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Alipay and Tianhong launched a new fund and payment platform - called Yu E Bao, or "leftover treasure" in Chinese - in June to help Alipay customers convert spare cash into a money market fund holding.
âI don't know what I'm going to do,â said Newman, who will be replaced by Kevin Harvick at SHR next year. âObviously this is a good step in publicity for me on the positive side, so we'll see what we can do tomorrow.â
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Mr Loeb said: “Sotheby’s is struggling internationally, lagging in newer markets like China and the Middle East, where Christie’s has established significant customer relationships.”
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