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Tanking Alibaba drags Hong Kong as markets rally fades
AFP, Published on 17/11/2023
» HONG KONG - Hong Kong led losses in Asian stock markets on Friday as Alibaba was hammered after saying it would cancel the planned spinoff of its cloud computing arm.
Another Chinese developer fails to make debt payments
AFP, Published on 05/10/2021
» BEIJING: Another Chinese homebuilder has hit financial trouble after it missed payments on debt obligations, adding to worries over the country's property sector as embattled giant China Evergrande teeters on the brink of collapse.
Evergrande fuels concerns over China's housing bubble
AFP, Published on 28/09/2021
» BEIJING - A state crackdown on China's colossal property market has helped send one of its biggest developers to the brink of collapse, and analysts warn the fallout could lead to the bursting of a bubble that has been building for more than two decades.