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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.
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.
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.
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.
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.
BEIJING, Aug 31 (China Daily/ANN): A Malaysian's abiding memory of China from decades ago underpins his faith in the country's determination to rid itself of poverty and serve as a model for the world