The price offered to investors is similar to the US$160 per share offered to employees, which puts the company’s total valuation at US$268 billion In the second quarter, ByteDance’s China revenues …
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Taiwan Challenges China’s Conditions for APEC Summit Attendance
Taiwan says China has added conditions to its attendance at APEC summit
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TikTok owner ByteDance offers to buy back US$5 billion worth of investor shares as IPO prospects remain slim
China blue-chip stocks hit 5-year lows, yuan eases after Moody’s move
China’s economic recovery has shown signs of losing steam quickly after an initial burst in consumer and business activity at the start of the year, weighed down by an ailing housing market, local …
Moody’s puts China on downgrade warning as growth, property pressures mount
Ratings agency Moody’s slapped a downgrade warning on China’s credit rating on Tuesday, saying costs to bail out local governments and state firms and control its property crisis would weigh on the …
China Debt Outlook: Moody’s Cuts To Negative As Property Crash Continues To Weigh
Ratings agency Moody’s cut its outlook on China’s credit rating to negative on Tuesday, saying the country faces an economic slowdown as it continues to grapple with the fallout from the collapse in …
Moody’s cuts China credit outlook to negative, cites slowing economic growth, property crisis
Credit rating agency Moody’s has downgraded its outlook for Chinese sovereign bonds to negative, citing risks from a slowing economy and a crisis in its property sector …
Moody’s cuts China credit outlook, citing lower growth, property risks
Ratings agency Moody’s on Tuesday cut its outlook on China’s government credit ratings to negative from stable, citing lower medium-term economic growth and risks from a major correction in the …
Fitch says China’s local government financing vehicles at lower risk of default in 2024
China’s municipalities will see lower default risks at their local government financing vehicles (LGFVs) next year, thanks to a gradual recovery in fiscal revenues and policy support from the central …
China credit warning is well-timed plea for action
It’s a long-running criticism that credit rating agencies are too often too slow to spot a crisis. So their detractors will be unsurprised that Moody’s is only now issuing China with a downgrade …
China’s exports slump seen slowing as pockets of demand emerge- Reuters poll
Declines in China’s exports likely slowed in November, a Reuters poll showed on Wednesday, amid mixed signs factories in the world’s second-largest economy may be finding their footing after a …
China’s AliExpress vows investment to protect intellectual property of S. Korean brands on its platform
SEOUL, Dec. 6 (Yonhap) — Chinese e-commerce platform AliExpress said Wednesday it plans to invest 10 billion won (US$7.6 million) in South Korea over the next three years to better protect the …
China Focus: China’s new visa-free policy to boost tourism, economic exchanges
The visa-free entry policy is China’s latest effort to boost tourism and economic exchanges. Last month, China expanded its visa-free transit policy to include citizens from Norway for a 72/144-hour …
China’s state planner issues draft rules for coal production reserve system
China will establish a coal production reserve system by 2027 to stabilise prices and ensure sufficient coal supply, according to draft rules issued by the state planner for public comment on …
China state banks selling dollars for second day to support yuan-sources
China’s major state-owned banks were selling U.S. dollars in the onshore spot foreign exchange market for a second day on Wednesday to support the yuan currency, three sources with knowledge of the …
