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Tencent reports Profit Increase despite looming WeChat ban
Tencent Holdings Ltd. reported a 29 percent increase in profit for the second quarter of the year despite fears its overseas operations might be affected by an executive order by U.S. President Donald...
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Trump Orders ByteDance to Divest TikTok’s U.S. Assets in 90 days
United States President Donald Trump has ordered TikTok’s parent company ByteDance to divest its U.S. assets within 90 days as part of the White House’s efforts to put pressure on the Chinese company....
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US to Ban TikTok and WeChat Downloads on Sunday
The United States is clamping down its earlier threats made against Chinese-owned applications TikTok and WeChat as it bans them from app stores starting Sunday. The US Department of Commerce said it...
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Oracle, Walmart Get Trump’s Blessing on TikTok Partnership
American companies Oracle and Walmart got President Donald Trump’s nod to partner with popular short-video application TikTok in time for its earlier announced downloads ban in the United States. “I...
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Chinese Retailer Miniso Raises Over $600 million in New York IPO
Chinese retailer Miniso Group Holding Ltd., whose products range from lifestyle to household goods, raised $608 million on its first day of trading at the New York Stock Exchange. Miniso in its Wall...
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