The Walt Disney Company has reopened its biggest Asia resort after a four-month shutdown, as Shanghai’s health authorities eased restrictions on public gatherings after getting the coronavirus outbreak in the megacity of 24 million people under control. For more context: https://www.scmp.com/business/companies/article/3083743/disney-reopens-its-biggest-asia-resort-one-third-capacity...
(Bloomberg) -- JPMorgan Asset Management is betting that some Asian technology shares could double in value in three to five years as the global pandemic makes working and playing online a force of habit.“We are still finding most of these tech names to be offering 15% and 25% annualized expected return on a five-year view,” said Mark Davids, co-manager of the JPMorgan Asia Growth Fund. The technology “trends that existed prior to the coronavirus have been accelerated,” he added.Alibaba Group Holding Ltd., Tencent Holdings Ltd., Taiwan Semiconductor Manufacturing Co. and Samsung Electronics Co. are some of the fund’s biggest investments, according to its fact sheet. It has also added exposure to JD.com Inc. and Sea Ltd., Davids said.The bet is that those shares will help JPMorgan’s fund stay ahead of the competition -- it has been one of the top performers over the one-, three- and five-year time frames, according to...
(Bloomberg) -- JPMorgan Asset Management is betting that some Asian technology shares could double in value in three to five years as the global pandemic makes working and playing online a force of habit.“We are still finding most of these tech names to be offering 15% and 25% annualized expected return on a five-year view,” said Mark Davids, co-manager of the JPMorgan Asia Growth Fund. The technology “trends that existed prior to the coronavirus have been accelerated,” he added.Alibaba Group Holding Ltd., Tencent Holdings Ltd., Taiwan Semiconductor Manufacturing Co. and Samsung Electronics Co. are some of the fund’s biggest investments, according to its fact sheet. It has also added exposure to JD.com Inc. and Sea Ltd., Davids said.The bet is that those shares will help JPMorgan’s fund stay ahead of the competition -- it has been one of the top performers over the one-, three- and five-year time frames, according to...
Tesla Inc.'s (NASDAQ: TSLA) CEO was the subject of California State Assemblywoman Lorena Gonzalez's ire after he threatened to move the factory out of the state.What Happened In a social media outburst against Alameda County officials on Saturday, Elon Musk, CEO of Tesla, called the "Interim Health Officer" of the county "unelected & ignorant" and accused the official of acting "contrary to the Governor, the President, our Constitutional freedoms & just plain common sense!" Hours after Musk's tweets, Gonzalez responded to the Tesla executive, "F*ck Elon Musk."In another tweet, the Democratic assemblywoman said, "California has highly subsidized a company that has always disregarded worker safety & well-being, has engaged in union busting & bullies public servants. I probably could've expressed my frustration in a less aggressive way. Of course, no one would've cared if I tweeted that."Why It Matters Apart from threatening to file a lawsuit against Alameda County immediately, Musk...
May.10 -- Ron Merriman, managing director at consultancy MR ProFun China, talks about Monday's reopening of Shanghai Disneyland. To reach the gates of the theme park, guests have to pass through body temperature checks and show that their health status has been confirmed using a smartphone app for tracking infected persons. Masks are mandatory. Merriman speaks with Selina Wang and Rishaad Salamat on "Bloomberg Markets: China Open."...
