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September 22, 2020
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With TikTok deal, Walmart could gain ‘a front row seat to the next generation of consumers’

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TikTok deal puts U.S. owners in charge, but Chinese parent company still has some say

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CNBC – For more and to sign up click here Bytedance CEO and founder poses for a photograph in Beijing, China. Gilles Sabrie | Bloomberg | Getty Images Following the weekend’s announcement that Oracle will take a 12.5% stake in TikTok and run cloud services and security for the app,......
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Snowflake’s first-day pop means IPO left $3.8 billion on the table, the most in 12 years

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CNBC – For more and to sign up click here An overall view of The Snowflake IPO banner on the front of The NYSE as employees of the tech company celebrate the largest tech IPO in exchange history, September 16, 2026. Kostas Lymperopoulos | CSM | AP One of the......
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China’s Baidu is in talks to raise up to $2 billion to launch a stand-alone biotech company

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CNBC – For more and to sign up click here Robin Li, chief executive officer of Baidu. Nelson Ching | Bloomberg | Getty Images GUANGZHOU, China — Chinese internet search giant Baidu is in discussions with investors to raise up to $2 billion over three years for a new biotech......
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Nongfu Spring’s founder briefly becomes China’s richest man, thanks to a huge stake in bottled water IPO

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CNBC – For more and to sign up click here Zhong Shanshan, the chairman of Nongfu Spring Company, attends the Nongfu Spring new product launch conference on February 1, 2015 in Baishan, Jilin Province of China. Jiang Xin | VCG | Getty Images BEIJING — The public offering of a bottled......
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There’s a ‘huge amount of money’ returning to China in the IPO space, investor says

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Chinese state media accuses India of ‘jingoism’ over app ban

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CNBC – For more and to sign up click here Indian Prime Minister Narendra Modi looks on upon his arrival before a meeting at Necessidades Palace in Lisbon on June 24, 2017. Patricia De Melo Moreira | AFP | Getty Images Chinese state media slammed India’s ban of more than......
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India bans 118 Chinese apps, including Tencent’s hit games, as border tensions flare up

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CNBC – For more and to sign up click here Photo Illustration of PUBG app with Banned text on an iPad device in Guwahati, India, on Sept. 2, 2020. India has banned more than 100 additional apps with linkage to China, including popular mobile game PUBG citing cybersecurity concerns as......
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Renaissance Capital expects fewer Chinese companies to list in the U.S. once new regulations kick in

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CNBC – For more and to sign up click here Fewer Chinese companies are expected to go public in the U.S. market once new financial regulations kick in and those that are already listed there may return to China if they cannot comply with the rules, an investor told CNBC.  Alibaba......
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Chinese electric vehicle maker Xpeng increases U.S. IPO size to $1.5 billion, sources say

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CNBC – For more and to sign up click here Xpeng Motors Technology headquarters in Guangzhou, China Giulia Marchi | Bloomberg | Getty Images Chinese electric vehicle maker Xpeng has increased the size of its U.S initial public offering to about $1.49 billion, two sources with direct knowledge of the......
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Trump ban on WeChat would hit U.S. business revenues, survey says

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CNBC – For more and to sign up click here The Tencent Holdings Ltd. WeChat app is displayed in the App Store on a smartphone in an arranged photograph taken in Arlington, Virginia, on Friday, Aug. 7, 2020. Andrew Harrer | Bloomberg | Getty Images President Donald Trump’s executive order on......
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Jack Ma’s Ant Group files for IPO, says it made $3.2 billion in first-half profit

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CNBC – For more and to sign up click here An employee scans a quick response (QR) code displayed on the Ant Group’s Alipay app. Ant Group is preparing for a dual initial public offering in Shanghai and Hong Kong. Bloomberg | Bloomberg | Getty Images Ant Group, an affiliate......
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China’s e-commerce giants get a boost as consumers continue to shift online after coronavirus

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CNBC – For more and to sign up click here Drivers for Meituan and Alibaba-owned Ele.me en route to delivering items to customers in Guangzhou, China. Arjun Kharpal | CNBC China’s e-commerce and food delivery giants are reaping the benefits of an increasing number of consumers shopping online and businesses......
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China Tesla rival Nio is up 240% this year and the company is revamping plans to go global

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CNBC – For more and to sign up click here China Tesla rival Nio is up 240% this year, revamping plans to go global SEARCH QUOTES Source – Click here for more To Return to the Main Aggregate News Page – click here...

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