Extolling communism, Xi Jinping declares China committed to 'transforming global governance'

TAIPEI (Taiwan News) -- On Tuesday in Beijing, the Chinese Communist Party under Xi Jinping held a ceremony to mark 40 years since the conclave that saw the party begin its process of market reforms u...

Jack Ma confirmed to be member of Chinese Communist Party

TAIPEI (Taiwan News) -- Jack Ma, China's richest man and owner of Alibaba and South China Morning Post, was confirmed to be a member of the Chinese Communist Party (CCP) by China's state-run m...

China's annual shopping frenzy shatters records again

SHANGHAI (AP) — Online shoppers spent more than $14 billion within the first two hours of China's annual buying frenzy on Sunday, once again breaking records as the consumer tradition enters its 10th ...

UEFA gets $230M sponsorship from Chinese payment platform

SHANGHAI (AP) — UEFA has secured more than 200 million euros ($230 million) from Chinese online payments platform Alipay to sponsor leading European soccer competitions. UEFA Preside...

Jack Ma warns US-China trade war would 'hurt everybody'

GENEVA (AP) — Alibaba founder Jack Ma says the trade dispute between the U.S. and China could "unfortunately" last 20 years. However, he expressed hope a solution could be reached as...

Jack Ma retiring may signal conflict with Xi Jinping and Chinese govt: reports

TAIPEI (Taiwan News) – Following the announcement that Jack Ma, the chairman of e-commerce giant Alibaba would retire in September 2019, and hand the reins of the company to current CEO Daniel Z...

Business Highlights

___ CBS sets aside $120 million for Moonves, but will he see it? NEW YORK (AP) — CBS says it sets aside $120 million in severance for ousted chief executive Leslie ...

United Rentals and GE climb while CBS and Apple drop

NEW YORK (AP) — Stocks that moved substantially or traded heavily Monday: Apple Inc., down $2.97 to $218.33 The company said that tariffs on Chinese imports would l...

Industrial and consumer stocks lead rebound in US indexes

NEW YORK (AP) — U.S. stocks are rising Monday morning as major stock indexes rebound from the previous week's losses. Industrial and retail stocks are up while technology companies are little changed....

Markets Right Now: S&P 500 index opens higher after 4 losses

NEW YORK (AP) — The latest on developments in financial markets (all times local): 9:35 a.m. Stocks are opening higher on Wall Street as the market comes off four s...

Alibaba: Jack Ma to step down as chairman in September 2019

BEIJING (AP) — E-commerce giant Alibaba Group says founder Jack Ma will step down as chairman in September 2019. The company announced Monday that Ma will be succeeded by Daniel Zhan...

Alibaba: Founder Jack Ma to step down as chairman in September 2019

BEIJING (AP) — Alibaba: Founder Jack Ma to step down as chairman in September 2019.

Report: Alibaba co-founder Jack Ma to retire

SAN FRANCISCO (AP) — The New York Times is reporting that Jack Ma, the co-founder and executive chairman of Chinese e-commerce behemoth Alibaba Group, is retiring. The Times said tha...

Chinese e-merchant built fortune on pledge of honesty

BEIJING (AP) — The Chinese e-commerce billionaire who faces a possible rape accusation in Minneapolis built his business by promising honesty in a market plagued by fraud and fakes. ...

Asian Games close: Indonesia shows it’s the ‘Energy of Asia’

JAKARTA, Indonesia (AP) — Indonesia billed itself the “Energy of Asia” during the Asian Games, which closed Sunday in a ceremony emphasizing the country’s diversity and the tie...