Ant Group: Trump administration to consider adding China’s Ant Group to trade blacklist: Sources

WASHINGTON: The U.S. State Department has submitted a proposal for the Trump administration to add China‘s Ant Group to a trade blacklist, according to two people familiar with the matter, … Read More

China funds targeting Ant IPO rake in $9 billion from over 10 million investors

SHANGHAI: Five newly launched Chinese funds targeting Ant Group’s upcoming mega stock listing raised 60 billion yuan ($8.93 billion) cumulatively from more than 10 million retail investors, selling out within … Read More

United States-China investment flows slide to nine year-low as bilateral tensions escalate

HONG KONG: Investment between the United States and China tumbled to a nine-year low in the first half of 2020, hit by bilateral tensions that could see more Chinese companies … Read More

WeChat: US government’s court filing says upcoming WeChat ‘ban’ won’t target its users

NEW YORK: A looming U.S. ban on the Chinese app WeChat won’t target people who use the app to communicate, according to a government court filing Wednesday. President Donald Trump … Read More

Flipkart IPO: Walmart’s Flipkart eyes overseas listing as early as 2021: Sources

By Sankalp Phartiyal and Nivedita Bhattacharjee NEW DELHI/BENGALURU: Walmart Inc-controlled Indian e-commerce firm Flipkart is preparing for an initial public offering overseas as early as 2021, which could value the … Read More