China’s ByteDance said on Monday that TikTok’s global business will become its subsidiary, even as Oracle Corp and Walmart Inc said over the weekend that they and U.S. investors would own the majority … (…
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China’s ByteDance says TikTok will be its subsidiary under deal with Trump
China Keeps Lending Benchmark LPR Steady for Fifth Straight Month
China kept its benchmark lending rate for corporate and household loans steady for the fifth straight month at its September fixing on Monday, as expected. The one-year loan prime rate (LPR) was kept … (…
Explainer: Why Is Taiwan-China Tension Rising and What Are the Risks?
China claims democratically-run Taiwan as its own territory, to be taken by force if needed, a threat the island has lived with since 1949, when defeated Kuomintang, or Nationalist, forces fled there … ( read…
TikTok Global plans IPO, says ByteDance
TikTok Global will launch a public offering of shares to enhance the corporate governance structure and transparency for the firm.ByteDance said in a statement TikTok Global will also conduct a pre-IP … ( read original…
China ‘third wave’ fears skyrocket after horror coronavirus leak at Hong Kong laboratory
HONG KONG laboratory workers have been thrown into quarantine after traces of coronavirus were found around their facility. ( read original story …)
China prepares to count 1.3 billion people as date for new population census announced
How do you count 1.3 billion people amid a pandemic? China will be finding out as the world’s most populous country launches its seventh national census on November 1. ( read original story …)
ByteDance announces IPO for TikTok Global
TikTok Global, the firm that is to control US operations of the video app TikTok, will launch an initial public offering, China’s ByteDance has announced. It said the move is intended to increase … (…
China keeps lending benchmark lending rate steady for 5th straight month
China’s economy remains resilient and there are ample policy tools at Beijing’s disposal, despite rising external risks, President Xi Jinping said in remarks published on Saturday. ( read original story …)
TikTok Deal Exposes a Security Gap, and a Missing China Strategy
Technological progress has outpaced the political debate again. What will happen when the next TikTok arrives in the United States? ( read original story …)
Hong Kong Democrats Face Choice: Engage Beijing or Give Up Seats
Following China’s delay of Hong Kong’s legislative elections, opposition lawmakers face a defining choice: Keep playing by Beijing’s rules? Or quit and join the radicals in the streets? ( read original story …)
China’s export machine comes roaring back to life
China’s export machine was under pressure from all directions last year. A trade war with the US was weighing on demand and competition from other manufacturing hubs was heating up. Fast-forward to … ( read…
TikTok tussle shows the uneven economic ‘decoupling’ that has accelerated between U.S. and China
Only last month, the video-sharing app TikTok was merely the latest social media craze for millions of Americans. But that was Trump identified the company’s Chinese ownership as a potential national … ( read original…
Donald Trump’s latest TikTok tactics stoke Beijing’s lust for revenge
China has promised retribution for Donald Trump’s decision to ban new downloads of TikTok and WeChat as of today, escalating a bitter trade war between the superpowers.China’s Ministry of Commerce … ( read original story…
