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Alibaba replaces CEO of Southeast Asian arm Lazada

Bloomberg Alibaba Group Holding Ltd has appointed a longtime veteran to replace Pierre Poignant as Lazada Group CEO, the latest top-level reshuffle at the Chinese e-commerce titan’s Southeast Asian operation. Chun Li, who currently runs Lazada’s Indonesian business, will take the reins from July, Lazada said in a statement. Li served as chief technology officer for Alibaba’s business-to-business division between ...

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China approves Hong Kong security law, risking US anger

Bloomberg China’s top legislative body approved a landmark national security law for Hong Kong, a sweeping attempt to quell dissent that drew fresh US retaliation and could endanger the city’s appeal as a financial hub. The National People’s Congress Standing Committee voted unanimously to approve the law on the former British colony as a three-day meeting began to wrap up ...

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Biden to assail Trump’s handling of virus pandemic

Bloomberg Joe Biden is set to sharply criticise Donald Trump’s stewardship of the response to the coronavirus pandemic, saying the president is dismissing the threat of the virus as cases surge. More than six months after the first reported Covid-19 case in the US, Biden on Tuesday will deliver a speech in Wilmington, Delaware, outlining what he will call a ...

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