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JD.com to spin off health unit, list in Hong Kong
Chinese e-commerce retailer JD.com 9618.HK is planning to spin off its health unit and list it on the Hong Kong stock exchange, the New York-listed company said on Monday, a move that follows escalating Sino-U.S. political tensions.
21
Alibaba's Ant Group Lifts Its IPO Proceeds Target to USD 35 Billion
According to industry sources, Chinese fintech giant Ant Group, which has earlier filed for a double-IPO in Hong Kong and on Shanghai's tech board (the Star Market), has increased the amount of capital it is willing to raise through this offering to USD 35 billion.
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ByteDance says it will not transfer algorithm and technology to Oracle as part of TikTok deal
ByteDance will not transfer algorithms and technologies to Oracle as part of a deal announced over the weekend to keep social media app TikTok operating in the U.S.
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Germany pushes up 2021 debt plans to nearly 100 billion euros
German Finance Minister Olaf Scholz plans to take on net new debt of nearly 100 billion euros ($118 billion) next year to fight the coronavirus pandemic, four people familiar with the matter told Reuters on Thursday.
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TikTok-Oracle deal: US President Trump likely to take a decision within next 24-36 hours
A decision on the TikTok-Oracle deal is likely to be taken by United States President Donald Trump in the next 24-36 hours, sources told CNBC. This comes after he reportedly questioned ByteDance retaining a majority stake in TikTok's US operations.
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Kuaishou Logs 500 Million Online Shopping Orders in August
Chinese short video company Kuaishou is redoubling efforts to build its e-commerce empire in the hope of becoming a major online shopping platform able to take on bigger rivals like Alibaba and JD.com.
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Alibaba Cloud unveils ‘cloud computer’, delivery robot
Chinese cloud giant Alibaba Cloud has developed a thin-client PC that will alleviate the need for powerful desktop hardware to perform compute-intensive tasks.
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Ray Dalio warns the US is in a period of 'great risk'
Ray Dalio told Bloomberg on Tuesday that the US is currently in a period of "great risk" because of rising deficits and the upcoming election, and the most important thing for investors will be to know how to diversify well.
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Alibaba Group opens China factory as part of new manufacturing initiative
Alibaba Group Holding Ltd on Wednesday unveiled a pilot factory in the eastern Chinese city of Hangzhou as part of its "smart manufacturing" business initiative.
10
A14X Chip for First Apple Silicon Mac and New iPad Pro to Enter Mass Production in Fourth Quarter
Apple's 5-nanometer-based A14X processor, which is destined for the first Apple Silicon Mac and the next-generation iPad Pro, will enter mass production in the fourth quarter of this year, reports DigiTimes.
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HSBC plans to eliminate more banking fees in Hong Kong as virtual lenders disrupt troubled industry
A pedestrian walks past an HSBC branch in Hong Kong. The bank will eliminate more fees from November to fend of competition. Photo: BloombergA pedestrian walks past an HSBC branch in Hong Kong. The bank will eliminate more fees from November to fend of competition. Photo: Bloomberg
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U.S. firms in China increasingly fear soured ties will last for years: survey
U.S. companies in China are increasingly fretful that trade tensions between the world’s two biggest economies will drag out over years and nearly a third said their ability to retain staff had been affected, a survey showed.
9
Samsung and SK Hynix reportedly cutting off chip sales to Huawei
Samsung and SK Hynix will reportedly stop selling components to Huawei as the Trump administration tightens sanctions on the Chinese phone maker. According to Chosun Ilbo and other Korean news outlets, the companies will suspend trade on September 15th, the day a new set of rules limits dealing with Huawei.
2
Australia's GDP plunged 7% from first three months of the year
Australia’s economy contracted by the most on record last quarter, with the recovery from the nation’s first recession in almost 30 years buffeted by Victoria state’s renewed Covid outbreak and lockdown.
2
Moody’s raises growth forecast for China
Moody’s raised its growth forecast for China’s 2020 GDP to 1.9 percent from 1 percent in the August update of its Global Macro Outlook.
1
Abe right-hand man Yoshihide Suga emerges as a top pick to replace him
Yoshihide Suga, the chief Cabinet secretary who has been Prime Minister Shinzo Abe’s right-hand man for nearly eight years, on Sunday emerged as a leading candidate to take over the nation’s highest political position.
1
White House to target more Chinese apps following TikTok, WeChat crackdowns: Navarro
The Trump administration has cracked down on popular Chinese apps TikTok and WeChat but has more apps in its sights, White House trade adviser Peter Navarro said on Monday.
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Yum China seeking to kick off secondary listing in Hong Kong as soon as next week
Yum China, the operator of Pizza Hut and KFC in the mainland, is seeking to kick off secondary listing in Hong Kong as soon as next week, aiming to raise US$2 billion (HK$15.6 billion), mainland media reported.
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Japan's PM Abe to step down after record-long tenure
Japanese Prime Minister Shinzo Abe will step down from his post due to health concerns, a source from his ruling Liberal Democratic Party said Friday.
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Japan PM Abe reassures on health after second hospital visit
Japanese Prime Minister Shinzo Abe, who suffers from an inflammatory bowel disease, returned from a check-up at a Tokyo hospital on Monday to reassure the media over the state of health and insist he wanted to do the best job possible.