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. ...

Bloomberg Indian startup Swiggy has raised $210 million in a round led by South Africa’s Naspers Ltd. and investment house DST Global, setting a stage for a battle between well-funded players in the sizzling food-delivery sector. The financing values the four-year-old startup at well over $1 billion, according to people familiar with the deal. That makes Swiggy the second unicorn ...

Bloomberg Hainan, the Chinese tropical island seeking to become a global tourism attraction, plans to allow foreign visitors access to currently blocked sites such as YouTube. Usage of services including Facebook and Twitter would be allowed in areas of Hainan’s two biggest cities of Haikou and Sanya, according to the provincial government’s three-year plan posted on an official website. The ...