Bloomberg After selling billions of dollars of debt backed by consumer loans in 2017, Chinese billionaire Jack Ma’s Ant Financial is pausing such fundraising as the government steps up curbs on micro lending. The company hasn’t sold any asset-backed securities (ABS) since early December, according to data compiled by Bloomberg and China Securitization Analytics. That marks an abrupt shift after ...

Bloomberg Samsung Electronics Co. missed analyst profit estimates as South Korea’s surging currency and year-end bonuses outweighed display orders from Apple Inc. for the new iPhone X. Operating income was 15.1 trillion won ($14.2 billion) in the three months ended in December, missing the average of estimates by 1 trillion won. Shares fell in Seoul after the result. Samsung is ...

Bloomberg Baidu Inc. unveiled a souped-up version of its open self-driving platform, declaring rapid progress with partners from Microsoft Corp. to TomTom NV in developing autonomous cars for China and beyond. China’s largest search engine used the Consumer Electronics Show in Las Vegas to announce an upgrade for its Apollo software, which it says will allow cars to drive on ...