To The Moon

Short-seller Hindenburg Research hasofficially closed its doors, marking the end of an era that shook markets globally. Founded by Nate Anderson in 2017, the firm gained notoriety for exposing fraud a

Country Garden overdue results set to show steep losses amid sector's sales slumpCompany to announce FY 2023, H1 2024 results on TuesdayShares have been halted since April 2, 2024 pending resultsResult announcements come ahead of liquidation hearing next weekBy Clare Jim

Biden administration seeks broad control over computing powerDecisions on restrictions will fall to incoming Trump teamThe Nvidia headquarters in Santa Clara, California.The White House unveiled sweep

Chinese-American billionaire and low-key entrepreneur-investor Duan Yongping publicly praised e-commerce giant PDD Holdings' Temu for its marketing success, highlighting the budget-shopping site's high-profile advertisements during the Super Bowl in 2023 and 2024."The Super Bowl is a great platform for advertising, but I never managed to make it there," Duan said during a speech at his alma mater Zhejiang University on Sunday. "Colin Huang Zheng, founder of Temu, did it.". "Almost everybody in the US knows about Temu now ... even my housekeeper is using it," he added. "Many people are buying things on the platform. The business model is cool, and the quality is improving step by step.". Duan introduced Huang to Berkshire's CEO and chairman Warren Buffett after winning a charity lunch auction with the famed US investor in 2006. Duan had paid US$620,100 for the meal and invited Huang, then 26, who was working as a software engineer and product manager at Google.

Alibaba unloading physical assets to focus on online businessSun Art had attracted interest from other private equity firmsAlibaba Group Holding Ltd. agreed to sell its shares in Sun Art Retail Group

It means the market will very likely assess whether the Chinese economy will do better over the next few years before they might consider lifting BABA’s battered valuations. I also believe the market woul