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Throw in increasingly positive signs from China, and the bulls could be leading the charge on Monday. Beijing's abrupt U-turn has triggered huge waves of infections, but investors hope the reopening will eventually bear economic fruit. Analysts are split on whether this paves the way for the company to revive its IPO plans, or results in further delay. There is little in the way of economic data from Asia on Monday, but the flow accelerates later in the week. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Ant Group says no plan for IPO, focusing on business optimisation
▼ + stars: | 2023-01-08 | by ( ) www.reuters.com time to read: +1 min

Jan 8 (Reuters) - China's fintech giant Ant Group has no plan to initiate an initial public offering (IPO), it said on Sunday in an emailed statement to Reuters. "Ant Group has been focusing on its business rectification and optimisation, and does not have a plan for an IPO," the company spokesperson said. Ant Group said on Saturday that its founder Jack Ma no longer controls the company after a series of shareholding adjustments that saw him give up most of his voting rights. China's domestic A-share market requires companies to wait three years after a change in control to list. Reporting by Yingzhi Yang in Shanghai and Rhea Binoy in Bengaluru;Editing by Elaine HardcastleOur Standards: The Thomson Reuters Trust Principles.

☆ Jack Ma Cedes Control of Fintech Giant Ant Group
▼ + stars: | 2023-01-07 | by ( Jing Yang | ) www.wsj.com time to read: 1 min

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☆ Ant Group founder Jack Ma to give up control in key revamp
▼ + stars: | 2023-01-07 | by ( ) www.cnbc.com time to read: +3 min

Alibaba founder Jack Ma attends the 5th World Zhejiang Entrepreneurs Convention at Hangzhou International Expo Centre on November 13, 2019 in Hangzhou, Zhejiang Province of China. Ant Group's founder Jack Ma will give up control of the Chinese fintech giant in an overhaul that seeks to draw a line under a regulatory crackdown that was triggered soon after its mammoth stock market debut was scuppered two years ago. China's domestic A-share market requires companies to wait three years after a change in control to list. Hangzhou Yunbo, an investment vehicle for Ma, had control over two other entities that own a combined 50.5% stake of Ant, the prospectus showed. "At least Ant investors can (now) have some timetable for an exit after a long period of uncertainty," said Clark, who is also an author of a book on Alibaba and Ma.

☆ Jack Ma, the billionaire founder of Alibaba, just resurfaced in Thailand hours before giving up his company. Here's a timeline of his fall from grace.
▼ + stars: | 2023-01-07 | by ( Sinéad Baker | Bethany Biron | ) www.businessinsider.com time to read: +1 min

Jack Ma was just seen dining in Thailand hours before reports that he was giving up his company. The billionaire clashed with Chinese regulators in 2020, who then cracked down on his companies Alibaba and Ant Group. Ma has largely disappeared from the public eye, and was last seen in Japan in Nov. 2022. Ma became the richest man in China through his highly successful companies, and established himself as a well-known face across China and the global business world. Ma has rarely been seen in public since then, leading to rumors that he was missing before making a few appearances.

☆ Chinese billionaire Jack Ma spotted in Bangkok - Thai media reports
▼ + stars: | 2023-01-07 | by ( ) www.reuters.com time to read: +2 min

BANGKOK, Jan 7 (Reuters) - Alibaba Group (9988.HK) founder Jack Ma was spotted socialising in Bangkok this week, having stayed out of the public eye since regulators in China launched a clampdown on his business empire in late 2021, social media posts and local media reports showed. Several local media also reported that Ma was at the restaurant with Supakit Chearavanont, Chairman of the Board of Charoen Pokphand Group (CP Group) and Charoen Pokphand Foods PCL (CPF.BK), Thailand's largest agribusiness group. Media also reported that Ma attended a boxing match at Bangkok's Rajadamnern Stadium where he posed with clenched fists for a photograph with Thai boxing champion Sombat "Buakaw" Banchamek. The Jack Ma Foundation did not immediately respond to Reuters' request for comment. Ma will give up control of the Chinese fintech giant Ant Group in an overhaul that seeks to draw a line under a regulatory crackdown that was triggered soon after its $73 billion IPO was scupper two years ago.

☆ Jack Ma, who disappeared from public view in 2020, has resurfaced in Thailand. Here's how the Alibaba and Ant Group founder got started and amassed a huge fortune.
▼ + stars: | 2023-01-07 | by ( Madeline Stone | Avery Hartmans | Sam Tabahriti | ) www.businessinsider.com time to read: +1 min

Jack Ma, the billionaire founder of Alibaba and Ant Group, resurfaced in Thailand on Friday. Ant Group said Ma will give up control of the fintech company amid closer scrutiny from Beijing. He grew up poor and faced multiple job rejections but amassed billions. Jay Fai restaurant in Bangkok, Thailand, posted a photo of Ma, which he appeared to have just visited. The billionaire faced a crackdown from Chinese regulators in 2020 that resulted in an antitrust investigation, a suspended IPO, and Ma losing $12 billion of his fortune in just a few months.

☆ Chinese billionaire Jack Ma to relinquish control of Ant Group
▼ + stars: | 2023-01-07 | by ( ) www.reuters.com time to read: +2 min

HONG KONG, Jan 7 (Reuters) - Ant Group's founder Jack Ma will no longer control the Chinese fintech giant after the firm's shareholders agreed to implement a series of adjustments that will see him give up most of his voting rights, the group said on Saturday. This trend will continue the erosion of the most productive parts of the Chinese economy. DUNCAN CLARK, CHAIRMAN OF INVESTMENT ADVISORY FIRM BDA, BEIJING:"Yes, it's obviously significant if he is no longer the controlling shareholder. This in theory should pave the way for an IPO assuming the other key issue - oversight/ownership of data - is also resolved. At least Ant investors can (now) have some timetable for an exit after a long period of uncertainty."

☆ Jack Ma, the billionaire founder of Alibaba who disappeared from public view in 2020, appears to resurface in Thailand as he prepares to give up control of his company
▼ + stars: | 2023-01-07 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +3 min

The picture of Ma was posted hours before Ant Group said Ma was giving up control of the company. Ant Group abandoned a blockbuster float in 2020 soon after Ma criticized Chinese regulations. Ma disappeared from public view in October 2020 after giving a speech criticizing China's financial regulation system. Once China's richest man, Ma's net worth has fallen by more than $25 billion since he disappeared from public view, per the Bloomberg Billionaires Index. The Financial Times suggested in November that he had been living in Tokyo for six months, staying out of public view and mainly socializing in private members' clubs.

☆ Jack Ma to relinquish control of Ant Group
▼ + stars: | 2023-01-07 | by ( ) www.reuters.com time to read: +1 min

SHANGHAI, Jan 7 (Reuters) - Ant Group's founder Jack Ma will no longer control the Chinese fintech giant after the firm's shareholders agreed to implement a series of adjustments that will see him give up most of his voting rights, the group said on Saturday. Hangzhou Yunbo, an investment vehicle for Ma, had control over two other entities that own a combined 50.5% stake of Ant, the prospectus showed. Ant said that Ma and nine of its other major shareholders had agreed to no longer act in concert when exercising their voting rights, and would only vote independently. Ma previously possessed more than 50% of voting rights at Ant but the changes will mean that his share falls to 6.2%, according to Reuters calculations. "As a result, there will no longer be a situation where a direct or indirect shareholder will have sole or joint control over Ant Group," it said in its statement.

CNN —Chinese billionaire Jack Ma will no longer control Ant Group after the fintech giant’s shareholders agreed to reshape its shareholding structure, according to a statement released by the company on Saturday. After the adjustment, Ma’s voting rights will fall to 6.2%, according to the statement and CNN calculations. Before the restructure, Ma held 50.52% of voting rights at Ant via Hangzhou Yunbo and two other entities, according to its IPO prospectus filed with stock exchanges in 2020. As part of the company’s restructuring, Ant applied for an expansion of its registered capital from $1.2 billion to $2.7 billion. Ant Group is a fintech affiliate of Alibaba, both of which were founded by Ma.

☆ Jack Ma's Alibaba, China tech giants are making a comeback post zero Covid
▼ + stars: | 2023-01-05 | by ( Laura He | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —Chinese tech giants are witnessing a dream start to the year. US-listed shares of Chinese e-commerce firms Alibaba (BABA), JD.com (JD) and Pinduoduo (PDD) added $53 billion to their combined market value on Wednesday. The surge comes as investors are feeling optimistic that Chinese regulators will go easy on tech firms this year and also introduce measures to boost growth in the industry. The change in sentiment comes after Jack Ma’s Ant Group won a key approval for capital expansion. Chinese tech companies have faced a sweeping regulatory crackdown since late 2020, which drove investors away.

☆ Movie fans can sue film studios if they release misleading trailers, judge rules in Ana de Armas suit
▼ + stars: | 2022-12-24 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +2 min

A federal judge rejected Universal Studios' motion to dismiss a lawsuit claiming it misled fans. Movie fans filed a class action suit in January claiming they were tricked into watching the film. They sued Universal because actress Ana de Armas was in the trailer, but didn't appear in the movie. A California district court judge, Stephen V. Wilson, is letting a class action suit filed earlier this year proceed after Universal Studios asked for it be dismissed. Judge Wilson said that the moviegoers were not given "any value for their rental or purchase", per the filing, and lawyers will meet again for the case in April.

☆ Is the US in a recession? Not yet, but experts think we could be in one soon.
▼ + stars: | 2022-12-22 | by ( Madison Hoff | ) www.businessinsider.com time to read: +9 min

Scott Kirby, CEO of United Airlines, told CNBC that there could be a "mild recession induced by the Fed." Here's what experts are saying about a recession in 2023Some Wall Street experts and economists think the US could avoid a recession next year, and that even if one comes, it will likely not be as severe as the downturns after the 2008 financial crisis and the early Covid pandemic. As Insider's Brian Evans reported, economists at Bank of America think there will be a mild recession too. While some think a recession is on the horizon, there's a chance that the US may not enter one at all. "I think we would need to see a significant deterioration in the labor market for me to think we're in a recession, and we have not seen any significant deterioration yet," Bunker said.

☆ China steps up support for private sector to boost Covid-hit economy
▼ + stars: | 2022-12-19 | by ( Laura He | ) edition.cnn.com time to read: +5 min

Hong Kong CNN —Beijing has vowed to go all out next year to save its Covid-hit economy by boosting consumption and loosening control over private industry, including the struggling tech and property sectors. Covid infections are surging in China after leaders unexpectedly eased its restrictive Covid policy earlier this month. Stabilizing economic growth is the top priority for 2023, according to an official readout following the conclusion of the Central Economic Work Conference (CEWC), a key annual meeting of top leaders, which ended Friday. “We need to encourage and support the private sector economy and private enterprise in terms of policy and public opinion,” the statement said. A shopping mall is decorated with rabbit stickers to welcome the Lunar New Year, the Year of the Rabbit, on December 10, 2022 in Beijing, China.

☆ Arielle Charnas said she works 4 hours a day. But is it really possible to run and scale a successful startup from 10 a.m. to 2 p.m.?
▼ + stars: | 2022-12-17 | by ( Jennifer Ortakales Dawkins | Alexandra York | ) www.businessinsider.com time to read: +5 min

Arielle Charnas, the founder of Something Navy, said she works from 10 a.m. to 2 p.m.Insider asked founders whether it's possible to run and scale a startup working four hours a day. Insider asked more than 50 founders over email whether entrepreneurs can be successful working just four hours a day. It's possible to start with a few hours a dayMany founders start their businesses as side hustles while working a 9-to-5 job. Courtesy Justin SilvermanOcean Ronquillo-Morgan, a 24-year-old software engineer, spends about three hours a day on her side hustles. She said she won't work past 7 p.m. on weeknights or on weekends, doesn't respond to emails outside of work hours, and logs off from work when she's on vacation.

Jones and Infowars had already been banned from Facebook, Instagram, Twitter, Apple, YouTube, Spotify, Google Play, Vimeo, Pinterest, Mailchimp and LinkedIn. But Ye’s interview had more than 3.1 million views as of publication. On other platforms, clips of the interview got millions more. Twitter suspended Ye later that night after Ye tweeted an image that contained a swastika. He showed clips of Ye praising Hitler, and Foreman speculated that his channel might get a “strike” from YouTube as a result.

☆ Friday's jobs report showed some 'fraying around the margins,' says LinkedIn's Kimbrough
▼ + stars: | 2022-12-02 | 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 EmailFriday's jobs report showed some 'fraying around the margins,' says LinkedIn's KimbroughJack Manley, JPMorgan Asset Management, and Karin Kimbrough, LinkedIn chief economist, join 'Closing Bell' to discuss their take on Friday's jobs report, how the report will ultimately impact the markets and more.

☆ Sam Bankman-Fried took plenty of blame for FTX's downfall, but denied fraudulent behavior
▼ + stars: | 2022-12-01 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

And while I've got you here, it's time to start thinking about gifts with the holidays season in full swing. Do you know what's an informative, funny gift that has a long shelf life and, most important of all, is free? FTX Cryptocurrency exchange CEO Sam Bankman-Fried at a hearing on Capitol Hill on May 12, 2022. But the main attraction at The New York Times DealBook Summit on Wednesday was Sam Bankman-Fried. And frankly conflict of interest risk," SBF said.

☆ Jack Ma, the billionaire founder of Alibaba, is reportedly living in Japan after he disappeared from public after a Chinese government crackdown. Here's a timeline of his fall from grace.
▼ + stars: | 2022-11-30 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +2 min

Jack Ma clashed with Chinese regulators, who then cracked down on his companies Alibaba and Ant Group. Ma, who was once China's richest man, then disappeared from public view. The Financial Times reported on Tuesday that he has been living in Japan for six months. Ma was not seen in public for months, leading to rumors that he was missing, before he made a few appearances and sightings. The Financial Times then reported on Tuesday that he has been living in Japan for six months.

☆ Jiang Zemin made China richer and more unequal
▼ + stars: | 2022-11-30 | by ( John Foley | ) www.reuters.com time to read: +5 min

NEW YORK, Nov 30 (Reuters Breakingviews) - Jiang Zemin, who died on Wednesday, catapulted China into the modern world. And his death comes at an inconvenient time for the current president, Xi Jinping. Chosen as party chief weeks before the violent 1989 suppression of Tiananmen Square protesters who demanded economic and political reforms, Jiang inherited a system riven by infighting. While numbers can deceive in a state-led economy like China’s, Jiang still notched up some encouraging stats. Follow @johnsfoley on TwitterCONTEXT NEWSJiang Zemin, the former president of China, died on Nov. 30.

☆ Jack Ma, the billionaire founder of Alibaba, disappeared from public view in 2020. He's been living in Tokyo for the past 6 months, new reports say.
▼ + stars: | 2022-11-30 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Alibaba group founder Jack Ma is now living in Tokyo, the FT reported. The once high-profile Ma angered the Chinese authorities in 2020 and has since vanished from public view. His words angered the Chinese authorities, prompting intense regulatory scrutiny on his businesses, and a wider crackdown on tech firms the country. This weighed on Chinese tech and property firms, sending the net worth of the country's richest plunging. He still sits on the board of the Jack Ma Foundation, which he founded.

☆ Is this the last Christmas for Sears?
▼ + stars: | 2022-11-29 | by ( Chris Isidore | ) edition.cnn.com time to read: +13 min

Easterling was at the Sears in her hometown of Jersey City, New Jersey, one of only 15 full-line Sears stores still open. The two started a catalog business selling watches and jewelry in 1888, incorporating under the Sears Roebuck name in 1893. The Sears catalog was the way many Americans first started to buy mass-produced goods. File photo/AP People shop inside a Sears store in Morton Grove, Illinois, in 1961. AP Soldiers guard a Sears store in Baltimore after riots broke out following the assassination of Martin Luther King Jr. in 1968.

☆ China's 'social credit' system ranks citizens and punishes them with throttled internet speeds and flight bans if the Communist Party deems them untrustworthy
▼ + stars: | 2022-11-28 | by ( Katie Canales | Aaron Mok | ) www.businessinsider.com time to read: +10 min

Since China doesn't have a central social credit system, many local government agencies have been experimenting with what the system could look like. But the plan is for the social credit system to eventually be mandatory and unified across the nation, with each person given their own unique code used to measure their social credit score in real-time, per Wired. In fact, a national social credit system is currently being proposed. Companies will also be at risk if China passes on its Establishment of the Social Credit System law. Citizens with good social credit can also get discounts on energy bills, rent things without deposits, and get better interest rates at banks.

☆ The secrets behind these Christmas movie classics
▼ + stars: | 2022-11-25 | by ( Aj Willingham | ) edition.cnn.com time to read: +8 min

‘A Charlie Brown Christmas’ was supposed to be a flop"A Charlie Brown Christmas" is a beloved special, but those involved in its production worried that they'd created a dud. Classic songs were reused, rewritten and dubbed for ‘White Christmas’"White Christmas" is a movie that has a lot of behind-the-scenes lore. Paramount/Kobal/ShutterstockThe 1954 film “White Christmas” is brimming with behind-the-scenes lore, especially when it comes to the music. The animators behind 1993’s “The Nightmare Before Christmas” used about 400 different hand-sculpted heads to bring Jack Skellington to life. Michael Caine did a literal balancing act during ‘The Muppet Christmas Carol’The Ghost of Christmas Present, left, and Michael Caine, right, in 1992's "The Muppet Christmas Carol."

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