“Big Short” investor Michael Burry has swapped his Alibaba stake for a rival and said the Chinese tech giant’s latest fundraising has left him unwilling to buy back in. On Sunday, Burry wrote in a Substack post that he recently moved his entire Alibaba position into JD.com, increasing his stake in the rival Chinese e-commerce
Water is supposed to be the simplest thing we consume. The premium bottled water industry has transformed it into something that requires a backstory. Supermarket shelves now distinguish between glacial, iceberg, volcanic, spring, mineral, and alkaline water. Restaurants are introducing water menus, while trained water sommeliers assess bottles by their mineral composition, mouthfeel and provenance.
Authorities in China have launched an investigation into reports of formaldehyde being used to preserve the freshness of cabbages for human consumption. Officials in the northeastern Hebei province confirmed that they had verified footage showing individuals dipping cabbages in a solution before loading them onto trucks for transportation. An environmental blogger first released the footage
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Dirty Monkeys’ war comedy-drama “Once Upon a Time in the Middle East” held onto the No. 1 position at the mainland China box office during the Aug. 21–23 weekend, taking in RMB298.8 million ($43.9 million) in its second weekend of release, according to data from Artisan Gateway. Directed by Wen Muye (“Dying to Survive”) and
One of the hottest debates in the energy industry right now is how much oil is actually coming out of the Persian Gulf, and the answer could determine how long the Iran war lasts. Iran insists the Strait of Hormuz is closed and that it has control of the narrow waterway, which saw 20 million
