Page 7 - Chinese Firms

Alibaba Group Holding seeks to exit media firm after Beijing's scrutiny

The e-commerce giant, which made the purchase only nine months ago, is seeking a waiver from a one-year lock-up agreement, the filing showed.

Evergrande gave workers a choice: loan us cash or lose your bonus

The Chinese property giant owes $300 billion and is on the hook for 1.6 million apartments. It may owe tens of thousands of its employees money, too

Xiaomi to drop 'Mi' branding from its premium product series: Details here

Xiaomi on Monday announced a new visual identity for its premium range of products

China's app ban proves to be a jackpot for Indian mobile apps

Domestic publishers have filled the vacuum, increasing market share

Chinese finance regulators vow tighter supervision, new rules

The central bank will close loopholes in its financial technology regulation

City of Beijing said to seek taking Didi under state control

Didi's shares spiked 8% before paring gains to about 5% higher in pre-market trading in New York

Evergrande contagion fear returns as bonds tumble below 30 cents

Investors in China's $12 trillion bond market have become fixated on Evergrande as they weigh the ramifications of a potential default by the world's most indebted developer.

Chinese firms rush to embrace 'common prosperity' slogan

At least 73 companies used the flagship slogan in statements to shareholders

Chinese state firms to take big stake in Ant's credit-scoring JV

The plan would represent one of the most prominent outcomes of a govt push for state-backed firms to exert more control and influence

Evergrande electric vehicle unit loses $80 billion in worst stock rout

China Evergrande New Energy Vehicle Group Ltd. sank as much as 22% Thursday after its parent said the unit lost 4.8 billion yuan ($740 million) in the first half

ED seizes funds worth Rs 107 Cr of Chinese loan app firm for FEMA violation

ED said it has seized funds worth about Rs 107 cr of a Chinese-controlled NBFC, engaged in dishing out instant personal loans over an internet-based app, for alleged violation of foreign exchange law

China strengthens supervision of accounting firms in fight against forgery

The guidelines, published by China's State Council, or cabinet, come as Beijing launches a flurry of regulatory crackdowns against sectors ranging from Internet to tutoring

LinkDoc becomes first Chinese co to shelve US IPO after Beijing's crackdown

Chinese medical data group LinkDoc Technology Ltd has shelved plans for an IPO in the United States following Beijing's clampdown on overseas listings by domestic firms

Telcos can buy gear only from 'trusted' vendors as DoT tweaks licence norms

Under the new rules, equipment companies will have to enroll on a website, which will establish whether the firm is a trusted source or not

Tiktok decides to shut down India business, to lay off 2,000 employees

Chinese social media firm Bytedance, which owns Tiktok and Helo apps, has announced the closure of its India business following continued restrictions on its services in the country

Foreign sanctions: China prohibits firms from complying with int'l laws

China on Saturday issued a new order prohibiting firms from complying with foreign laws that ban transactions with Chinese companies and individuals, effective immediately

US to urge firms to comply with China investment ban in new guidance

The US State Department plans to release as soon as Wednesday a fact sheet urging US investors to comply with an executive order banning investments in alleged Chinese military companies, sources said

NYSE begins delisting process for three of China's state-run telecom giants

Trump administration says the companies are tied to Chinese military. But they don't need Wall Street as much as they once did

S&P DJI removes Chinese companies from indexes after Trump order

SHANGHAI (Reuters) - S&P Dow Jones Indices on Thursday became the second major index provider to remove some Chinese companies from its index products following a Trump administration executive order, in the latest market disruption from persistent Sino-U.S. tensions.

Pentagon adds China chipmaker SMIC, oil producer CNOOC to defense blacklist

In Beijing, a foreign ministry spokeswoman said China opposed U.S. efforts to suppress its companies, adding that Washington's moves run counter to principles of market competition