How Alibaba overcame Beijing’s crackdown to become an AI giant

How Alibaba overcame Beijing’s crackdown to become an AI giant

On a cold November evening in Shanghai in 2020, the world’s largest IPO was abruptly canceled by Chinese regulators. It was Ant Group, the fintech affiliate of tech giant Alibaba. The company’s founder Jack Ma, one of China’s most famous billionaires, was under scrutiny for comments seemingly criticising the country’s financial regulators.   What followed was four years of…

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Singapore inflation climbs for second straight month as October CPI tops estimates

Singapore inflation climbs for second straight month as October CPI tops estimates

Restaurants and bars in the Boat Quay district in Singapore, on Wednesday, May 17, 2023. Bloomberg | Bloomberg | Getty Images Singapore’s inflation rate climbed for a second straight month, year on year, with price growth in October topping analysts’ expectations. After hitting a four-year low in August, consumer prices rose 1.2%, compared with the…

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