Page 12 - Chinese Companies
Tremors of PUBG Mobile ban shake up India's entire gaming ecosystem
The ban follows on the heels of an earlier ban that blocked 59 apps, including TikTok
 "Tremors of PUBG Mobile ban shake up India's entire gaming ecosystem")
New China rules require non-bank companies to apply for licences
Raises scrutiny ahead of Ant IPO
 "New China rules require non-bank companies to apply for licences")
Once nearly half, China's market capitalisation is now 5x India's
According to Bloomberg data, China's m-cap stood at just $407 billion in May 2006 - 45 per cent below India's m-cap of $745 billion
Govt bans 118 Chinese apps, including PUBG, over security concerns
The ministry said, it had received many complaints about the misuse of the mobile apps available on Android and iOS platforms for "stealing and surreptitiously" transmitting users' data
 "Govt bans 118 Chinese apps, including PUBG, over security concerns")
Govt bans PUBG and 117 other apps linked to China, citing security
India in June banned 59 Chinese apps for threatening the country's "sovereignty and integrity"
 "Govt bans PUBG and 117 other apps linked to China, citing security")
China accuses US using 'national security' as excuse to act against firms
China accused the United States on Tuesday of using "national security" concerns as an excuse to act against Chinese firms
 "China accuses US using 'national security' as excuse to act against firms")
'Country of origin' compliance adds to worries of e-commerce sellers
Many of the online sellers are struggling even to follow the compliance of providing information related to the maximum retail price and best before date of products, according to LocalCircles
 "'Country of origin' compliance adds to worries of e-commerce sellers")
Walmart teams up with Microsoft on potential bid for video app TikTok
The discussions are ongoing and other suitors for TikTok are involved, said two people close to the deal talks, who were not authorized to speak publicly
 "Walmart teams up with Microsoft on potential bid for video app TikTok")
Delhi court asks lawyer to avoid use of banned Chinese app in legal work
A Delhi court has asked a lawyer to avoid the use of banned Chinese app CamScanner, used for scanning documents, in legal work.
 "Delhi court asks lawyer to avoid use of banned Chinese app in legal work")
WeChat ban could hit competitiveness, revenue: US firms in Shanghai
SHANGHAI (Reuters) - U.S. companies based in the financial hub of Shanghai said Washington's planned ban on Chinese messaging app WeChat could badly hit their competitiveness and revenue should it apply to U.S. firms and citizens in China, a survey showed on Wednesday.
 "WeChat ban could hit competitiveness, revenue: US firms in Shanghai")
Will take necessary measures to protect firms after US' Huawei curbs: China
The Trump administration on Monday expanded restrictions announced in May aimed at preventing the Chinese telecommunications giant from obtaining semiconductors without a special licence
 "Will take necessary measures to protect firms after US' Huawei curbs: China")
People's Bank of China picks up stake in ICICI Bank via QIP issue
The People's Bank of China was among 357 institutional investors which included domestic mutual funds, insurance firms and global institutions that subscribed to the issue, sources said
 "People's Bank of China picks up stake in ICICI Bank via QIP issue")
Optical fibre manufacturers impacted by Chinese anti-dumping duty
The duties range from 7.4 per cent to 30.6 per cent
 "Optical fibre manufacturers impacted by Chinese anti-dumping duty")
Money laundering: I-T raids continue on Chinese individuals, local contacts
I-T dept has seized a number of documents and computer peripherals and has recovered about Rs 60-70 lakh cash from multiple premises in the Delhi-NCR region till now
 "Money laundering: I-T raids continue on Chinese individuals, local contacts")
I-T dept searches Chinese entities over hawala transactions of Rs 1,000 cr
In their crackdown on these Chinese companies, the tax authorities launched an extensive search operation at 21 premises across Delhi, Ghaziabad and Gurugram
 "I-T dept searches Chinese entities over hawala transactions of Rs 1,000 cr")
IPL 2020: BCCI invites bids for title sponsorship rights by Friday
The rights would be available for the August 18-December 31, 2020 period, and the bids would be opened by August 18, it said
 "IPL 2020: BCCI invites bids for title sponsorship rights by Friday")
Trump advisers urge delisting of Chinese firms that fail to audit
By Alexandra Alper
IPL 2020: Vivo's surprise exit opens door for sponsors at a discount
BCCI officials clarified on Tuesday that the cricketing body was looking for a one-year replacement only for Vivo and that the latter could make its way back next year in a fresh deal
 "IPL 2020: Vivo's surprise exit opens door for sponsors at a discount")
Having invested billions in India, Huawei treads an uncertain path
The Chinese telecom equipment company is determined to stay put in India
 "Having invested billions in India, Huawei treads an uncertain path")
Spotting opportunity, Facebook launches a new TikTok clone, Instagram Reels
Instagram Reels will let users record and edit 15-second multi-clip videos with audio, and will let users add visual effects
 "Spotting opportunity, Facebook launches a new TikTok clone, Instagram Reels")