Bloomberg Alibaba Group Holding Ltd led an advance in US-listed Chinese stocks in premarket trading, with Ant Group Co’s approved fundraising plan boosting optimism that China’s regulatory clampdown on its internet sector is easing. Alibaba, which owns a stake in Ant, rallied 6.7%. Its e-commerce peers JD.com Inc and Pinduoduo Inc both traded up more than 4.5%. Chinese stocks …

  Bloomberg China is pausing massive investments aimed at building a chip industry to compete with the US, as a nationwide Covid resurgence strains the world’s No. 2 economy and Beijing’s finances. Top officials are discussing ways to move away from costly subsidies that have so far borne little fruit and encouraged both graft and American sanctions, people familiar with …

Bloomberg Activity in India’s dominant services sector grew at its fastest pace in six months in December, buoyed by fresh business orders and signaling optimism about Asia’s third-largest economy. The S&P Global India Services Purchasing Managers Index rose to 58.5 last month from 56.4 in November 2022, data showed. Helped by a strong performance in the manufacturing sector, the composite …