By NEW YORK (Reuters) - Global stock markets surged for a second day on Tuesday, spurred by increased optimism about more U.S. stimulus and the economic recovery, while retail investors retreated from GameStop and fleeting interest in silver, causing their prices to tumble.The party for the Reddit-inspired trading frenzy that pushed GameStop’s stock up five-fold in five days last week appeared over as its shares plunged 60% in heavy trade to close at $90.00, less than one-fifth of an all-time peak on Friday.Silver prices also fell on Tuesday, sliding 8.5% to $26.54, after exchange operator...…By NEW YORK (Reuters) - Global stock markets surged for a second day on Tuesday, spurred by increased optimism about more U.S. stimulus and the economic recovery, while retail investors retreated from GameStop and fleeting interest in silver, causing their prices to tumble.The party for the Reddit-inspired trading frenzy that pushed GameStop’s stock up five-fold in five days last week appeared over as its shares plunged 60% in heavy trade to close at $90.00, less than one-fifth of an all-time peak on Friday.Silver prices also fell on Tuesday, sliding 8.5% to $26.54, after exchange operator...WW…

Register now for FREE unlimited access to Reuters.comHONG KONG, Jan 13 (Reuters) - The chairman of private equity firm Primavera Group, which counts China's Ant Group among its portfolio companies, believes the financial technology giant's founder Jack Ma is "safe and sound", and said that he remains optimistic about the company.The comments by Fred Hu come as Chinese regulators are investigating e-commerce giant Alibaba and its affiliate Ant after abruptly cancelling the latter's initial public offering (IPO) in November last year.Alibaba founder Jack Ma, who also controls Ant, has not...…Register now for FREE unlimited access to Reuters.comHONG KONG, Jan 13 (Reuters) - The chairman of private equity firm Primavera Group, which counts China's Ant Group among its portfolio companies, believes the financial technology giant's founder Jack Ma is "safe and sound", and said that he remains optimistic about the company.The comments by Fred Hu come as Chinese regulators are investigating e-commerce giant Alibaba and its affiliate Ant after abruptly cancelling the latter's initial public offering (IPO) in November last year.Alibaba founder Jack Ma, who also controls Ant, has not...WW…

By , , HONG KONG/BEIJING (Reuters) -China has launched an antitrust investigation into Alibaba Group and will summon the tech giant’s Ant Group affiliate to meet in coming days, regulators said on Thursday, in the latest blow for Jack Ma’s e-commerce and fintech empire.The probe is part of an accelerating crackdown on anticompetitive behaviour in China’s booming internet space, and the latest setback for Ma, the 56-year-old former school teacher who founded Alibaba and became China’s most famous entrepreneur.It follows China’s dramatic suspension last month of Ant’s planned $37 billion...…By , , HONG KONG/BEIJING (Reuters) -China has launched an antitrust investigation into Alibaba Group and will summon the tech giant’s Ant Group affiliate to meet in coming days, regulators said on Thursday, in the latest blow for Jack Ma’s e-commerce and fintech empire.The probe is part of an accelerating crackdown on anticompetitive behaviour in China’s booming internet space, and the latest setback for Ma, the 56-year-old former school teacher who founded Alibaba and became China’s most famous entrepreneur.It follows China’s dramatic suspension last month of Ant’s planned $37 billion...WW…

By , HONG KONG/BEIJING(Reuters) - Challenged by the arrival of Tesla in China last year, domestic electric vehicle (EV) start-ups were struggling even before the economic shock wrought by the coronavirus, but now for some it has become a battle for survival.“The difficulties that EV start-ups have encountered, such as the auto sales decline, harsh fundraising environment and subsidies reduction, all started last year,” said Brian Gu, president of Alibaba-backed Xpeng Motors.“The outbreak will aggravate these issues that already had existed,” said Gu, whose firm delivered 16,000 vehicles in...…By , HONG KONG/BEIJING(Reuters) - Challenged by the arrival of Tesla in China last year, domestic electric vehicle (EV) start-ups were struggling even before the economic shock wrought by the coronavirus, but now for some it has become a battle for survival.“The difficulties that EV start-ups have encountered, such as the auto sales decline, harsh fundraising environment and subsidies reduction, all started last year,” said Brian Gu, president of Alibaba-backed Xpeng Motors.“The outbreak will aggravate these issues that already had existed,” said Gu, whose firm delivered 16,000 vehicles in...WW…