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Ma warns Alibaba, China to prepare for 20-year trade war

Bloomberg Alibaba Group Holding Ltd. co-founder Jack Ma cautioned China’s business and political leaders to prepare for the trade war with the US to last longer and have a bigger impact than most people think. China’s richest man said the dispute could last 20 years and persist beyond the presidency of Donald Trump, as the world’s two strongest economic powers ...

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Beijing decreases US Treasury holdings as trade war intensifies

Bloomberg China’s holdings of US Treasuries fell to a six-month low in July, just as a trade war between the world’s two largest economies began heating up. China’s ownership of US bonds, bills and notes slipped to $1.17 trillion, the lowest level since January and down from $1.18 trillion in June, according to data released by the Treasury Department. Japan, ...

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SK Group to acquire $470mn stake in Vietnam’s Masan

Bloomberg SK Holdings Co. is acquiring the largest foreign stake in Masan Group Corp. for about $470 million, in a deal that will value the Vietnamese diversified business group at about $5 billion. The South Korean group, which has businesses ranging from telecommunications to service sectors, will buy Masan Group’s entire 109.9 million treasury shares for $4.29 each, the companies ...

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