SHANGHAI (Reuters) – Hundreds of Tesla owners gathered at the automaker’s showrooms and distribution centres in China over the weekend, demanding rebates and credit after sudden price cuts they said meant they had overpaid for electric cars they bought earlier. On Saturday, about 200 recent buyers of the Tesla Model Y and Model 3 gathered…
BANGKOK (Reuters) – Alibaba Group 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. Little has been heard from the once outspoken Chinese billionaire since…
SHANGHAI (Reuters) – Tesla cut prices in China for the second time in less than three months on Friday, fuelling forecasts of a wider price war amid weaker demand in the world’s largest autos market. The U.S. automaker also cut prices on its best-selling Model Y and Model 3 electric vehicles in Japan, South Korea…
By Yingzhi Yang, Brenda Goh and Kane Wu SHANGHAI/HONG KONG (Reuters) -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. Ant’s $37…
By Yingzhi Yang and Brenda Goh SHANGHAI (Reuters) -Ant Group said on Saturday its founder Jack Ma will no longer control the Chinese fintech giant, as the firm seeks to draw a line under a regulatory crackdown that was triggered soon after its mammoth stock market debut was scuppered two years ago. Ant’s $37 billion…
(Reuters) – Japanese drugmaker Eisai Co Ltd said on Saturday it had submitted an application to the U.S. Food and Drug Administration for a standard review of its Alzheimer’s drug Leqembi, which was recently approved under the agency’s accelerated review process. (Reporting by Bhanvi Satija in Bengaluru; Editing by William Mallard)
SHANGHAI (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. The move marks another big development after a regulatory crackdown that scuppered Ant’s…
SHANGHAI (Reuters) – China’s Ant Group said on Saturday that its founder Jack Ma no longer controls the Chinese fintech giant after a series of shareholding adjustments that saw him give up most of his voting rights. Ma previously possessed more than 50% of voting rights at Ant but the changes means that his share…
By Isabel Woodford MEXICO CITY (Reuters) – The leaders of the United States, Canada and Mexico are due to hold a summit next week, where a major bone of contention could be a dispute centering on whether Mexico breached a trade pact by tightening state control of its energy market. WHERE DOES THE DISPUTE STAND?…
(Reuters) – Salesforce Inc is looking to cut costs by $3 billion to $5 billion, Chief Executive Marc Benioff told company insiders this week after announcing layoffs, Fortune reported citing an audio recording of a meeting. (Reporting by Akash Sriram in Bengaluru; Editing by Shailesh Kuber)
