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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.
Source: Reuters | 2020/12/9 16:43:41

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.
Source: Xinhua | 2020/12/9 9:36:14

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.
Source: Global Times | 2020/12/8 17:58:43

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.
Source: Global Times | 2020/12/8 16:38:40

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.
Source: Global Times | 2020/12/8 12:43:58

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.
Source: Xinhua | 2020/12/7 14:34:22

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.
Source: Global Times | 2020/12/7 11:36:18

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.
Source: Global Times | 2020/12/6 20:34:20

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.
Source: Global Times | 2020/12/4 14:22:05

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.
Source: Global Times | 2020/12/4 13:51:10

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.
Source: Xinhua | 2020/12/4 17:38:44

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.
Source: Global Times | 2020/12/4 1:14:42

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.
Source: Global Times | 2020/12/3 19:48:40

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.
Source: Global Times | 2020/12/3 19:43:41

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.
Source: Global Times - Reuters | 2020/12/3 18:58:41

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.
Source: Global Times - Reuters | 2020/12/3 16:53:42

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.
Source: Global Times | 2020/12/3 13:08:40

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.
Source: Global Times | 2020/12/2 22:36:10