By Doug Young & Rene Vanguestaine

China has resumed imports of Australian timber as relations between the two countries continue to thaw after a period of deep freeze. And Alibaba announces plans to spin off its cloud unit and make IPOs for its Freshippo supermarket and Cainiao logistics businesses.

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China Inc by Bamboo Works discusses the latest developments on Chinese companies listed in Hong Kong and the United States to drive informed decision-making for investors and others interested in this dynamic group of companies.

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BRIEF: Aux launches $461 million Hong Kong IPO

Air conditioning maker Aux Electric Co. Ltd. (2580.HK) launched its Hong Kong IPO on Monday, aiming to sell 207 million shares to raise up to HK$3.6 billion ($461 million). Shares…