US investors will be prohibited from buying Xiaomi shares and will have to divest their holdings by November, according to the executive order.
China’s ride-hailing industry faces more economic uncertainty, more competition, and more regulation. But giant players are poised to thrive post-Covid.
Huawei is losing its status as a smartphone powerhouse in 2021, with a smartphone shipment forecast putting it in seventh place among global vendors.
As sister company Ant Group faces challenges from finance regulators, Alibaba is confirmed to face an anti-monopoly investigation.
China’s “second landlord” platforms have seen a dramatic rise and fall. What led to their fall from grace and who stands to benfit as the industry consolidates?