China’s smartphone market prepares for reshuffling as latest sanctions against Huawei take effect on September 15, says TrendForce
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.
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.
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.
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.
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.
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.
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.
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.
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.