I guess a handshake with POTUS-to-be wasn’t a help after all. A year after Chinese billionaire Jack Ma met US President-elect Donald Trump, the founder of Alibaba Group Holding Ltd. has finally given up on his bid to buy MoneyGram International Inc. for $18 per share. The Committee on Foreign Investment in the US dragged its feet on giving the ...

Five years after two high-speed trains collided in the eastern city of Wenzhou, China’s railway companies are making a comeback. It’s not easy to find value after a 51 percent rally in the MSCI China Index during 2017. So lately, sell-side banks have been telling their clients a rail renaissance story. CRRC Corp., the world’s largest maker of equipment for ...

For the social-media business, this New Year is one of grim tidings. Every day, it seems, pioneers in the field are offering mea culpas — airing regrets, expressing caution, apologizing for a technology that seems to have run amok. One former Facebook Inc. executive recently conceded that the network is “ripping apart the social fabric.” A former engineer has warned ...