Meituan – BOL News Staging

China’s Twitter-like Weibo plans $547 million Hong Kong listing

November 29, 2021 by Muhammad Zubair

BEIJING: US-listed Chinese microblogging platform Weibo is seeking to raise up to $547 million in a share offer in Hong Kong, documents showed on Monday, the latest China tech company to list closer to home as tensions with the United States rise. Several US-listed Chinese tech firms such as Alibaba have held initial public offerings in … Read more

Alibaba, Tencent, Baidu Pay $3.4m fines in latest antitrust round

November 22, 2021 by Muhammad Zubair

RIYADH: Alibaba Group Holdings, Tencent Holdings and Baidu were among the companies ordered by China’s competition watchdog to pay fines of 21.5m yuan ($3.4 million) in the latest round of sanctions in the country’s ongoing crackdown on monopolies, Bloomberg reported. The companies must pay 500k yuan ($78k) for each of the 43 antitrust violations, the State Administration … Read more

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