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Saudi PIF Tops Global Brand Value at $1.1 Bn

Saudi Arabia’s Public Investment Fund (PIF) has been ranked as the world’s most valuable sovereign wealth fund brand, outshining prominent asset management giants (Asharq Al-Awsat)
Saudi Arabia’s Public Investment Fund (PIF) has been ranked as the world’s most valuable sovereign wealth fund brand, outshining prominent asset management giants (Asharq Al-Awsat)
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Saudi PIF Tops Global Brand Value at $1.1 Bn

Saudi Arabia’s Public Investment Fund (PIF) has been ranked as the world’s most valuable sovereign wealth fund brand, outshining prominent asset management giants (Asharq Al-Awsat)
Saudi Arabia’s Public Investment Fund (PIF) has been ranked as the world’s most valuable sovereign wealth fund brand, outshining prominent asset management giants (Asharq Al-Awsat)

Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), has claimed the top spot globally as the most valuable brand, worth $1.1 billion, according to data from Brand Finance, a global brand valuation firm.

Brand Finance highlights the PIF’s strong brand appeal and ambitious growth plans, aiming to reach $2 trillion in managed assets by 2030.

The fund’s bold investment strategies have boosted its brand value and commercial strength.

With assets exceeding $930 billion, the PIF is a major global investor, shaping the future of the global economy by developing business sectors and creating new opportunities.

It also plays a crucial role in Saudi Arabia’s economic transformation, launching 94 new companies since 2017 and creating over 644,000 job opportunities domestically.

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E-commerce Giant Alibaba Has Completed 3-year 'Rectification' Period

Alibaba Group has completed three years "rectification" following a fine levied in 2021 for monopolistic behavior. Reuters
Alibaba Group has completed three years "rectification" following a fine levied in 2021 for monopolistic behavior. Reuters
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E-commerce Giant Alibaba Has Completed 3-year 'Rectification' Period

Alibaba Group has completed three years "rectification" following a fine levied in 2021 for monopolistic behavior. Reuters
Alibaba Group has completed three years "rectification" following a fine levied in 2021 for monopolistic behavior. Reuters

China's State Administration of Market Regulation issued a statement on Friday saying Alibaba Group had completed three years "rectification" following a fine levied in 2021 for monopolistic behavior.
In 2021, the regulator slapped a record $2.75 billion fine on the e-commerce giant for abusing its market position by forcing merchants on its platforms not to work with rival platforms.
The regulator's statement said Alibaba's rectification work had achieved "good results" and that it would continue to "guide" Alibaba to continue to "regulate its operations and improve its compliance and quality."
The fine levied on Alibaba in 2021 came during a period of intense scrutiny for the business empire founded by billionaire Jack Ma, Reuters reported. A $37 billion IPO by the finance arm he founded, Ant Group, was also scuttled following Ma's public critique of the country's regulatory system in late 2020.
Alibaba, in its own statement, described the regulator's announcement on Friday as a "new starting point for development" and said it would continue to "promote the healthy development of the platform economy and create more value for society."