Meta cuts Manus free from China, as regional lender gets premium bailout
In a landmark validation for Chinese AI, Facebook parent Meta has agreed to buy general AI agent maker Manus. But why is Meta also quite vehement about cutting all of Manus' China ties, both in terms of investors and business activity? And regional Chinese lender Weihai Bank has just received a major cash infusion from its local government in Shandong province. Is this a worrisome sign for investors?
China’s chip consolidation accelerates with SMIC, Hua Hong buyouts
Two of the country’s leading fabs announced buyouts of government partners in their non-wholly owned subsidiaries last week Key Takeaways: SMIC and Hua Hong are consolidating ownership of their assets…
After carving out a place in the laser cutter market, xTool eyes Hong Kong IPO
The leading maker of laser cutters and engravers boasts Tencent and HongShan as two of its backers, as well as Morgan Stanley as one of its IPO underwriters Key Takeaways:…
Cheng-Tech motors into crowded self-driving field
The millimeter-wave radar maker, led by a former Huawei employee as its founder, has filed for a Hong Kong IPO Key Takeaways: Cheng-Tech has filed to list in Hong Kong,…
Hong Kong’s IPO rally under scrutiny, as ZTE hits new U.S. headwinds
Hong Kong's stock regulator has warned IPO underwriters over the declining qualiy of new listing applications. Is this a red flag for the city's booming IPO market, or just the usual regulatory caution? And the U.S. could fine telecoms equipment maker ZTE $1 billion for bribery in Brazil. Why does Washington think it can force ZTE to pay such a large amount?
CaoCao hits rocky post-IPO road amid lingering concerns
The ride-hailing platform’s shares plummeted last week, shaving more than $1 billion from its market value in just days and catching retail investors by surprise Key Takeaways: CaoCao shares lost…
51Job overpaid for its privatization, Cayman court says, ending dissenters’ challenge
A judge ruled last month that the management-led group’s privatization offer for the leading online job site was roughly double what the shares were worth Key Takeaways:. A Cayman Islands…
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