Tesla and China built a symbiotic relationship, with credits, workers and parts that made Mr. Musk ultrarich. Now, his reliance on the country may give Beijing leverage.
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Hong Kong’s Moribund Market Loses Another Big Deal From Alibaba
Fundraising via initial public share sales in Hong Kong has dropped for four consecutive years, as its equity markets suffer from Beijing’s regulatory crackdown on private enterprises, a slowing …
Alibaba Drops Cainiao IPO Plans, Proposes To Buy Stake For Up To $3.75 Billion
In the reversal of its restructuring plan, Alibaba, which holds a stake of around 64% in Cainiao, said it was offering to acquire the remaining stock.
Dutch PM set for high-stakes China talks on chip export policy
Dutch Prime Minister Mark Rutte is set to meet with Chinese President Xi Jinping on Wednesday in Beijing for talks expected to be dominated by economics as new Dutch policies on chip exports to China…
China jolts US at WTO with complaint over ‘discriminatory’ EV subsidies
China has lodged a grievance against US electric vehicle subsidies at the World Trade Organization, alleging ‘discrimination’ in selective treatment for products depending on the venue of their final …
Hong Kong stocks tumble as Alibaba’s scrapping of logistic unit IPO weighs on sentiment
Hong Kong stocks underperformed the region as sentiment was dealt a blow by the cancellation of a Hong Kong IPO of Alibaba Group’s logistic unit and a cautious outlook from electric vehicle maker BYD.
Alibaba scraps Cainiao IPO plans, proposes acquisition: ‘Poor market conditions’
China’s e-commerce pioneer Alibaba Group Holding Ltd. decided to postpone the transaction because of poor market conditions.
Apple iPhone shipments in China fell 33% in February, state data show
It extends a slump in demand for the iPhone in its most important overseas market. Read more at straitstimes.com.
More Chinese Companies to Be Added to U.S. Import Ban List
A list of companies banned over forced labor concerns is expected to grow in the next few months, says Laura Murphy, a Homeland Security adviser.
Alibaba scraps logistics arm’s IPO after market turmoil worsens
It’s the second time Alibaba has nixed a high-profile debut for one of its main businesses. Read more at straitstimes.com.
IPOs Still Face a High Bar, Despite Upbeat Debuts
Startup CEOs are feeling practically poetic after watching Reddit and Astera Labs trade up following their public debuts in recent days. It feels like “the sun peeking through the clouds after a long …
China’s UK Hacking Hardens Cold War Battle Lines
Conservative MP Tim Loughton, former Conservative leader, Iain Duncan Smith and SNP’s former defense spokesman Stewart McDonald from the Inter-Parliamentary Alliance on China, hold a press conference …
Crypto miner, Pennsylvania hit with lawsuit over pollution from bitcoin mine
An environmental community group on Tuesday sued Stronghold Digital Mining Inc , claiming the company’s bitcoin mine in northeastern Pennsylvania that burns waste coal and old tires for energy is …
