This investor is bullish on Alibaba, says now is a ‘great opportunity’ to buy

Lockdowns in China could be a boon for businesses like Alibaba, says Sam Le Cornu of Stonehorn Global Partners, who said his firm is buying more shares in the Chinese tech giant. “We’re increasing our position in Alibaba,” Le Cornu, CEO and co-founder at the investment management firm, told CNBC’s “Street Signs Asia” on Thursday. “Based on valuations and the earnings outlook, we see that it’s a buying opportunity.” As the pandemic stretches into its third year, China continues to press on in its strict zero-Covid strategy, with lockdowns being implemented…

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China’s tech services are a top investment pick amid decoupling with the US, says CITIC Capital CEO

Consumption, healthcare and technology are three sector picks for investing in China, said CITIC Capital’s top executive on Tuesday. “For us, the top priority … is still on consumption, because it’s still growing at a higher rate than GDP growth,” said Zhang Yichen, chairman and CEO at CITIC Capital, the flagship investment arm of Chinese state-owned conglomerate CITIC Group. China’s GDP growth was 6.1%, down from 6.6% in 2018 as the economy took a hit from its bitter trade war with the U.S. Speaking to CNBC at the World Economic Forum in Davos, Switzerland, Zhang said health care is…

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Warren Says Swift Change in Health Care Could Make People Uneasy

Elizabeth Warren said Saturday that a big change in the U.S. health-care system would make a lot of people “uneasy,” emphasizing she wouldn’t immediately push a full Medicare for All plan until people have three years to try it. At a town hall in Manchester, Iowa, one voter asked Warren why her Medicare for All plan would take three years to implement rather than putting it in place right away. She said the phase in would give her administration enough time to secure the congressional votes she would need to…

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Saw more merit in holding Raymond brand in the new lifestyle co, says CMD Gautam Singhania

A month after announcing demerger plans, Raymond has decided to modify its brand royalty policy and do away with any inter-company brand royalty contracts. “Originally the plan was that the new company, the lifestyle company would pay a royalty to the old company for the use of the brand name. However, we got feedback from investors and from various well-wishers that if we let the new company own the Raymond brand for its product categories, in perpetuity it would be more better for the new company,” said Gautam Singhania, CMD,…

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Conclave 2019: Genetics loads the gun lifestyle pulls the trigger, says Murali Doraiswamy

The second day of India Today Conclave 2019 Mumbai! On the second day of India Today Conclave 2019 Mumbai, Dr Murali Doraiswamy, who is a Physician and Futurist at the Duke University School of Medicine discussed the discoveries of the human brain and also gave a brief discussion about the genome and why it is the new gold. “There is an old saying about genetics. Genetics loads the gun lifestyle pulls the trigger all of us are different because of our different genes. We have 23 pairs of Chromosomes and…

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Lance Armstrong says his investment in Uber ‘saved our family’

Lance Armstrong on escaping a $100 million lawsuit and Uber   19 Hours Ago | 04:11 After Lance Armstrong’s fall from grace cost him millions of dollars in lost endorsements and lawsuit settlements, one thing kept him on his feet: his investment in Uber. “It’s saved our family,” Armstrong told CNBC’s Andrew Sorkin in an interview aired on Thursday. In 2009, the former pro cyclist invested $100,000 in Chris Sacca’s nascent venture capital firm, Lowercase Capital. Armstrong said the bulk of the money went to Uber, which at the time was…

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