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Tag: Asia News

Corporate borrowing soars and cash flows deteriorate

Jiangsu Pilot Free Trade Zone Lianyungang Area on November 28, 2019 in Jiangsu Province of China. Wang Chun | VCG | Getty Images China’s fourth-quarter economic growth may have been “the weakest of 2019” — but it still showed an improvement compared to the previous quarter and to the same period a year ago, a …

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Alibaba Group thwarts 300 million hack attempts per day

Alibaba’s company logo at its office in Hong Kong on February 22, 2012. Aaron Tam/Stringer | Getty Images Chinese technology giant Alibaba Group is the target of some 300 million attempted cyber attacks per day, according to the company’s founder and former executive chairman, Jack Ma. Ma said he was “proud” that despite the tirade …

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Sports agents warn players to avoid China talk as NBA walks fine line

A Chinese flag is placed on merchandise in the NBA flagship retail store on October 9, 2019 in Beijing, China. Kevin Frayer | Getty Images NBA players have been unusually quiet on China since the nation started severing ties with the league. That may stem from the private advice they are getting from sports agents …

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Uniqlo-owner Fast Retailing faces uncertainty despite record profits

Customers exit a Uniqlo store, operated by Fast Retailing Co., in Tokyo, Japan. Akio Kon | Bloomberg | Getty Images Japan’s Fast Retailing could see a “period of slow growth” despite recently announcing record profits, according to one analyst that spoke to CNBC on Friday. The firm, which owns apparel giant Uniqlo, said Thursday that …

Uniqlo-owner Fast Retailing faces uncertainty despite record profitsRead More