Filing: Shanghai-based self-driving company Banma aims to spin off from Alibaba via a Hong Kong IPO, reducing Alibaba’s stake from the current 44.72% to 30% (Aileen Chuang/South China Morning Post)

Aileen Chuang / South China Morning Post:
Filing: Shanghai-based self-driving company Banma aims to spin off from Alibaba via a Hong Kong IPO, reducing Alibaba’s stake from the current 44.72% to 30%  —  Alibaba’s stake in Banma will d…

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Bruce Lehrmann’s lawyer asks defamation appeal for more time to prepare but justices tell her ‘start now’

Zali Burrows told she has had ‘plenty’ of opportunity to consider issue in case despite repeated requests to adjourn earlyBruce Lehrmann’s defamation appeal lawyer has repeatedly asked the federal court to adjourn early to give her more time to prepare…

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Analysis: Baidu’s stock is trading at a forward P/E ratio of ~9.7, the lowest of any profitable Hang Seng Tech Index company, amid AI competitiveness concerns (Jeanny Yu/Bloomberg)

Jeanny Yu / Bloomberg:
Analysis: Baidu’s stock is trading at a forward P/E ratio of ~9.7, the lowest of any profitable Hang Seng Tech Index company, amid AI competitiveness concerns  —  Sharp stock underperformance for Baidu Inc. on c…

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