Shopping Spree China

Chinese e-commerce giant Alibaba said sales topped 10 billion yuan ($1.51 billion) in just over three minutes from the opening of Singles' Day, an annual online discount sales gala that has become the world's biggest shopping spree.

Beijing is tightening screening on Chinese companies' overseas investments, according to the government and reports, after a record-setting shopping spree raised concerns of capital flight and reckless spending.

Mutual fund managers continued their shopping spree in September, net buying shares worth close to Rs 8,700 crore amid sluggish equity market trends.

Chinese e-commerce giant Alibaba said sales topped 10 billion yuan ($1.51 billion) in just over three minutes from the opening of Singles' Day, an annual online discount sales gala that has become the world's biggest shopping spree.

Beijing is tightening screening on Chinese companies' overseas investments, according to the government and reports, after a record-setting shopping spree raised concerns of capital flight and reckless spending.

Mutual fund managers continued their shopping spree in September, net buying shares worth close to Rs 8,700 crore amid sluggish equity market trends.