Unable to match tariff for tariff hikes with the United States, China is increasing its scrutiny of business dealings of U.S. entities in the country. On Thursday, China’s News Service stated, Apple Inc is collaborating with Chinese telecom companies in order to bring down the levels of spam it receives through its messaging service. The…
Beijing-based, Cayman-domiciled Xiaomi priced its IPO at $2.17 – the bottom end of its indicative range. On Friday, sources close to Xiaomi Corp’s Hong Kong initial public offering (IPO) disclosed, the Chinese firm priced the IPO at the bottom of an indicative range, of HK$17 to HK$22, and raised $4.72 billion. Xiaomi is selling around…
Qualcomm is set to use NXP’s assets to diversify its business. According to a South China Monitoring Post report, China’s regulators have approved U.S. chipmaker Qualcomm Inc’s $44 billion merger deal with NXP Semiconductors. According to sources familiar with the matter at hand, the decision by China’s Ministry of Commerce clears a multi-months roadblock which…
Despite global trade tensions heightened consumer demand, in the form of e-commerce, is lifting the profit margins of air freight carriers. In a move that defies rising global trade tensions, e-commerce has become a driving force for air freight business thus significantly boosting the profit margins of many major airlines. According to the International Air…
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