Chinese cities tighten COVID-19 curbs as Tianjin battles Omicron outbreak
Cities across China are imposing tougher restrictions to try to control new outbreaks of COVID-19, with Tianjin battling the highly contagious Omicron variant which has been detected to have been transmitted locally in two other provinces.
China to order cybersecurity reviews for some firms seeking overseas listings
China said on Tuesday it would put in force new rules that will boost oversight over how its platform companies make plans to list abroad or use recommendation algorithms, in moves set to tighten Beijing’s grip over its sprawling technology sector.
China’s Didi plans Hong Kong ‘listing by introduction’, picks banks -sources
China’s ride-hailing giant Didi Global (DIDI.N) plans to use a mechanism that will allow it to list shares in Hong Kong without raising capital or issuing new stock as it seeks to delist from New York, two people with knowledge of the matter said.
Telefonica buys Ericsson 5G equipment to replace some Huawei gear
Telefonica (TEF.MC) has bought 5G network equipment from Swedish manufacturer Ericsson (ERICb.ST) to replace some of the Huawei gear it has rolled out in Spain, a source at the Spanish firm said on Monday, confirming a report in Expansion newspaper.
EXCLUSIVE Foxconn India iPhone plant extends closure, workers’ hostels inspected
A Foxconn (2317.TW) iPhone factory in India at the centre of a mass food-poisoning incident will extend a week-long closure by an extra three days, a senior official for the state of Tamil Nadu told Reuters.
Tencent hands shareholders $16.4 bln windfall in the form of JD.com stake
Chinese gaming and social media company Tencent (0700.HK) will pay out a $16.4 billion dividend by distributing most of its JD.com (9618.HK) stake, weakening its ties to the e-commerce firm and raising questions about its plans for other holdings.
Beijing rule changes to revive China’s IPO prospects in 2022, bankers say
Greater China’s flagging initial public offerings (IPOs) are set to get a fillip in 2022 from the expected unveiling of new rules by Beijing for Chinese firms’ offshore listings, giving clarity to jittery investors, investment bankers and analysts said.
EXCLUSIVE China audits Evergrande, chairman’s assets, no fire sale for now -sources
Chinese authorities are scrutinising the assets of China Evergrande Group (3333.HK) and its wealthy chairman Hui Ka Yan but expect no fire sale for now at the world’s most indebted property developer, two sources with direct knowledge of the matter said.
SenseTime launches Hong Kong IPO to raise up to $767 mln -term sheet
Chinese artificial intelligence startup SenseTime Group is looking to raise up to $767 million in its Hong Kong initial public offering (IPO), according to a term sheet seen by Reuters.
Beijing biotech firm banks on GM corn in race to be China’s Monsanto
As China prepares to open its $120 billion corn market to genetically modified (GM) seed, little-known Dabeinong Biotechnology hopes to reap the benefits of early biotech investments and a law keeping foreign firms on the sidelines.
