7
China July exports rise at fastest pace in seven months, but imports fall
China’s exports rose at the fastest pace in seven months in July, while imports declined, painting a mixed picture for the economy as it recovers from its pandemic-induced slump.
7
TikTok and WeChat: Trump signs orders on 'threat' of major Chinese apps
US President Donald Trump has signed executive orders targeting TikTok and WeChat, two of China's biggest apps. Under the orders, US firms must stop doing business with the companies within 45 days.
5
Japan to extend special employment subsidy for firms
Japan’s labour ministry is working to extend a special employment subsidy to help firms hit by the coronavirus pandemic that would keep furloughed workers on the payroll, the Nikkei business daily reported on Wednesday.
5
Tencent in Talks to Create $10 Billion Streaming Giant
Tencent Holdings Ltd. is driving discussions to merge China’s biggest game-streaming platforms Huya Inc. and DouYu International Holdings Ltd., people familiar with the matter said, in a deal that would allow it to dominate the $3.4 billion arena.
4
Alibaba's Ant targets largest-ever $30bn IPO: report
Ant Group, the fintech affiliate of Chinese e-commerce leader Alibaba Group Holding, is looking to raise a record $30 billion in its planned IPO, Chinese financial and business news media group Caixin reported on Monday.
4
Trump says nationwide lockdown would ‘ultimately inflict more harm than it would prevent’
President Donald Trump insisted Monday that shutting down the United States in an attempt to curb the coronavirus would cause more harm than good, doubling down on previous comments that he would not call for a nationwide lockdown.
3
China factory activity expands at fastest pace in nearly a decade: Caixin PMI
China’s factory activity expanded at the fastest pace in nearly a decade in July as domestic demand continued to improve after the coronavirus crisis, though export orders and employment remained weak, a private business survey showed on Monday.
3
Samsung crafts India comeback as anti-China wave surges
Samsung Electronics Co Ltd (005930.KS) is forging a comeback in India’s smartphone market with a new range of budget devices and a ramped-up online presence, aiming to recoup ground ceded to Chinese rivals such as Xiaomi Corp (1810.HK).
3
Microsoft pursuing TikTok purchase by September 15th, may invite U.S. investors to deal
Microsoft has posted a statement today on its corporate blog that says it will continue discussions on a potential TikTok purchase in the U.S.. As a part of the statement, it says that it may invite other “American investors” to participate on a minority basis.
31
Xpeng Motors has made a confidential filing for a listing in the US
Guangzhou-based Xpeng Motors has filed confidentially to list in the US but has not yet chosen between Nasdaq or the New York Stock Exchange, according to a person familiar with the matter.
31
Amazon vows to invest $10B in Kuiper satellites after getting FCC’s go-ahead
The Federal Communications Commission has authorized Amazon’s plans for a Project Kuiper constellation of 3,236 satellites that would provide broadband internet access across a wide swath of the globe — but on the condition that it doesn’t unduly interfere with previously authorized satellite ventures.
30
EU watchdog tells banks to get ready for full Brexit
Banks using Britain as a gateway to the European Union must fully execute their plans for serving the bloc's customers before a Brexit transition period ends in December, the EU's banking watchdog said on Wednesday.
30
Huawei overtakes Samsung to be No. 1 smartphone player in the world thanks to China as overseas sales drop
Huawei became the biggest smartphone player in the world in the second quarter for the first time, a new report by Canalys shows.
29
Air travel will not recover until 2024 – IATA
The International Air Transport Association (IATA) has released an updated global passenger forecast predicting that air travel will not return to pre-COVID-19 levels until 2024, a year later than previously projected.
29
China Three Gorges Mulls $4 Billion Stake Sale in Overseas Unit
China Three Gorges Corp. is exploring selling a stake worth as much as $4 billion in the state-owned power company’s overseas asset portfolio, according to people familiar with the matter.
28
Fitch affirms China’s A+ rating, expects 2.7% GDP growth this year
Rating agency Fitch said it affirmed China’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘A+’ with a Stable Outlook.
27
Credit Suisse Invested $100 Million in Ant, Setting up Windfall
Credit Suisse Group AG invested nearly $100 million in Ant Group during its last funding round, according to people familiar with the matter, setting the Swiss bank up for a potential windfall as the Chinese internet giant prepares to go public.
27
Fund managers expect ETFs tracking Hang Seng Tech Index to take off
The new Hang Seng Tech Index will allow fund houses to introduce exchange traded funds (ETF) to track the tech sector and enable passive fund managers to invest in the booming sector and promote Hong Kong as a listing hub, according to fund managers.
24
TikTok unveils $200 million fund for U.S. creators
TikTok today announced a $200 million fund, aimed at helping top creators in the U.S. supplement their earnings, and potentially coax the next Charli D’Amelio out of the woodwork.
24
Xi stresses building strong domestic automobile brands
Xi Jinping, general secretary of the Communist Party of China Central Committee, on Thursday stressed aspirations and efforts to build strong domestic automobile brands.