Mainland China’s push to get its citizens jabbed has accelerated, with Reuters data showing approximately one-third of the country’s 1.4 billion people have been inoculated against Covid-19. Local media reports that in the capital city of Beijing, with almost as many people as Australia, 72% of residents have had the shot. The People’s Republic is still some way behind the United States, where over half the population has had at least one stick, but it is averaging over 16 million new doses per day.
The Federal Bureau of Investigation has been running a startup that would put Silicon Valley to shame. ANOM is a three-year-old joint venture with Australia’s Federal Police, 9,000 law-enforcement officers from 17 countries and a drug-trafficking smartphone-developer turned informant.
Reuters
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An investor reacts in front of an electronic board showing stock information at a brokerage house in Shanghai, China, March 7, 2016. REUTERS/Aly Song
Dental-braces maker Angelalign Technology is flashing its pearly whites ahead of a market debut. The Chinese maker of clear teeth straighteners plans to raise up to $375 million in a Hong Kong initial public offering. A $3.7 billion top-of-the-range equity value implies a punchy 54 times forecast next yearâs earnings, IFR reports . Align Technology (ALGN.O), the $46 billion owner of rival Invisalign, trades at 45 times.
Each claims roughly 40% of the Chinese market, according to research cited in Angelalignâs prospectus. The U.S. company, though, is struggling to grow there, blaming the pandemic, trade wars and âincreased competitive activityâ. The local challenger, meanwhile, delivered a 75% rise in 2020 adjusted net profit. One big edge is a vast Asian orthodontic database that allows i
By Reuters Staff
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People react as they attend the PUBG Global Invitational 2018, the first official esports tournament for the computer game PlayerUnknown s Battlegrounds in Berlin, Germany, July 26, 2018.
HONG KONG (Reuters Breakingviews) - ONE HIT. The company behind one of the world’s most successful mobile games has applied to go public in South Korea. Krafton, which counts China’s Tencent as a key backer, more than doubled operating profit last year to $692 million, according to local media, citing business filings. That’s probably thanks to “PUBG Mobile”, the survival-themed shooting blockbuster that has racked up 1 billion downloads since 2018. With the pandemic trapping gamers at home for most of last year, the smash hit raked in $2.6 billion in revenue for 2020, making it the most lucrative mobile game in the world, research firm Sensor Tower reckons.
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