Bloomberg China Unicom (Hong Kong) Ltd. will raise as much as HK$88.1 billion ($11.3 billion) by selling new shares to its parent as part of a government-led ownership overhaul of the nation’s second-largest wireless carrier. Unicom plans to sell as many as 6.65 billion new shares to unlisted China Unicom (BVI) Ltd. at HK$13.24 apiece, or 10 percent higher than ...

Bloomberg VIPKid, an online education company that matches Chinese students with North American teachers, was valued at more than $1.5 billion in a round of funding from investors including Sequoia Capital China and Tencent Holdings Ltd., according to people familiar with the matter. The Beijing-based company said on Wednesday it had raised $200 million to expand into new markets and ...

After weeks of belligerent rhetoric, North Korea took a pause. But where is the mercurial Kim Jong Un headed next? US officials are debating whether he may want direct talks with Washington about a formal treaty to replace the 1953 armistice agreement that ended the Korean War. The US has been pursuing a dual path, threatening military conflict (semi-believably because ...