Bloomberg Many Xiaomi Corp investors, who could only watch as the stock shed $14 billion in market value, will now be able to join in on the selling. Expiring on Wednesday is the six-month lockup period that followed the company’s Hong Kong debut, during which some employees and cornerstone investors were banned from disposing of their allocated shares. It’s been ...

Bloomberg Malaysia is looking into allegations that China offered to help deter probes into 1MDB in exchange for infrastructure projects, after the Wall Street Journal reported that senior Chinese leaders offered to help bail out the troubled state fund in 2016. The government is unaware of the discussions detailed in the Journal report, which cited minutes from meetings the newspaper ...

Bloomberg California’s newly sworn-in Democratic governor has proposed using the state’s substantial buying power to drive down pharmaceutical costs, allowing government programs, health insurers and private businesses to join forces to negotiate against drugmakers. Under an executive order signed by Governor Gavin Newsom as one of his first acts hours after being sworn in, drug benefits for the about 13 ...