Shares of major Chinese tech companies soared Friday after a meeting in which top officials called for the “healthy development” of the sector, fuelling hope
Chinese tech giant Tencent will close its game streaming platform, less than a year after authorities blocked a merger that would have powered its drive
Beijing on Wednesday denied a report that it was looking to plug a loophole used by Chinese tech companies to go public on foreign stock
Ride-hailing giant Didi Chuxing has filed to list its shares in New York, a high-profile move by a Chinese tech firm in the United States despite soaring tensions between the superpowers, with reports saying it could be one of the biggest IPOs this year.
Chinese search engine Baidu debuted on Hong Kong’s stock exchange Tuesday after raising $3.1 billion in its initial public offering, the latest mainland tech giant to flock to the financial hub.
Washington will not bar Americans from investing in Chinese tech giants Alibaba, Baidu and Tencent as it has done for other firms over national security concerns, The Wall Street Journal reported Wednesday.
Chinese tech giant Tencent has offered to buy search engine Sogou in a deal worth around $2 billion, sending the latter’s share price soaring 48 percent in New York.
US officials moved Friday to cut off Chinese tech giant Huawei from global chipmakers, ramping up sanctions on the company seen by Washington as a national security risk.
US lawmakers have passed legislation offering $1 billion to help telecom carriers “rip and replace” equipment from Chinese tech firms Huawei and ZTE amid national security concerns.
Thailand has raised more than $3.2 billion in an auction of 5G licences, as operators race to snap up high-frequency spectrums needed for a commercial rollout of the next-generation technology.