Alibaba SEC Filing May Signal SoftBank Plans to Sell, Citi Says

Alibaba SEC Filing May Signal SoftBank Plans to Sell, Citi Says

(Bloomberg) — Alibaba Group Holding Ltd. registered one billion American depositary shares that hadn’t been registered before, suggesting SoftBank Group Corp. may intend to sell some of its shares. Most Read from Bloomberg Japan’s SoftBank backed Alibaba before its initial public offering so a large portion of its holdings in the company are not registered … Read more

Commerce Sec. Raimondo laboring to build bipartisan support for China bill

Commerce Sec. Raimondo laboring to build bipartisan support for China bill

Commerce Secretary Gina Raimondo has been laboring to get Republicans on board with the COMPETES Act but those efforts are meeting with resistance in the House. why it matters: The Republican opposition is forcing the White House to rely on Democrats in House, but officials are optimistic that bipartisanship will prevail in the Senate when … Read more