HONG KONG Hopes are rising that China’s embattled tech giants will finally get a reprieve from the severe legal and regulatory crackdown that has wiped out over $1.5 trillion of their shares’ value. Amid mounting challenges to economic growth, some Chinese government officials have signaled a possible shift to a new strategy: The acquisition of a 1 per cent equity stake,
HONG KONG Hopes are rising that China’s embattled tech giants will finally get a reprieve from the severe legal and regulatory crackdown that has wiped out over $1.5 trillion of their shares’ value. Amid mounting challenges to economic growth, some Chinese government officials have signaled a possible shift to a new strategy: The acquisition of a 1 per cent equity stake,
The latest sanctions from the US covering a number of businesses for their ties to Russia following its invasion of Ukraine, including a Singaporean entity, acts as a warning shot to Chinese businesses with exposure to the market, analysts say. The US Treasury Department on Thursday (March 31). imposed fresh sanctions on 21 entities and 13 people, including Joint Stock.
HONG KONG ByteDance, the parent company of the popular social-media platform TikTok, has a not-so-secret weapon. Its powerful algorithms are able to predict users’ preferences with precision and recommend content they actually want to see, thereby keeping them glued to their screens. But ByteDance may soon have to sheathe that weapon, or, at least, dull its blade.