Good Morning. Welcome to The Wire’s daily news roundup. Each day, our staff gathers the top China business, finance, and economics headlines from a selection of the world’s leading news organizations.
The Wall Street Journal
Inside Ant Group’s Giant Valuation: One Billion Alipay Users and Big Profit Margins — The Chinese financial-technology giant controlled by billionaire Jack Ma showed how highly profitable its business has been as it gears up for what is likely to be a record-breaking IPO.U.S.-China Trade Talks Boost Global Stocks — Futures tied to the S&P 500 rose, suggesting the benchmark index may advance to a fresh record at the opening bell.In China’s Cutthroat E-Commerce World, Only Growth Matters — Investors punished Pinduoduo and rewarded Alibaba and JD after their quarterly results. Chinese e-commerce companies need to deliver growth to meet rising expectations.China Will Maintain ‘Normal’ Monetary Policy, PBOC Says — China needs to provide
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