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China’s new tech export restrictions further cloud US TikTok sale and raise the risk of protectionism
The new rules come at a time of worsening relations between Washington and Beijing, with trade and tech tensions on the rise. Approval timetable would still be compatible with the November 12 deadline set by Trump’s second TikTok executive order, requiring a TikTok sale.
As Donald Trump threatened to ban the US operations of the hit app TikTok, Chinese parent ByteDance Ltd’s choices seemed to be limited to selling the business for US$20bil (RM82.85bil) to US$30bil (RM124.27bil) or leaving empty-handed.
The food delivery giant’s move follows Beijing’s plan to cut the production and use of plastic in the country over the next five years. The amount of waste accumulated by China’s e-commerce and express delivery sectors could reach 41.3 million tonnes by 2025.
HONG KONG/SINGAPORE (Reuters) - Wealth managers in Asia are preparing to lend more to their clients and help them raise cash by selling investments to ensure they can get their hands on shares in Chinese fintech giant Ant Group's up to US$30 billion IPO, bankers said.
India banned over a hundred Chinese apps, including versions of Tencent Holdings Ltd’s popular game PUBG Mobile and online payments giant Ant Group Co’s Alipay, as tensions escalated on the nations’ disputed border.
Covid-19 has scarred us in many ways, but has also created an opening for disruptive technologies and concepts. Could dining in restaurants staffed with robot waiters and chefs be one of them? China may have an answer.
SoftBank Group Corp is exploring assembling a group of bidders for TikTok’s India assets and has been actively looking for local partners, according to people familiar with the matter.