Blue Moon raises $1.27 billion in Hong Kong's rush of mega IPOs
Chinese detergent maker Blue Moon Group Holdings has become the latest in a record number of companies to raise at least $1 billion in a Hong Kong IPO in 2020 after pricing its shares at HK$13.16, according to three sources with direct knowledge of the matter.
Brazilian VP says 5G could cost more without Huawei
Consumers may have to pay more for the fifth-generation (5G) technology if Chinese telecom company Huawei is not a provider, said Brazilian Vice President Hamilton Mourao on Monday.
Trump administration loses more legal ground in targeting TikTok
Following earlier injunctions issued by US federal judges involving President Trump's order outlawing the operation of Chinese-owned video-sharing app TikTok in the US, the Trump administration met another blockage issued by another US court.
Regulator indicates heightening scrutiny of giant fintech platforms
China's banking and insurance regulator on Tuesday called attention to a new type of too-big-to-fail financial risk, as some technology majors like Ant Group that have extended their footprint into the financial sector stokes rising concerns over possible systemic risks.
Finland's new telecoms law 'leaves room for Nokia in China'
Finland on Monday approved a bill that could be used to exclude Huawei from its networks, while analysts said that the “flexible” law – without pointing to any specific vendor like its neighbor Sweden – may leave more room for negotiating more interests for its 5G network-maker Nokia in China.
China's development increases Bayer's confidence and determination to invest
Bayer, an innovative company with core competencies in health care and agriculture, has not only stepped up its investment in the Chinese market, but also deepened its integration into China's economic and societal development.
TikTok highest grossing non-gaming mobile app worldwide in November
TikTok and its Chinese sister-app Douyin, both owned by Chinese tech firm ByteDance, ranked as the highest global non-gaming mobile app in November, generating revenue of $123 million, which is 3.7 times higher than at the same time last year, according to a report by research firm SensorTower.
Ball to be in Biden's court, TikTok talks likely to continue: analysts
Following two earlier extensions, the White House again offered more time for Chinese video-sharing platform TikTok to steer toward a deal instead of being forced to sell its assets in the US.
US' plea deal for Huawei's Meng Wanzhou shows doubts about win: lawyer
The US side has doubts about winning the Meng Wanzhou case by reportedly offering a plea deal, while whether to take a deal must be Meng's decision alone, a lawyer said on Friday.
US urged to stop abusing 'state power' in crackdown on Chinese firms
China's leading chipmaker Semiconductor Manufacturing International Corporation (SMIC) said on Friday that the US' blacklisting would not result in any major impacts on its operations and denied US allegations over its relationship with the Chinese military.
European operators should have freedom to choose 5G suppliers: Huawei executive
Chinese telecom company Huawei has every interest in helping the European Union (EU) be the world leader in 5G networks, and European operators should have the freedom to choose suppliers, Huawei vice president for Europe Abraham Liu said Thursday.
Chinese company wins bid for the first phase of the African CDC project
A Chinese company wins bid for the first phase of the African Center for Disease Control and Prevention project (African CDC) of the African Union on Wednesday. A milestone in cooperation between China and African countries to strengthen their public health and epidemic prevention systems.
Expectations for Biden lifting US tariffs dims after clear signal
Market expectations for US President-elect Joe Biden to remove costly tariffs on hundreds of billions of dollars worth of Chinese products, which have been ruled illegal by the WTO and drawn court action by 3,500 US companies, have dimmed after Biden signaled that he might continue the trade war launched by incumbent Donald Trump.
Huawei reaffirms commitment to Europe amid uncertainties in 5G policy
Chinese tech giant Huawei reaffirmed its commitment to European market during the annual European Innovation Day held in Germany online on Thursday, vowing to strengthen cooperation with local firms, and boost the development of small and medium-sized enterprises (SMEs) through its technological strength.
Business reshaped by global pandemic
While the COVID-19 epidemic has hampered some industries in terms of people-to-people exchanges, some others benefited from new sources of demand, including disease prevention and control. That's led to a rise in merger and acquisition (M&A) deals in some sectors.
Airbnb to crash through pandemic
Airbnb Inc said on Tuesday it is aiming for a valuation of up to $34.8 billion in its initial public offering (IPO), in what would cap a stunning recovery in its fortunes after the US home rental firm's business was heavily damaged by the COVID-19 pandemic earlier this year.
China put the middle section of the China-Russia east route natural gas project into use
The middle section of the China-Russia east route natural gas project began operation on Thursday, providing a stable natural gas supply to the Beijing-Tianjin-Hebei region, according to a release by the China Oil & Gas Piping Network Corporation.
Gay dating app's owner BlueCity achieves adjusted net profit for the first time in Q3
One of the LGBTQ community's largest social media companies in Asia, BlueCity Holdings, which owns China's biggest dating app for gay men, earned adjusted net profit for the first time on the heels of recent global expansion.