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China’s Meituan files for Hong Kong IPO

Bloomberg Internet giant Meituan Dianping has filed for an initial public offering in Hong Kong, becoming the latest Chinese technology juggernaut to throw a multi-billion-dollar coming-out party in the former British colony this year, according a person familiar with its filing documents. The food delivery and restaurant reviews service submitted documents for a share listing late on June 22, the ...

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Foxconn chairman sees biggest challenge in US-China trade war

Bloomberg Terry Gou, the billionaire chairman of Apple Inc.’s main iPhone assembler, said the biggest challenge facing his Foxconn Technology Group is a trade war between the US and China. Foxconn has a number of response plans to a trade war, Gou said, without elaborating, at the annual shareholder meeting of Hon Hai Precision Industry Co., his main listed unit. ...

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ZTE nears final hurdle for US to lift ban

Bloomberg ZTE Corp. is close to clearing the final hurdle needed for the Trump administration to lift sanctions that prevented the Chinese telecommunications giant from buying American equipment, a US Commerce Department official said. The Shenzhen-based company has paid a $1 billion fine and another $400 million in escrow will be completed in a couple of days, the official said. ...

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