China

The Aqumon app, which has been downloaded 100,000 times, offers access to low-cost ETF portfolios.

Lufax’s initial public offering would become one of the biggest by a Chinese company in the US this year.

The move comes months after Alibaba announced a USD 1.5 billion investment plan to strengthen the AI and Internet-of-Things (AIoT) ecosystem around its smart speaker Tmall Genie.

Measure would open door to retaliation for Washington’s targeting of TikTok and WeChat.

Huawei’s annual sales growth was taking a hit, dropping significantly from 24.4% to 9.9%, according to its earnings report released on Friday.

Tesla increased Model 3 production capacity at its Shanghai Gigafactory to 250,000 units a year and it is building a new factory for its Model Y.

The sale will generate nearly USD 2 billion in net proceeds, half of the USD 4 billion the company raised in its IPO in September 2018.

Before the livestreaming event was announced, Baidu’s shopping channel, which launched quietly in the last month, only offered a limited range of products.