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Beijing loves Xiaomi, just in its own special way

Xiaomi Corp has caught a lot of breaks from Hong Kong and its stock exchange. China isn’t playing ball. Yet. The Hong Kong-Xiaomi relationship is crucial, and symbiotic. For one, Hong Kong Exchanges & Clearing Ltd ended a ban on dual-class listings that allowed founder Lei Jun to keep control of the smartphone maker and have his IPO too. It ...

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Global growth peaked with a whimper, not a bang

That was the high point? We’ve probably seen the best of global growth for this cycle, but the peak wasn’t marked by the traditional catalysts for a slowdown like higher interest rates or a financial blowup. Instead it’s a different scene in each of the biggest economies — with the US powering ahead, Europe and Japan drifting after a stellar ...

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Google’s day of reckoning is about next billion users

You have to give one thing to Facebook Inc: Confronted by a torrent of accusations of misbehaviour over the past 12 months, the world’s largest social network has at least made the effort to be conciliatory. The same cannot be said about Alphabet Inc’s Google. The European Commission will reveal the punishment for the search giant’s practice of forcing smartphone-makers ...

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