US telecommunications firm Qualcomm has decided to pull its $44 billion bid for Dutch chip maker NXP Semiconductors following the failure to gain approval from China’s antitrust regulators. After almost two years of applications and negotiations with government regulators, Qualcomm has seen recent progress in China – the last necessary market to confer approval – […]
Category: Brief
President Xi Jinping issued strong criticism towards rising global protectionism during a speech on the opening day of the BRICS summit in South Africa, warning that the international community had reached a “new crossroads” with regards to the existing rule-based trading system. Xi called on the leaders from Brazil, Russia, India and South Africa to […]
The Hong Kong stock exchange has delayed discussions on whether to allow companies to retain weighted voting rights over listed arms and subsidiaries, Caixin reports, citing that investors have yet to fully adopt the last round of recently introduced regulation. As of April, Hong Kong-listed firms may issue dual-class shares whereby some individual shareholders have […]
Several US airlines including United, American and Delta have complied with demands issued by the Chinese government to change their websites’ wording with respect to Taiwan, despite support from US lawmakers not to give in. The airlines join a list of 36 foreign airlines that were given a July 25 deadline by Beijing to refer […]
The Chinese government has cancelled its approval of Facebook’s proposed innovation hub project in eastern Zhejiang province, according to sources quoted in The New York Times. Facebook announced its plan to build a center in Hangzhou to support local startups on Tuesday, but the approval for the project logged on China’s National Enterprise Credit Information Publicity System […]