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North American Morning Briefing:Powell in Focus -2-

North American Morning Briefing:Powell in Focus -2-
morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.

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Suning s Billionaire Chairman Quits After China-Led Bailout

Billionaire Chairman Quits After Suning’s China-Led Bailout Bloomberg 4 hrs ago Blake Schmidt © Getty Images via Bloomberg Suning Smart Retail Development Strategy Press Release And Partnership Agreement Signing Ceremony (Bloomberg) Zhang Jindong has stepped down as the chairman of Chinese retail giant Suning.Com Co. after losing control of his firm following a government-led bailout. Popular Searches The company announced his resignation in a filing with the Shenzhen stock exchange on Monday, adding that Zhang will be appointed honorary chairman to guide the firm’s future growth. Zhang, 58, lost control of Suning when the business sold a 16.96% stake to a state-backed consortium for a $1.36 billion bailout last week.

Bu yangBloomberg zhang jindongHaier group coMidea group coXiaomi corpTechnology group corpAlibaba group holding ltdSuning appliance group coSuning com coChina evergrande groupGetty imagesSuning comAlibaba group holdingMidea groupInter milanChina evergrande

North American Morning Briefing: Stock Futures -3-

North American Morning Briefing: Stock Futures -3-
morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.

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China State Fund That Includes Alibaba to Invest in Suning Unit

China State Fund That Includes Alibaba to Invest in Suning Unit Bloomberg News, Bloomberg News (Bloomberg) A Chinese state-backed fund will take a stake in the retail arm of billionaire Zhang Jindongâs Suning empire, marking another step in Beijingâs efforts to clean up its heavily indebted conglomerates. The fund, led by the Nanjing state asset management committee and the Jiangsu provincial government, will take a 16.96% stake in Suning.com Co. at 5.59 yuan a share, according to a statement Monday. Thatâs the same price the stock was trading at before it was halted June 16, valuing the deal at about 8.8 billion yuan ($1.36 billion).

Bu yangZhang jindong suningAlibaba group holding ltdHaier group coSuning appliance group coMidea group coXiaomi corpTechnology group corpChina evergrande groupZhang jindongGroup holdingMidea groupHaier groupஅலிபாபா குழு வைத்திருத்தல் லிமிடெட்மீடெஅ குழு இணைகிஷியாொமி கார்ப்

Chinese state, Alibaba bail out retail arm of Suning

Chinese state, Alibaba bail out retail arm of Suning
taipeitimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from taipeitimes.com Daily Mail and Mail on Sunday newspapers.

Zhang jindongHaier group coMidea group coXiaomi corpTechnology group corpSuning holdings groupAlibaba group holding ltdAsset management committeeSuning appliance group coChina evergrande groupNanjing state asset management committeeGroup holding ltdInter milanஜாங் ஜிண்டோங்மீடெஅ குழு இணைகிஷியாொமி கார்ப்