BEIJING — U.S. credit card giant Visa announced Tuesday it had received approval from the People's Bank of China for setting up a bank card clearing business in the country.
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Investors looking to boost their exposure to artificial intelligence should target China, according to Matthews Asia portfolio manager Andrew Mattock.
Alibaba shares plunged as much as 10% in Hong Kong on Monday after the Chinese tech giant priced an 80 billion Hong Kong dollar ($10.20 billion) placement of newly issued shares to non-U.S. investors.
