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China’s leading telecommunication firms Huawei and ZTE have won a string of contracts this year to supply 5G equipment in Vietnam, in another sign of Hanoi’s strengthening bonds with Beijing, stirring concern among Western officials, according to seven people with direct knowledge of the situation, reports Reuters. For years, Vietnam was seen as reluctant to […]

JPMorgan Chase & Co. has raised its recommendation for China’s stocks to “overweight,” stating that the prospect of large gains next year now outweighs the risk of significant losses, reports Bloomberg. “China has given back most of its outperformance this year—making for an attractive entry point,” strategists at the bank including Rajiv Batra wrote in […]

Alibaba Group Holding on Thursday launched its first artificial intelligence glasses in China, as the tech giant seeks to carve out a solid niche in the growing smart wearables market, reports the South China Morning Post. The Quark AI Glasses, named after the company’s Quark AI assistant, include three versions each of the series’ flagship […]

Italy’s government has given its conditional approval to Chinese e-commerce giant JD.com’s takeover of German electronics retailer Ceconomy, a parliamentary document showed on Thursday, reports Reuters. Using its so-called “golden power” legislation, Italy reserves the right to block or set conditions on domestic and foreign deals affecting the country’s strategic assets. As part of the […]

China Vanke Co. proposed delaying repayment on a local bond for the first time, a surprise move that raises fresh concerns about Beijing’s willingness to support even the largest distressed developers, reports Bloomberg. The builder is seeking to delay paying principal on a RMB 2 billion ($283 million) note due on Dec. 15, according to […]