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(Both men already hold sizable amounts of Alibaba stock.) Alibaba itself bought back $9.5 billion worth of stock last year, reducing its share count by over 3 percent. The stock purchases will probably bring attention back to Ma, a former English teacher who helped start Alibaba as an e-commerce platform. Ma, who hasn’t held a management role at Alibaba or Ant in years but remains a lifetime partner in the Alibaba Partnership, now largely focuses on Bill Gates-style philanthropy. And she’s expected to take swipes at Trump’s economic record as president.

Persons: Tsai, Ma, Alibaba, Ant, hasn’t, Bill Gates, Nikki Haley, Donald Trump, Eric Rosengren, Robert Kaplan, Kaplan, Rosengren, Archer, Daniels, Vikram Luthar, Scott Stuber, Spike Lee, Martin Scorsese, Jane Campion, Stuber, Ted Sarandos, Netflix’s, Bela Bajaria, Biden’s, Janet Yellen, Lael Brainard, they’re, Biden, ” Ray Fair Organizations: Pool Management, Alibaba, Brooklyn Nets, New York Liberty, Nets, Boston Fed, Dallas Fed, Republican, Biden, Yale, Times Locations: U.S, Hong Kong, China, Ma, Beijing, ’, Paris, New Hampshire, Dixville

☆ Alibaba co-founders buy more than $200 million worth of shares, sending stock up
▼ + stars: | 2024-01-23 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Alibaba co-founders Jack Ma and chairman Joe Tsai, in front of the New York Stock Exchange (NYSE) in New York, U.S., on Friday, Sept. 19, 2014. An entity linked to Tsai's family office, Blue Pool, acquired nearly 2 million Alibaba depository shares worth $152 million in the fourth quarter, according to a Tuesday regulatory filing. Separately, sources familiar with the matter told the Times that Ma acquired $50 million worth of Alibaba's Hong Kong stock during the same period. Around the same time the spinoff was canceled, Ma in a regulatory filing said that he would sell 10 million shares worth $870 million. Alibaba shares are down roughly 21% since the cancelled spin-off.

Persons: Alibaba, Jack Ma, Joe Tsai, Ma, Tsai Organizations: New York Stock Exchange, New York Times, Times, Depository, Brooklyn Nets, Ant, CNBC Locations: New York, U.S, Hong Kong

☆ Japan’s ‘Moon Sniper’ lands but its fate is unclear due to power issue
▼ + stars: | 2024-01-20 | by ( Ashley Strickland | ) edition.cnn.com time to read: +6 min

Rovers, science experiments, golf balls and other telltale signs of human exploration still sit on the lunar surface, and it’s only just beginning as more space agencies and countries plan trips to the moon. An artist's illustration depicts the SLIM lander's descent toward the lunar surface. JAXAJapan’s “Moon Sniper” robotic explorer successfully landed on the lunar surface Friday but almost immediately encountered a critical issue. The Japan Aerospace Exploration Agency team said it believes the solar power issue is a result of the spacecraft facing the wrong direction. If the Moon Sniper can soak up some sunlight, the mission may continue.

Persons: Smart Lander, Emmanuel Rondeau, ”, Eager, Nick Famoso, Irene Stachon, Trent Ford, Lockheed Martin, Ashley Strickland, Katie Hunt Organizations: CNN, ”, telltale, JAXA, Japan Aerospace Exploration Agency, North America, University of Alaska, WWF, Force, NASA, Lockheed, CNN Space, Science Locations: Soviet, North, University of Alaska Fairbanks, Elma, Malayan, Malaysia, Oregon, Mitchell , Oregon, Scandinavia, Finland, Äkäslompolo, United States, Chicago, Illinois

☆ Malaysia’s last tigers: Why this rare image is giving conservationists hope
▼ + stars: | 2024-01-17 | by ( Rebecca Cairns | ) edition.cnn.com time to read: +9 min

“This image is the last image of the Malayan tiger — or it’s the first image of the return of the Malayan tiger,” he says. ‘A million-dollar shot’Regular camera traps — like the hundreds already used by the park’s scientists, researchers and conservationists — are typically the size of a large smartphone and activated by broad-range motion sensors. Rondeau's high-resolution camera traps included a DSLR camera in a waterproof casing. Emmanuel Rondeau, wildlife photographerBut there’s still more work to be done. As a keystone species, tigers are essential to a healthy ecosystem – and without them, the 130-million-year-old rainforests around the Belum-Temengor complex could be threatened, too.

Persons: CNN — Emmanuel Rondeau, “, ”, Rondeau, ” Rondeau, ‘, —, I’m, ” Rondeau didn’t, ‘ I’m, Carol Debra, Azlan Mohamed, Mohamed, Debra, Emmanuel Rondeau, Stuart Chapman, Chapman, ” Stuart Chapman, Merapi Mat Razi, there’s Organizations: CNN, WWF, Peninsular Malaysia, Malayan, Malaysia, Malaysia WWF, Malaysia —, country’s, “ Tigers, US, Malayan Tiger Conservation, Tiger, WWF’s Tigers, Initiative, Tigers, WWF – Malaysia, Royal, United Nations, Conservation Task Force, Bureau Locations: Asia, Siberia, Bhutan, Malaysia, Peninsular, Southeast Asia, Belum, Asli, “, Royal Belum, Laos, Cambodia, Vietnam, Park

☆ SailGP: $5 million boats and courses across the world. Welcome to the ‘fastest race on water’
▼ + stars: | 2024-01-17 | by ( Eoin Mcsweeney | ) edition.cnn.com time to read: +9 min

When you think of race weekends in Abu Dhabi, Formula One comes to mind. The Mubadala Abu Dhabi Sail Grand Prix is new to the global 13-race calendar. “So, our racing’s a short format packaged into a 90-minute broadcast window.”SailGP CEO Russell Coutts discusses the Mubadala Abu Dhabi Sail Grand Prix presented by Abu Dhabi Sports Council. “We have almost 1,200 kids sitting in Abu Dhabi Sports Club for a whole week being excited about this,” said Al Shimarri. The sailors were tested by challenging light winds in Abu Dhabi, where Van der Velden and Spain finished runners-up behind the dominant New Zealand team.

Persons: Abu, it’s, “, Russell Coutts, CNN’s Becky Anderson, Coutts, He’s, ” Coutts, ”, ” It’s, It’s, ” SailGP, Nicole van der, Van der, CNN's Becky Anderson, CNN Abu, ” Homaid Al Shimmari, Al Shimarri, Mubadala, SailGP, Van der Velden, Taylor Canfield Organizations: CNN, Kiwis, Formula, United, Abu Dhabi Sail, Abu Dhabi Sports Council, New Zealand, Abu, Impact League, Abu Dhabi Sports Club, NYU, Spain, Australia Locations: Zayed Port, Persian, Abu Dhabi, United Arab Emirates, – SailGP, San Francisco, Sydney, United States, Spain, New York, inclusivity

☆ Deadly fire ants are forming rafts to cross Australian flood waters
▼ + stars: | 2024-01-17 | by ( Hafsa Khalil | ) edition.cnn.com time to read: +3 min

CNN —Red fire ants are forming rafts to travel on flood waters in the northeastern Australian state of Queensland, with the extreme weather threatening a countrywide spread of the highly invasive species. Two rafts of fire ants are seen floating on water in this screengrab taken from video released by Australia's Invasive Species Council in January 2024. Invasive Species CouncilQueensland has seen brutal weather and heavy flooding in recent weeks. Modeling by the ISC suggests fire ants will spread to “every corner of Australia” if the outbreak in Queensland isn’t curbed. Red ants can spread quickly on their own, but an infestation is typically accelerated by human activity, such as in cargo containers or shipments of potted plants or soil.

Persons: ” Reece Pianta, ” Pianta, ‘, ”, Pianta, Murray, Tara Moriarty, “ Organizations: CNN, Species Council, ISC, Council, invicta, Agriculture Locations: Australian, Queensland, Species Council Queensland, Cairns, Cyclone Jasper, Australia, Victoria, South America, United States, Mexico, Caribbean, China, Europe, Brisbane, New South Wales, NSW, Darling

☆ 29 million-year-old grasshopper nest found intact with eggs, study says
▼ + stars: | 2024-01-16 | by ( Mindy Weisberger | ) edition.cnn.com time to read: +8 min

The eggs and overall nest construction closely resemble the eggs and pods of modern grasshopper species. Insect eggs are extremely rare in the fossil record, and intact egg cases are even rarer. This wasn’t just a cluster of eggs — it was a type of subterranean egg pod called an ootheca, with the eggs cradled by a protective layer that had mineralized into a stony rind. So Lee consulted a global insect egg database, containing more than 6,700 living species, to identify the eggs in the fossil pod. The virtually pristine specimen also speaks to the level of preservation in the national park site’s fossil beds, Famoso added.

Persons: ”, Jaemin Lee, Nick Famoso, Famoso, Ricardo Pérez, la Fuente, Christopher Schierup, Schierup, “, Lee, Angela Lin, ” Famoso, ” Lee, ” Mindy Weisberger Organizations: CNN, Parks Stewardship, University of California, National Parks Service, University of Oxford’s, University of Oregon’s, Imaging, Scientific Locations: Oregon, Berkeley, Mitchell , Oregon, United Kingdom, Eugene

Signage for Alibaba Group Holding Ltd. covers the front facade of the New York Stock Exchange November 11, 2015. Cloud competition from HuaweiAlibaba has been an industry leader in the cloud business. Alibaba in November blamed U.S. restrictions on chip sales to China for the decision to pull the cloud IPO. Alibaba said its cloud business revenue grew by just 2% year on year in the quarter ended Sept. 30. Those resellers were other companies that had acted as distributors or agents for Alibaba cloud and received commissions.

Persons: Brendan McDermid, It's, Alibaba, hasn't, they're, Duncan Clark, Clark, ”, Jack Ma, Brian Wong, Eddie Wu, Trudy Dai, Daniel Zhang, Yi Zhang, —, Alibaba's, Canalys, BDA's Clark Organizations: Alibaba Group Holding, New York Stock, Reuters, BDA, Alibaba Group, Alibaba, Duncan Clark BDA, Huawei Alibaba, Huawei, Tencent, “ Global Locations: Reuters BEIJING, U.S, China, Beijing, Alibaba

☆ The Best Movies of 2023: ‘Oppenheimer,’ ‘Elemental’ and Originality’s Overdue Success
▼ + stars: | 2023-12-05 | by ( Kyle Smith | ) www.wsj.com time to read: +1 min

Illustration: Sean McCabeHas the pandemic changed American taste? The case for yes, at the movies anyway, might cite the top box-office performer this year: “Barbie,” which wasn’t a remake or a sequel or an adaptation of a comic book. The last time that happened was 2014, when “American Sniper” came out. As the movie industry returned to normal for the first time this decade, the audience kept suggesting it wanted a new normal. Who would have guessed that “Oppenheimer” would earn more than the year’s first three DC comics movies combined?

Persons: Sean McCabe, “ Barbie, ”, “ Oppenheimer ”, Indiana Jones, Creed III, — Organizations: Marvel, DC Locations: Hollywood

☆ Jonathan Majors' ex-girlfriend and domestic assault accuser broke down at his trial as she described how he'd rage against her
▼ + stars: | 2023-12-05 | by ( Natalie Musumeci | Janon Fisher | ) www.businessinsider.com time to read: +4 min

Jonathan Majors' ex-girlfriend and domestic assault accuser took the witness stand in his trial Tuesday. But then things took a turn for the worse, Jabbari told the jury. She told the jury that a passing reference to her ex-boyfriend's dog at the time sent Majors into a rage. Through tears, Jabbari said Majors told her, "I shouldn't be there, and how dare I go. Jabbari told the jury that Majors hurled household objects in a bedroom amid the blowup.

Persons: Jonathan Majors, Grace Jabbari, Jabbari, —, Majors, Kelli Galloway Organizations: Service, Marvel, Majors, Glastonbury Festival, Manhattan Locations: Manhattan, Los Angeles

☆ The Best Films of 2023: ‘Oppenheimer,’ ‘Elemental’ and Originality’s Overdue Success
▼ + stars: | 2023-12-04 | by ( Kyle Smith | ) www.wsj.com time to read: +1 min

Persons: Sean McCabe, “ Barbie, ”, “ Oppenheimer ”, Indiana Jones, Creed III, — Organizations: Marvel, DC Locations: Hollywood

NEW YORK (AP) — Opening arguments began Monday in the criminal trial of actor Jonathan Majors, who was charged last spring for allegedly assaulting his then-girlfriend during an argument. Majors did not speak as he strode into a Manhattan courthouse seeking to clear his name following an arrest in March that has effectively stalled his fast-rising career. Political Cartoons View All 1277 ImagesAttorneys for Majors have maintained that Jabbari was the aggressor in the confrontation. They have suggested that prosecutors in the Manhattan District Attorney’s Office are targeting Majors because he is Black. The arrest came weeks after the release of “Creed III,” a break-out role for Majors.

Persons: Jonathan Majors, Majors, strode, Grace Jabbari, Jabbari, ”, Creed III Organizations: Prosecutors, Majors, Attorney’s, Marvel Locations: Manhattan, British

☆ Marvel's Jonathan Majors told the ex he's accused of abusing she needed to act like Michelle Obama and sacrifice for him, prosecutor says
▼ + stars: | 2023-12-04 | by ( Janon Fisher | ) www.businessinsider.com time to read: +8 min

Prosecutors painted Majors as a controlling partner, who once threatened suicide to manipulate. Defense said Jabbari threatened suicide, and the allegations were the result of being scorned. "He even threatened suicide to control her." In June of 2022, she went to a music festival in the UK with a friend where cellphone service was spotty, Perez told the jury. "He told her that she needed to comport herself in the way he needed her to be."

Persons: Jonathan Majors, Prosecutors, Jabbari, —, Coretta Scott King, Michelle Obama, Michael Perez, Grace Jabbari, Kang, Conqueror, Cleopatra, D'Angelo, Jabarri, Majors, Alan Chin, Perez, comport, Priya Chaudhry, Chaudhry, That’s Jabbari, ould Organizations: Defense, Service, Marvel, Manhattan, Majors, Yale, Chelsea, NYPD, Manhattan Criminal, Fine, David Geffen School of Drama, Sundance, Searchlight Pictures, Jabbari Locations: Chinatown, Fort Greene , Brooklyn, Manhattan, California, Texas

I saw hundreds of new films with a variety of plots and styles made on every imaginable scale and budget. The movies have ostensibly been at death’s door at least since the shift to sync sound, which isn’t to undersell the industry’s business woes. “Indiana Jones and the Dial of Destiny” was “cursed,” read one headline; “‘Mission: Impossible 7’ falls short of expectations,” ran another. The moaning in the trades gave way to klaxon horns when much of SAG-AFTRA went on strike on July 14. This year also reminded us that a mass audience will happily get out of the house for movies without superheroes.

Persons: Manohla, Rockwell, Martin Scorsese, shutdowns, Topsy, “, bullish, Indiana Jones, ”, AFTRA, Barry Diller, “ Barbie ”, “ Oppenheimer ” Organizations: Yahoo, Sundance Film, Writers Guild, SAG, Paramount, Marvel Locations: Cannes

☆ Review: A Shady Documentary Becomes a Weapon of War in ‘Spain’
▼ + stars: | 2023-11-30 | by ( Jesse Green | More About Jesse Green | ) www.nytimes.com time to read: +2 min

In Silverman’s telling, the filmmaker, Joris Ivens, a Dutchman working in the United States, is already an undercover infiltrator for Soviet interests when the Spanish Civil War breaks out in 1936. Ivens was a real filmmaker, and his movie “The Spanish Earth,” released in 1937, was a real cause célèbre among leftists and artists. The frenemies Ernest Hemingway and John Dos Passos did write the screenplay, as Silverman relates. (He imagines shooting part of the documentary from an ant’s point-of-view, or a raindrop’s.) Nor, for all his faults, was Hemingway (Danny Wolohan) so complete a buffoon, given to shouting such hollow nonsense.

Persons: ”, Jen Silverman’s “, ” That’s, Joris Ivens, “, Rich, Franco, Ivens, Ernest Hemingway, John Dos Passos, Silverman, Andrew Burnap, Hemingway, Danny Wolohan, Dos Passos, Erik Lochtefeld Organizations: Republican, Rich Fascist Locations: Jen Silverman’s “ Spain, United States, Spanish, Spain, Dos

☆ Jack Ma popped up randomly on Alibaba's staff forum only to deliver a rare criticism of his company's performance
▼ + stars: | 2023-11-29 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +2 min

Jack Ma resurfaced once again and made a surprising post on Alibaba's staff forum. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Responding to an employee's forum post on Wednesday, Ma emphasized the need for change within Alibaba in a post seen by Business Insider. In his post, Ma wrote: "Everyone can be successful. AdvertisementNotably, in his message, Ma congratulated Alibaba's rival Pinduoduo, the parent company of the e-commerce app Temu, praising its strategic decisions in recent years.

Persons: Jack Ma, —, Ma, Alibaba, Pinduoduo Organizations: Service, Business Insider, Ant, Tokyo College Locations: China, Tokyo

NEW YORK (AP) — The actor Jonathan Majors appeared in court in New York on Wednesday for the expected start of jury selection in a trial in which he is accused of injuring his then-girlfriend during an argument last spring. The 34-year-old actor entered a Manhattan courtroom alongside his current girlfriend, the actress Meagan Good, carrying a Bible and one of his signature coffee cups. Majors was arrested in March over a confrontation between the actor and Grace Jabbari, his girlfriend at the time, during a car ride in Manhattan. After the couple's driver stopped the car and the pair got out, Jabbari said Majors threw her back into the vehicle. Majors’ attorneys have maintained that Jabbari was the aggressor during the fight and had scratched and hit him.

Persons: Jonathan Majors, “, III ”, Meagan, Majors, Grace Jabbari, Jabbari, ” Majors, Michael Gaffey, ” Gaffey, Seth Zuckerman, Katherine Bolger Organizations: Majors, Marvel, Prosecutors, Police, New York, Manhattan District Locations: New York, Manhattan, New York City, New Yorker

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

☆ It's TikTok Shop's first Christmas, and shoppers are torn between hot deals and ethics
▼ + stars: | 2023-11-24 | by ( Laya Neelakandan | ) www.cnbc.com time to read: +4 min

TikTok has officially launched its e-commerce service TikTok Shop in the US. The platform introduced TikTok Shop in the U.S. in September as an in-app shopping experience, capitalizing on the #TikTokMadeMeBuyIt trend. Though TikTok Shop previously faced backlash and was forced to shut down in Indonesia, consumers are increasingly trending toward buying off of social media. And 86% of Gen Z shoppers say social media influences their shopping habits, according to an ICSC report. One of those TikTok Shop enthusiasts is 29-year-old Chuck Vaughn, who called the TikTok Shop phenomenon "a gold rush."

Persons: TikTok, Pew Research Center –, Chuck Vaughn, Vaughn, he's, hashtag, Ant Duffin, Duffin Organizations: Nurphoto, Getty, Consumers, Gallup, Pew Research Center, Tennessee, CNBC, Social, U.S . Department of Commerce, Gartner Locations: U.S, Indonesia

☆ Buffett's Berkshire Hathaway exits India's Paytm in $165 million deal
▼ + stars: | 2023-11-24 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Rupak De Chowdhuri/File Photo Acquire Licensing RightsBENGALURU, Nov 24 (Reuters) - Billionaire Warren Buffett's Berkshire Hathaway (BRKa.N) has exited India's Paytm (PAYT.NS) after selling its entire stake in the company for about 13.71 billion rupees ($164.70 million) through a bulk deal on Friday. Berkshire Hathaway's BH International Holdings has sold more than 15.6 million shares of the digital payments firm, with a weighted average price of 877.29 rupees per share, exchange data showed. Who the buyers of the Paytm shares are is not known. Paytm did not immediately respond to a Reuters request for additional details, while Berkshire was not available for comment. As of September 2023, BH International Holdings had a 2.46% stake in the company, as per exchange data.

Persons: Warren Buffett's Berkshire Hathaway, Paytm, Vijay Shekhar Sharma, Hritam Mukherjee, Sonia Cheema, Pooja Desai Organizations: REUTERS, Rights, ., Holdings, BH International Holdings, SoftBank, HK, Ant, Thomson Locations: Kolkata, India, . Berkshire, Berkshire, Bengaluru

☆ How do the Croc Docs, a team of Florida scientists who wrangle crocodiles and alligators, stay safe? 'Very carefully.'
▼ + stars: | 2023-11-23 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +7 min

University of Florida's Croc Docs are a team of biologists who study crocodilians and other reptiles. Mazzotti has spent the decades since studying crocodiles, alligators, and many other reptile species in Everglades National Park and beyond. The Croc Docs' work includes monitoring alligators and crocodiles to see how they are responding to Everglades restoration. University of Florida's Croc DocsOne of the Croc Docs' latest successes has been nearly eradicating invasive caimans from south Florida. Many of the species the Croc Docs deal with, like Burmese pythons, are rare and incredibly cryptic, with a very low probability of actually being spotted.

Persons: Frank Mazzotti, Doc, —, hadn't, Mazzotti, feasted, He's, Elizabeth Sutton, they've, it's, William Whelpley, Analise, There's Organizations: Florida's, Service, University of Florida, Sports Illustrated, Business, University of Florida's, of Florida's, Docs Locations: Florida, Caribbean

☆ Carlyle’s Big Mac China dish is hard to match
▼ + stars: | 2023-11-22 | by ( ) www.reuters.com time to read: +2 min

SINGAPORE, Nov 22 (Reuters Breakingviews) - Carlyle (CG.O) may be lagging its peers in the United States. But in China, at least, the buyout firm is finishing a meal that will be hard for others to find. That’s less than the private equity outfit run by Harvey Schwartz was hoping for, but is tasty enough. Given geopolitical tensions and China’s weak economic growth, Carlyle has done well to secure a hassle-free exit. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Carlyle, repurchasing, Harvey Schwartz, ByteDance, Jack Ma’s Ant, Antony Currie, Thomas Shum Organizations: Reuters, HK, X, Walmart, Thomson Locations: SINGAPORE, United States, China, People’s Republic, Hong Kong, Macau, McDonald’s, Rome

☆ Alibaba’s U-turn casts dark clouds over China tech
▼ + stars: | 2023-11-17 | by ( Anshuman Daga | ) www.reuters.com time to read: +4 min

Alibaba (9988.HK) scrapped the spinoff of its prized cloud computing business, blaming U.S. curbs on advanced chips. The U-turn dashes market expectations of stability among technology companies after the end of Beijing’s years-long regulatory crackdown. Add in so-so results from Alibaba’s main businesses, also reported on Thursday, and it is hard to see a silver lining in the dark clouds gathering over China’s technology sector. The technology giant reported revenue of 224.8 billion yuan ($31 bln) in the three months to September, up 9% year-on-year, and in line with market estimates. Alibaba posted a net profit attributable to shareholders of 27.7 billion yuan versus a net loss of 20.6 billion yuan, due to an increase in the value of its equity investments.

Persons: Lisi Niesner, Daniel Zhang, Zhang, Alibaba, Francesco Guerrera, Thomas Shum Organizations: IFA, REUTERS, Rights, Reuters, HK, Thomson Locations: Berlin, Germany, Rights SINGAPORE, Hong Kong, U.S, China

Carlyle, which started raising its sixth Asia-focused fund in mid-2022, has bagged less than $3 billion so far, two of the sources said. Investors in private equity companies, known as limited partners, typically reinvest after having booked returns from their previous investments. Private equity firms have made a total of $15.6 billion in exits in Asia, down 82% year-on-year, Dealogic data showed. Sources told Reuters last year Carlyle was aiming to raise $8.5 billion in the pan-Asia fund. Capital allocation to China had been bigger in Carlyle's previous Asia funds, different sources with knowledge of the matter have said.

Persons: Carlyle, Jack Ma's, Harvey Schwartz, Goldman Sachs, Patrick Siewert, Nina Gong, Herman Chang, Kane Wu, Sriram, Xie Yu, Sumeet Chatterjee, Miral Organizations: Carlyle, Investors, Reuters, Yes Bank, Thomson Locations: HONG KONG, MUMBAI, Asia, East, Europe, China, U.S, India, South Korea, Carlyle's, Beijing, Hong Kong, Greater China, Carlyle's Hong Kong, Mumbai

☆ National Bank of Cambodia governor discusses MOU with Ant Group
▼ + stars: | 2023-11-16 | 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 EmailNational Bank of Cambodia governor discusses MOU with Ant GroupChea Serey, governor of the National Bank of Cambodia, discusses the memorandum of understanding and the creation of "interoperability between Cambodian mobile payment users and the Alipay+ merchants."

Persons: Serey Organizations: Email National Bank of Cambodia, Ant, National Bank of Locations: National Bank of Cambodia

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