China’s largest wireless carrier by revenue, China Mobile, has been given permission to list in Shanghai by regulators after the company had been removed from the New York Stock Exchange as the result of an investment ban put in place by former US President Donald Trump, reports Bloomberg. The state-run enterprise got the go-ahead earlier […]
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SenseTime IPO on hold
China’s largest artificial intelligence (AI) company, SenseTime, has announced the delay of its $767 million IPO in Hong Kong after appearing on a US investment blacklist, reports the Financial Times. SenseTime said in a Monday filing to the Hong Kong stock exchange it would refund application money paid by investors and issue a revised prospectus […]
The makers of several food and beverage products are rushing to comply with new Chinese import regulations, with many worried that their goods will not be able to enter the Chinese market as a January 1 deadline closes in, reports Reuters. China’s customs authority published new food safety rules in April stipulating all food manufacturing, […]
TikTok parent company ByteDance has removed any online access to one of its social networking apps in a move that signals the world’s most valuable unicorn is further consolidating operations and taking a step back from some non-core businesses, reports the South China Morning Post. Feiliao, launched as an instant messenger in 2019 and known […]
SiEngine Technology, a Wuhan-based car chip designer, has revealed its first automotive-grade smart cockpit chip which is set to start mass production and be installed in vehicles by late 2022, reports Caixin. The launch of the new system-on-a-chip (SoC) named DragonHawk 1, which will be made by Taiwan chipmaker TSMC using its 7-nanometer manufacturing technology, […]