Monday, October 24, 2022

As President Xi Jinping consolidates his grip on China's ruling party, Alibaba, JD.com, Naspers, and other tech stocks drop by 10%+ (Henry Ren/Bloomberg)

Henry Ren / Bloomberg:
As President Xi Jinping consolidates his grip on China's ruling party, Alibaba, JD.com, Naspers, and other tech stocks drop by 10%+  —  US-listed Chinese stocks tumbled in premarket trading, with investors spooked by President Xi Jinping's tightening grip on China's ruling party …



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Airbnb launches a pilot in NYC, LA, and other cities that lets users to select from a range of boutique hotels alongside private homes in a bid to boost growth (Stephanie Stacey/Financial Times)

Stephanie Stacey / Financial Times : Airbnb launches a pilot in NYC, LA, and other cities that lets users to select from a range of bouti...