Tag: advisor

alibaba

Updates on Alibaba

Alibaba continues to grow as it strengthens its financial reach in regards to the insurance industry. Alibaba Group Holding Ltd. plans to invest 1.2 billion yuan or $188 million into a Chinese unit of Cathay Financial Holding Co. According to an official statement released on Monday Zhejiang Ant Small & Micro Financial Services Group Co. is buying a 60% stake in Cathay Insurance Co. The two companies plan on working together in order to grow and increase cooperation with regards to cloud computing. Read more →

stocks

Breaking News: August 24th Stock Market

It’s no secret the stock market has been in shambles of late. While the mayhem has been disappointing to many, what has been even more disappointing is the flaws in Wall Street that are now being exposed. Many traders have struggled in buying and selling exchange-traded funds (ETFs). An ETF is marketable security that tracks an index, a commodity, bonds, or a basket of assets like an index fund. An ETF trades like common stocks Netflix (NFLX) or Apple (AAPL) would.
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