Chinese tech shares surge on signs of state support
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
Tencent shuts game streaming site after China blocks merger
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
China denies Bloomberg report it is looking to close foreign IPO loophole
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
Chinese ride-hailing app Didi files for New York listing
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.
China’s Baidu debuts in Hong Kong after $3.1B IPO
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.
US won’t bar investments in Alibaba, Tencent, Baidu: report
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.
Tencent offers buy out of Chinese search engine Sogou
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.
Security risk: US seeks to cut off China’s Huawei from global chip suppliers
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 to spend $1B to ‘rip and replace’ Huawei gear
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 raises $3.2B in 5G licence auction
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.
