Bloomberg Ant Financial, the Chinese online finance behemoth that’s expected to seek an initial public offering, posted a 65 percent jump in profit in fiscal 2018 as it expanded its footprint in wealth management, consumer lending and overseas markets. The company controlled by Alibaba Group Holding Ltd.’s billionaire co-founder Jack Ma posted $1.4 billion in pretax profit in the year ...

Bloomberg Frenzied demand for Ping An Healthcare and Technology Co.’s initial public offering failed to translate into a strong debut. The company, known as Good Doctor, closed unchanged in the worst first-day performance by a technology company on the city’s main board since October 2014. That’s after the company drew HK$373 billion ($47.5 billion) of retail money for a $1.1 ...

Bloomberg In the middle of a brand-new four-lane highway cutting through southern Sri Lanka’s jungle, Vijitha Gamage and his family left large piles of freshly harvested rice paddy to dry on the baking asphalt. They didn’t need to dodge traffic. On a recent afternoon, the barely used highway built with Chinese money through a rural stretch of the island nation ...