Alibaba to sell gaming arm for $1.5 bln as AI focus intensifies – Bloomberg

The US lender applied in late 2021 for a licence to establish a fully owned mainland brokerage arm. Credit: Tada Images/ Shutterstock.com. Citigroup is expected to secure Chinese regulatory clearance for its fully owned brokerage operation in mainland China as early as this month, with plans to recruit several dozen employees for the business in…

Hedging, Data Mapping, BER Letter, PPE Tools; AI Ramifications; Atty. Mitch Kider Joins Big Picture Nearly every lender is at least learning about AI, but on the flip side there are things like New York’s ban on data centers. Lenders and vendors are not the only ones riding the tech wave, and no…

MAC Cosmetics is getting a makeover in SoHo. The global beauty brand inked a 5,300-square-foot lease at 579 Broadway, a landmarked cast-iron building between Prince and East Houston streets. MAC is relocating from 506 Broadway and will occupy the ground floor and lower level of the five-story mixed-use property, according to a press release from…

Most estate plans written before this year that contain a formula funding clause are now doing something their authors never intended. The One Big Beautiful Bill Act (OBBBA), signed in July 2025, set the federal estate, gift and generation-skipping transfer (GST) tax exemption permanently at $15 million per individual and $30 million for a married…

In This Article Editor’s Note: Thanks for reading! As a special offer for our readers, save $100 on your ticket to BPCON2026—BiggerPockets’ annual real estate investing conference—using code MYRE100 at checkout. Plot twist: Remember when everyone not so long ago declared that short-term rental investing was over because the market was saturated? Well, that appears to have changed, according…

China vows response if EU introduces moves targeting Chinese trade