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(Reuters) - Lenovo Group's application for a share listing in Shanghai has been terminated, a Shanghai Stock Exchange filing showed on Friday.
SHANGHAI: Lenovo Group Ltd saw its stock fall more than 17% on Monday, its biggest intraday decline in over a decade, after the Chinese technology giant withdrew its application for a 10 billion yuan ($1.55 billion) share listing in Shanghai.
Hong Kong stocks hit four-week high as Alibaba, Meituan soar on bets antitrust crackdown against Big Tech is ending
Hong Kong stocks rallied to near a four-week high as investors bet the worst is over on tech sector regulatory crackdown following the end of investigation into Meituan.
HONG KONG (Reuters): Alibaba Group founder Jack Ma (pic), largely out of public view since a regulatory clampdown started on his business empire late last year, is currently in Hong Kong, and has met business associates in recent days, two sources told Reuters.
Lynk & Co, a mid-range car brand spawned out of Geely’s takeover of Volvo Cars, launched a mid-size SUV to take on bestselling electric vehicle models assembled by Tesla and Chinese start-up NIO.