Business
China Seeks to Break Up Alipay, Separate Loan Business: FT
Sep.12 — China seeks to break up Ant Group’s Alipay and create a separate app for its loan business. That’s according to the Financial Times. Bloomberg’s Stephen Engle reports on “Bloomberg Daybreak: Asia.”
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Martha Gimbel, executive director and cofounder of the Budget Lab at Yale University, says artificial intelligence is unlikely to offset the economic challenges of an aging population, arguing the US is confronting two major transitions at the same time rather than one solving the other. She says AI could improve productivity in some areas, particularly by helping caregivers with physically demanding tasks, but questions whether consumers will embrace automation in roles where human interaction remains essential.
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“We believe Mexico is a really important milestone for our great brand as we continue to lean into our global strategy. It’s an important country for us, we recognize and admire the culinary heritage that is a part of the Mexican culture,” says Chipotle Mexican Grill CEO Scott Boatwright on the chain’s global expansion https://bloom.bg/4wKJnvc
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Delta Air Lines Chief Executive Officer Ed Bastian says higher fuel prices are not deterring travel. He says the carrier is actually seeing strong demand for premium, corporate and international travel. He also talks about how some customers are choosing a better seat on the plane over perks they could get in first class. He speaks to Bloomberg’s Lisa Abramowicz at Delta headquarters in Hapeville, Georgia on “Bloomberg Surveillance.”
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After SpaceX’s record-setting IPO, some investors like Danish pension fund AkademikerPension have already rejected the stock over what they call “catastrophic governance,” turning SpaceX into a test case for how much control public markets are willing to give founders https://bloom.bg/3EMZYZX
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Hungary’s parliamentary vote to amend the constitution crowns a frenetic period of legislative activity since Prime Minister Peter Magyar pledged to reincarnate democracy in the country. The result removed the president, set a limit of three parliamentary terms for legislators and sent allies of former PM Viktor Orban in top courts into retirement. Bloomberg’s Zoltan Simon reports.
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@LesliePeter
December 20, 2023 at 6:22 pm
US pulls missiles out of Saudi Arabia to pivot toward China
Chinese warships sailed near Alaska,
'display of far-sea capabilities
or countermeasure against US provocation.
US should abide by its long-standing official “One China policy”
and should not “send the wrong signal” about Taiwan’s sovereignty.
US warships have been making frequent provocations near China
in the name of freedom of navigation.
Now the US might feel a little uncomfortable
to see Chinese warships on its doorsteps
stressing that "this is a countermeasure
and a signal against the US actions of hegemony.
Has the US deleted that report
because it could feel
it lost face by having Chinese warships sailing near it,
taking some of its own medicine of freedom of navigation?
@gaulindidier5995
December 20, 2023 at 6:22 pm
''China will liberalize by 2012" . Enjoy your future losses, midwits.
@marcosfuerte8739
December 20, 2023 at 6:22 pm
As if you thought it would end.
@dchexstace3510
December 20, 2023 at 6:22 pm
Most people that are in the hospital have had the the shot remember in August we were 70 percent vaccinated. Once the virus dies down they bring another variant. Good people that were on the front lines when ever maybe you were in the hospital have to lose their jobs because they refuse the shot. You have let lying Fauci with gain of function dupe you guys with more shots and boosters and turn us against each other. You should be ashamed of yourselves. That's how you repay them. I am not vaccinated and go to work every day we have not had an issue. If you don't have the virus you don't have it whether vaccinated or not. Quick story I just had an uncle come to a funeral when we left he called and told me to get tested cause he caught covid. He was on me while he was in town cause I told him I don't test, and he felt I gave it to him. I go get tested I'm negative, he caught it a few days before the funeral. By the grace of God nobody else contracted it. Stop these mandates now and stand together.
@obsidianstatue
December 20, 2023 at 6:22 pm
Ant acts like a bank, runs like a bank does what a bank does, but for some reason Jack Ma thinks he can avoid it being regulated like bank just because he added a "tech company" to its name.
@temimegraham1904
December 20, 2023 at 6:22 pm
In China it is always darkest before pitch black……Remember rule one of investing and get out fast before losing your shirt.
@jon_nomad
December 20, 2023 at 6:22 pm
Good… Alipay is too monopolistic. Allow for more healthy competition.
@MoMo-00
December 20, 2023 at 6:22 pm
Does this affect Alibaba stock?
@KIKEROMA1997
December 20, 2023 at 6:22 pm
What a nightmare for US investors that hold BABA VIE!!!, it wouln't surprise me that this so called "prosperity fund" will be used to save those disastrous SOE.
@Hahaha41241
December 20, 2023 at 6:22 pm
China do what's good for there people
@ajnaughtin1
December 20, 2023 at 6:22 pm
Socialise the profits, privatise the risk. Brilliant.
@xpengfangirl7942
December 20, 2023 at 6:22 pm
it was getting to huge, and Ant was abusing power 10% floated for 36 billion dollars, arrogance
@UnclePutin
December 20, 2023 at 6:22 pm
Jeezus. All these Xi sniffers here. Like roaches.
@marekkolenda7061
December 20, 2023 at 6:22 pm
Bet against S&P stocks when go down
@marekkolenda7061
December 20, 2023 at 6:22 pm
Bet against Tesla stocks and semiconductor shortages
@HTHowThingsHappen
December 20, 2023 at 6:22 pm
We are at economic war boys it’s a new age
@marekkolenda7061
December 20, 2023 at 6:22 pm
Price’s for shipments containers from Asia to US go up over 10,000$ per one container
@marekkolenda7061
December 20, 2023 at 6:22 pm
Asia shipments containers exports to US backups to next year
@redcapitalist
December 20, 2023 at 6:22 pm
this is a very responsible move from a very responsible government. jack ma thinks he can mimic the decadent western banking operating model of "privatize the profits, socialize the risks". we've been onto his shenanigans for some time – now he will pay for his greed and social irresponsibility
@marekkolenda7061
December 20, 2023 at 6:22 pm
China use natural strategy reserves sources to stop inflation prices skyrocketed
@audreybutler1417
December 20, 2023 at 6:22 pm
I'm.. 50 a.n.d m.y. husband 54 we are both retired with over $3 million in net worth and no dept's. Currently living smart and frugal with our money.serving and investing life style in the stock market made it possible for us this early even till now we earn weekly. Thanks to fire movement.
@googlebanmetoomuch2601
December 20, 2023 at 6:22 pm
Common Prosperity for all. Steal from companies and Stockholders! Doesn't matter to China when the government has full control.
@peachtea7389
December 20, 2023 at 6:22 pm
Investing in china is financial suicide
@kikolatulipe
December 20, 2023 at 6:22 pm
Probably the best action the government had taken to avoid another financial crisis ! A lesson to Jack Ma to not mock regulators ! I hope the SEC won’t approuve the IPO !
@TheM0joDoj0
December 20, 2023 at 6:22 pm
People forget that Ant started off as Alibaba's financial arm. The CCP made Alibaba spin off that arm into ANT Financial. Back then people also certain that was the end of Alibaba, and it was all about CCP control on capitalism. Then Alibaba and ANT grew into goliaths as separate companies anyways. Now the CCP is doing to ANT what it did to Alibaba.
@stevenroosa9147
December 20, 2023 at 6:22 pm
No capatalism wealth is worth losing power over it's society. A win for smooth sailing, western democracies. The mighty dollar will gain more fame, attention, possession and prestige and more of it's smart ppl will be leaving China. We get to keep the smart and affluent as new U.S. citizens. 🤣🤑🚀☺️
@bobdoe38
December 20, 2023 at 6:22 pm
Alipay and Ant Financial: We take all the profit, you take all the risk.
China Gov: Nope.
@davidpessina6563
December 20, 2023 at 6:22 pm
✨BEST CRYPTO COVERED YOUTUBE ON ANALYSIS PERFECTION❤️