Business News - A shophouse in Bali Lane in the Arab Street area, occupied by entertainment venue Blu Jaz Cafe, has changed hands for $23 million. Mr Koh Tuck Lye, co-founder of Chinese venture capital firm Shunwei Capital, lodged a caveat earlier this month for the 999-year leasehold. Read more at www.tnp.sg
The Chinese Military Network Behind the World’s Third-Largest Cell Phone Maker
Xiaomi was blacklisted by the Trump administration as a military-owned company controlled by the CCP
Xiaomi, the world’s third-largest cell phone maker and China’s second-largest, denied its connections to the military after it was blacklisted by the Trump administration as a military-owned company controlled by the CCP, but a closer look at the background and connections of its founder and CEO, Lei Jun, led to the discovery of a huge and tightly interwoven network of ties with the Chinese Communist Party’s (CCP) military.
Xiaomi: Blacklisted and Denial