Chinese fintech giant Lufax seeks up to $2.36 billion in U.S. IPO

A logo of of Lufax website Lu.com, is seen at the company’s headquaters on May 28, 2020 in Shanghai, China. Wu Jun | Visual China Group | Getty Images GUANGZHOU, China — Chinese lending and wealth management firm Lufax is seeking up to $2.36 billion from a U.S. initial public offering (IPO). Earlier this month, … Read more

Huawei’s growth slows sharply as U.S. sanctions bite

Huawei headquarters building is pictured in Reading, Britain July 14, 2020. Matthew Childs | Reuters GUANGZHOU, China — Huawei’s revenue growth slowed sharply in the third quarter while its margin dipped as U.S. sanctions disrupt its business. Revenue for the September quarter came in at 217.3 billion yuan ($31.91 billion), up just 3.7% from the … Read more

Indonesia rejected a US proposal to allow its P-8 planes to land and refuel there

JAKARTA: Indonesia rejected this year a proposal by the United States to allow its P-8 Poseidon maritime surveillance planes to land and refuel there, according to four senior Indonesian officials familiar with the matter. U.S. officials made multiple “high-level” approaches in July and August to Indonesia’s defence and foreign ministers before Indonesia’s president, Joko Widodo, … Read more

Apple’s Chinese users are mainly snapping up iPhone 12 and iPhone 12 Pro models, new data shows

GUANGZHOU, China — Chinese consumers have taken a liking to Apple’s new iPhone 12 and iPhone 12 Pro, according to data provided to CNBC. The two devices in Apple’s new 5G flagship lineup became available for pre-order on Oct. 16. As of 9:30 a.m. China time on Tuesday, 152,737 iPhone 12 units had been pre-ordered, … Read more

BHP posts 7% rise in iron ore output, flags lower production in Dec quarter

Photographer | Collection | Getty Images BHP Group posted on Tuesday a 7.2% rise in first-quarter iron ore production, slightly above expectations, supported by stable demand from China, the world’s top consumer of the steelmaking ingredient. As the world grapples with the fallout of the Covid-19 pandemic, major miners are hoping Beijing’s commodity-intensive stimulus measures … Read more

U.S.-China tensions could split the internet — and data will play a key role in how far that goes

China’s President Xi Jinping (L) and US President Donald Trump attend a working session on the first day of the G20 summit in Hamburg, northern Germany, on July 7, 2017. Patrick Stollarz | AFP | Getty Images GUANGZHOU, China — Political tensions between the U.S. and China have thrust technology and supply chains into the … Read more

China-linked Myanmar businessman debarred from November Parliamentary polls

NEW DELHI: Michael Kyaw Myint, till recently chairman of the United Democratic Party (UDP), which was set to field more than 1,130 candidates in Myanmar’s November’s general election—almost as many as the ruling National League for Democracy (NLD), is well connected to Chinese transnational organized crime syndicates signifying Beijing’s major attempts to influence politics in … Read more

View: The ‘Great Game 3.0’ and the political crisis of Kyrgyzstan

Dr. Nalin Kumar Mohapatra What appears in Kyrgyzstan is a reflection of the fact that a “Great Game 3.0” is unfolding in Eurasia, in which the lead actor is China and not the West unlike earlier times. The present political situation in Kyrgyzstan has to be looked from a broader geopolitical prism. It appears that … Read more