Chinese companies going global. Global companies capitalizing on the size and growth of the China market. State-owned enterprises. Policy-based state investment. Startup unicorns with Chinese characteristics. There is no shortage of business stories to tell in China.
ByteDance, the company behind TikTok and Douyin, has acquired a company with a license from the central bank to offer digital payments. Tencent and Alibaba dominate online financial services in China: Can an ambitious upstart capture market share?
China’s two biggest chemicals companies are merging to form an enormous global conglomerate. Should the global industry be worried?
Citibank, one the world’s biggest financial institutions, has a new license for the lucrative custody banking sector. But will China remain open for American banks?
A recent European court decision — aimed originally at data privacy breaches by the United States — may have far-reaching implications for Chinese tech companies. Scrutiny will fall on data-rich companies like TikTok, which was just beginning to soar in Europe, as China has even fewer rule-of-law safeguards than the U.S.
New rules from the Chinese Commerce Ministry define what appear to be core parts of TikTok’s algorithm as “sensitive technologies.” The change likely means that any sale of TikTok would have to be approved by Beijing.
TikTok’s brand-new CEO, poached from Disney, quits as Walmart and Microsoft team up to buy it.
Ant Group, the Alibaba-affiliated financial technology giant, filed yesterday for a massive IPO on both the Hong Kong and Shanghai STAR stock markets. It is estimated to be worth more than $200 billion, meaning its listing could be one of the biggest in history.
China has published its latest list of price-controlled drugs that will be available cheaply at public hospitals. Pharma companies that make drugs on the list will make guaranteed profits, even if the cheaper prices mean margins are low.
With Microsoft emerging as the leading suitor to purchase TikTok from its Chinese parent company, here's a look back on the company’s relationship with China, filled with highs and lows.