Truce brakes Evergrande’s bad bet on Tesla wannabe 2 Jan 2019 The Hong Kong-listed conglomerate has ended a legal spat with electric-vehicle developer Faraday Future over a soured $2 bln investment. It seems unlikely that Evergrande's stake in the troubled Chinese carmaker will ever pay off, but this deal at least limits the downside.
Chinese stocks are cheap for good reason in 2019 2 Jan 2019 Shanghai’s bourse lost a quarter of its value last year, despite official pep talks. Now it looks a bargain, compared to past levels and other exchanges. But investors won’t be going hog wild: the economic outlook for the Year of the Pig is the most uncertain in over a decade.
Superapps will starve the rest in Southeast Asia 2 Jan 2019 Cash is being lavished on giants, Grab and Go-Jek, which dabble in everything from ride-hailing to groceries. It’s a Chinese approach to snaring online consumers. As investors follow SoftBank and Tencent’s seal, the gap will widen between these “do it all” outfits and the rest.