01-13 | by ( Wall Street Journal | ) www.wsj.com time to read: 1 min

Watch: Powerful Winter Storm Hits Large Parts of the U.S.A major winter storm battered large parts of the U.S. on Friday. Republican presidential candidates were forced to cancel some campaign events in Iowa due to the bad weather. Photo: Jim Lo Scalzo/Shutterstock

Persons: Jim Lo Scalzo Organizations: U.S, Republican Locations: U.S ., Iowa

☆ Taylor Swift and Halle Bailey deserve their privacy just like you do
▼ + stars: | 2024-01-13 | by ( Lisa Respers France | ) edition.cnn.com time to read: +4 min

But entertainers, even ones who often write or sing or share about their personal lives, still deserve some privacy. Something to sip on…Taylor Swift and Halle Bailey. Getty ImagesTwo celebrities recently stood as examples of this baseless belief that stars apparently aren’t allowed to have private lives. There was quite the uproar after the New York Times published an opinion piece which speculated about whether Taylor Swift may be closeted as a queer person. Lopez recently said the debut day was “22 years in the making.”It’s out now.

Persons: … Taylor Swift, Halle Bailey, Taylor Swift, Swift, Taylor, Shawn Mendes, ”, Bailey hasn’t, … Lindsay Lohan, John Lamparski, Lindsay Lohan, Cady, Tina Fey, Lohan, Jennifer Lopez, Michael Tran, let’s, Lopez, ” It’s, … Leonardo DiCaprio, Melinda Sue Gordon, Martin Scorsese’s, Leonardo DiCaprio, Lily Gladstone, Robert De Niro Organizations: CNN, Getty, New York Times, Golden Globe, Apple, Globes Locations: New York City, AFP

☆ I traveled to over 7 countries in 2023. Here are 4 of the most affordable cities I visited.
▼ + stars: | 2023-12-04 | by ( Dominique Mills | ) www.businessinsider.com time to read: +5 min

I traveled to over seven countries in 2023, and some places stood out for being budget-friendly. Porto, Portugal, and Chiang Mai, Thailand, offered affordable accommodations and fun activities. Here are the four most affordable places I visited in 2023. Chiang Mai, Thailand, was culture-rich and inexpensiveChiang Mai, Thailand, was inexpensive but beautiful. Dominique MillsNestled in the lush greenery of Northern Thailand, Chiang Mai is one of my favorite cities to visit.

Persons: Chiang, —, Dominique Mills, Chiang Mai, Koh Samui, Dominique Mills I've Organizations: Service, UNESCO, US Department of State Locations: Porto, Portugal, Chiang Mai, Thailand, Hanoi, Vietnam, Douro, Northern Thailand, Bangkok, Old City, Soi, Prabang, Laos, Luang Prabang, Asia, Vientiane, Indochina

The U.S. Court of Appeals for the Federal Circuit reversed the jury's 2021 verdict that Intel infringed one VLSI patent, and sent the case back to Texas for a new trial to determine how much Intel owes for infringing a second VLSI patent. A Waco, Texas jury awarded VLSI $2.18 billion in the first trial from the dispute. The jury found that technology in Intel microprocessors infringed patents that VLSI had acquired from Dutch chipmaker NXP Semiconductors (NXPI.O). Intel defeated VLSI's bid for more than $3 billion in damages in another Waco jury trial later in 2021. A separate jury in Austin, Texas said that VLSI was entitled to nearly $949 million from Intel in a third patent case last year.

Persons: Florence, VLSI's, Blake Brittain, David Bario, Chizu Nomiyama, Sharon Singleton Organizations: Intel, China International, Chain, REUTERS, Monday, Technology, Intel Corp, U.S, Appeals, Federal Circuit, Fortress Investment, Thomson Locations: Beijing, China, Texas, Waco , Texas, Waco, Austin , Texas, Delaware, Northern California, Washington

LOS ANGELES (AP) — Ten of the best songs of the year, as determined by Associated Press Music Writer Maria Sherman, in no particular order. “Monaco,” Bad BunnyBad Bunny’s 2023 album, “Nadie Sabe Lo Que Va a Pasar Mañana,” is a reclamation of his past sound, the hard-hitting rap that preceded his mainstream superstardom. And it is part of the reason why his 2023 single and first No. “OMG,” NewJeansIn 2023, girl groups dominated the K-pop conversation. At the fore is NewJeans, with their Y2K-nostalgic sound that pulls from the turn of the millennium's R&B and pop music.

Persons: Maria Sherman, Victoria Monét Buckle, Victoria Monét, Ariana Grande, Chloe x Halle, Monét’s, doesn’t, “, ”, ” Miley Cyrus, Miley Cyrus ’, ” PinkPantheress, PinkPantheress, Leo ”, What’s, ” Zach Bryan, Zach Bryan, ” Paramore Long, Paramore, Hayley Williams, “ Rush, ” Troye Sivan, Sivan, Laura Les, Dylan Brady, NewJeans, ” Danny Brown Danny Organizations: ANGELES, Associated Press, Fifth Harmony, Bronx Locations: “, “ Monaco, Monaco, The Tennessee, Australian

House Speaker Mike Johnson could set a vote on formalizing impeachment proceedings against President Biden in the coming week. Photo: Jim Lo Scalzo/ShutterstockWASHINGTON—House Republican leaders are moving toward a vote on formalizing an impeachment probe into President Biden, aiming to bolster an investigation that some in the party are still wary of pushing forward too quickly. House Speaker Mike Johnson (R., La.) and committee chairmen made a case to rank-and-file lawmakers on Friday, with a vote possible as soon as this week. House Republicans have already spent months trying to tie Biden to his family members’ overseas business dealings and gather support for their claims—which he denies—that he benefited from them.

Persons: Mike Johnson, Biden, Jim Lo Scalzo, — Organizations: WASHINGTON — House Republican, House Republicans

☆ Executives go missing in China—this time linked to troubled shadow bank Zhongzhi
▼ + stars: | 2023-12-01 | by ( Laura He | ) edition.cnn.com time to read: +4 min

Hong Kong CNN —Two Chinese business executives at companies controlled by the embattled financial conglomerate Zhongzhi have gone missing, according to statements by their respective firms. The development comes just days after Chinese authorities launched a criminal investigation into the troubled shadow bank, one of China’s largest. Both companies are controlled by Zhongzhi’s investment units, and the missing executives have been connected with the conglomerate for years. The office building of Zhongrong International Trust, a trust company partially owned by Zhongzhi Enterprise Group, in Beijing. Zhongzhi’s trust banking unit has invested about a tenth of its money in real estate.

Persons: Zhongzhi, Ma Hongying, Ma Changshui, Florence Lo, Xie Zhikun, —, ”, Xie, Xi Jinping Organizations: Hong Kong CNN, Gym Education Technology, Shenzhen Stock Exchange, International Trust, Zhongzhi Enterprise Group, Beijing, Business Locations: Hong Kong, Dalian, Xinjiang, Beijing, China’s, China

☆ China Evergrande creditors seek controlling stakes in new proposal
▼ + stars: | 2023-12-01 | by ( ) www.reuters.com time to read: +1 min

An Evergrande sign is seen near residential buildings at an Evergrande residential complex in Beijing, China September 27, 2023. REUTERS/Florence Lo/File Photo Acquire Licensing RightsDec 1 (Reuters) - A group of offshore creditors to China Evergrande Group (3333.HK) is asking for a controlling equity stake of the developer and two of its Hong Kong subsidiaries as part of company's revised debt restructuring proposal, a source familiar with the matter said on Friday. The group, which works as an ad hoc group of Evergrande's offshore creditors, made the request after the developer earlier this week made a new offer to repay their offshore debts, the source said. Evergrande has until a Hong Kong court hearing on Monday to present a "concrete" revised debt restructuring proposal for offshore creditors, a judge said last month after its original plan had lapsed. Reporting by Xie Yu in Hong Kong, Gnaneshwar Rajan in Bengaluru; Editing by Stephen CoatesOur Standards: The Thomson Reuters Trust Principles.

Persons: Florence, Evergrande, Xie Yu, Gnaneshwar, Stephen Coates Organizations: REUTERS, China Evergrande, Hong Kong, Bloomberg News, Reuters, Thomson Locations: Beijing, China, HK, Hong, Hong Kong, Gnaneshwar Rajan, Bengaluru

☆ Louis Vuitton stages dramatic runway show in Hong Kong
▼ + stars: | 2023-11-30 | by ( Stephy Chung | Oscar Holland | ) edition.cnn.com time to read: +8 min

Many of the looks were completed with naval accessories, like raffia bucket hats and Louis Vuitton Keepall 25 bag hand-embrodiered with seashells. Musician Ma Siwei and actor Dylan Wang at the Louis Vuitton Men's fashion show in Hong Kong, China. Louis Vuitton opened its first boutique in Hong Kong in 1979. Many of the looks were completed with naval accessories, like raffia bucket hats and Louis Vuitton Keepall 25 bag hand-embrodiered with seashells. “I definitely knew I wanted Hong Kong to be my second stop after Paris,” he said of his Louis Vuitton show schedule.

Persons: Hong Kong CNN — Louis Vuitton’s, Pharrell Williams, Pont, Hong, Anson Lo, Song, ”, Williams, ” —, —, Louis Vuitton, Ma Siwei, Dylan Wang, Billy H.C, Kwok, Virgil Abloh, Louise Delmotte, “, Louis Vuitton’s, junkboat, Dior, Louis Vuitton's, Lam Yik, Tyrone Siu, Reuters Louis Vuitton’s, Lorraine Schwartz, it’s, ” Williams, “ You’re Organizations: Hong Kong CNN, Hollywood, CNN, Louis, Paris, Vuitton, National Security Law, Hong Kong Tourism Board, ”, Bloomberg, Getty, K11 Group, Stars, Victoria, Reuters, Reuters Louis Vuitton’s womenswear Locations: Hong Kong, Asia, Hong, Victoria Harbour, American, Paris, Hawaii, China, Victoria Dockside, Huangpu, Shanghai, South Korea

☆ 7 signs you're a highly sensitive person — even if you're a chatty extrovert
▼ + stars: | 2023-11-29 | by ( Julia Pugachevsky | ) www.businessinsider.com time to read: +7 min

Lyew identifies as a highly sensitive person or HSP, a term popularized by psychology researcher Elaine Aron. AdvertisementImi Lo , a mental health consultant who works with highly sensitive clients, said that more awareness of HSPs is important. You may have some sensory sensitivitiesHSPs "can be quite physically sensitive," Lo said, whether they're bothered by uncomfortable clothing, strong smells, or loud noises. Being put on the spot can also cause a highly sensitive person's mind to go blank. "If you know that you are highly sensitive, then you can actually do things to manage your sensitivity, and even use it as a strength," she said.

Persons: —, Sylina Lyew, Elaine Aron, Lyew, you've, Lo, they're, HSPs, Aron Organizations: Service

☆ Stream These 16 Movies Before They Leave Netflix in December
▼ + stars: | 2023-11-29 | by ( Jason Bailey | ) www.nytimes.com time to read: +5 min

‘Gladiator’ (Dec. 31)Stream it here. ‘Kung Fu Panda’ (Dec. 31)Stream it here. ‘Mission: Impossible’ 1- 4 (Dec. 31)Stream them here, here, here and here. ‘Role Models’ (Dec. 31)Stream it here. The raw edge yet soft heart of this wildly funny bad-boy comedy from 2008, and the presence of the frequent leading man Paul Rudd, might lead you to assume it’s the work of Judd Apatow.

Persons: ’, Russell Crowe, Ridley Scott’s, Crowe, Maximus, Commodus, Joaquin Phoenix, Scott, Napoleon, ”, Steven Spielberg, Roy Scheider’s, Brody, Kung, Jack Black, Jackie Chan, David Cross, Dustin Hoffman, James Hong, Angelina Jolie, Randall Duk Kim, Lucy Liu, Ian McShane, Seth Rogen, Christopher McQuarrie, Tom Cruise, John Woo, Brian De Palma’s, Brad Bird, Paul Rudd, Judd Apatow, David Wain, Kerri Kenney, Silver, Joe Lo Truglio, Ken Marino, Rudd, Seann William Scott, J, Thompson, Christopher Mintz Organizations: Netflix Locations: Italy, Phoenix

☆ Japan business lobby to discuss negative impact of weak yen -Yomiuri
▼ + stars: | 2023-11-28 | by ( ) www.reuters.com time to read: +1 min

FILE PHOTO:Coins and banknotes of Japanese yen are seen in this illustration picture taken June 16, 2022. REUTERS/Florence Lo/Illustration/ File Photo Acquire Licensing RightsTOKYO, Nov 28 (Reuters) - Japan's top business lobby Keidanren will discuss at next month's executive meeting the potential negative impact of the yen's weakness on the economy, the Yomiuri newspaper reported on Tuesday. Keidanren, which is comprised of major companies including big automakers and electronics firms, traditionally favoured a weak yen and have called on the government to stave off sharp yen rises that make Japan's exports less competitive overseas. Any discussion on the demerits of a weak yen by Keidanren would highlight a shift in how Japan's business sector views the currency's movement and its impact on the economy. The shift in Keidanren's stance could heighten calls by the business sector for the Bank of Japan to end ultra-low interest rates that have been blamed for accelerating the yen's decline, the newspaper said.

Persons: Florence Lo, Keidanren, Leika Kihara, Christopher Cushing Organizations: REUTERS, Rights, Yomiuri, Bank of Japan, Reuters, Thomson

☆ Anna Indiana is the world's first all-AI singer-songwriter. She's deeply mediocre.
▼ + stars: | 2023-11-28 | by ( Kieran Press-Reynolds | ) www.businessinsider.com time to read: +5 min

The new completely AI-generated musician Anna Indiana was met with fierce backlash online. She's Anna Indiana, the first musician whose entire existence — from the image and singing to the music's chord progression, key, tempo, and lyrics — is claimed to have been generated by artificial intelligence, without human involvement. I’m Anna Indiana and I’m an AI singer-songwriter. Everything from the key, tempo, chord progression, melody notes, rhythm, lyrics, and my image and singing, is auto-generated using AI. Indiana's music is middling, but it's not egregiously unlistenable.

Persons: Anna Indiana, —, Indiana, Here’s, ines, ong, lew, egan, ike, ould, witter Organizations: Service Locations: uman

[1/6] Chinese Premier Li Qiang speaks at the opening ceremony of the first China International Supply Chain Expo (CISCE) in Beijing, China November 28, 2023. "We are willing to build closer production and industrial supply chain partnerships with all countries," Li told the first China International Supply Chain Expo (CISCE), adding that the international community needs to be "more wary of the challenges and risks brought about by protectionism and uncontrolled globalisation." The expo, organised by the state-run China Council for the Promotion of International Trade (CCPIT), is Beijing's latest bid to increase foreign investment in China, which has dropped to historic lows. Despite this decrease, China remains an attractive option: a survey conducted by HSBC bank at the China International Import Expo (CIIE) earlier this month showed 45% of firms expect to expand their supply chain in China over the next year. Zhang Shaogang, a CCPIT official who was part of the Chinese delegation at the APEC summit, said last week that 20% of the foreign firms exhibiting at the supply chain expo were U.S.-based, and included Amazon (AMZN.O), Apple (AAPL.O), Tesla (TSLA.O), and Intel (INTC.O).

Persons: Li Qiang, Florence Lo, Premier Li Qiang, Li, Dan Marks, Xi Jinping, Joe Biden, Zhang Shaogang, Zhang, Eduardo Baptista, Joe Cash, Jamie Freed, Miral Organizations: China International, Chain, REUTERS, Premier, European Union, China Council, Promotion of International Trade, HSBC, China, Royal United Services, Economic Cooperation, APEC, Apple, Intel, Thomson Locations: Beijing, China, EU, BEIJING, United States, Ukraine, Taiwan, India, Mexico, Vietnam, U.S, Asia

The logo of Indian food delivery company Zomato is seen on its app on a mobile phone displayed in front of its company website in this illustration picture taken July 14, 2021. REUTERS/Florence Lo/Illustration/File Photo Acquire Licensing RightsMUMBAI, Nov 28 (Reuters) - Chinese payments group Alipay plans to sell its 3.4% stake in Indian food delivery giant Zomato (ZOMT.NS) for nearly $400 million through block deals on Indian stock exchanges, according to three sources and a Reuters review of the deal's term sheet. Alipay, owned by Ant Group, will offload its entire 3.44% stake in the deal, the term sheet seen by Reuters showed. In October, Japan's SoftBank (9984.T) sold a 1.1% stake in Zomato, which is India's biggest food delivery service. In August, China's Antfin sold a 10.3% stake in Indian financial giant Paytm (PAYT.NS).

Persons: Florence Lo, Morgan Stanley, Alipay, Japan's SoftBank, China's Antfin, Sriram, Aditya Kalra, Susan Fenton Organizations: REUTERS, Rights, Ant Group, Reuters, Bank of America, Tech, Thomson Locations: Rights MUMBAI, Zomato

☆ China says against supply chain decoupling, wants closer ties with all
▼ + stars: | 2023-11-28 | by ( ) www.reuters.com time to read: +2 min

[1/6] Chinese Premier Li Qiang speaks at the opening ceremony of the first China International Supply Chain Expo (CISCE) in Beijing, China November 28, 2023. REUTERS/Florence Lo Acquire Licensing RightsBEIJING, Nov 28 (Reuters) - China opposes the cutting of supply chains and is willing to build closer ties with all, Premier Li Qiang said on Tuesday, as a growing number of countries voice concerns at the dependence of their supply chains on China. Speaking at China's first ever China International Supply Chain Expo (CISCE), Li said that China will continue to create an international and rule of law-based business environment. The expo, organised by the state-run China Council for the Promotion of International Trade, is Beijing's latest bid to increase foreign investment in China, which has dropped to historic lows. Reporting by Eduardo Baptista and Joe Cash; Editing by Jamie Freed and Miral FahmyOur Standards: The Thomson Reuters Trust Principles.

Persons: Li Qiang, Florence Lo, Li, Eduardo Baptista, Joe Cash, Jamie Freed, Miral Organizations: China International, Chain, REUTERS, Rights, China, China Council, Promotion of International Trade, European Union, Thomson Locations: Beijing, China, Rights BEIJING, United States, Ukraine, Taiwan, India, Mexico, Vietnam

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