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China’s Megvii faces HKEX queries on IPO application

Bloomberg Chinese artificial-intelligence (AI) giant Megvii Technology Ltd is facing additional queries from the Hong Kong bourse ahead of its planned initial public offering, people familiar with the matter said. Some questions relate to public complaints about whether the company adequately disclosed risks related to US sanctions, the people said, asking not to be identified because the information is private. Megvii, ...

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Thailand plans $30.5 billion borrowing for latest stimulus

Bloomberg Thailand plans new borrowing of 1 trillion baht ($30.5 billion) for its latest stimulus package to tackle the economic impact of the coronavirus outbreak. The package is worth about 1.9 trillion baht overall as it also includes 900 billion baht of steps by the Bank of Thailand, finance minister Uttama Savanayana said in a briefing in Bangkok. The Thai ...

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Taiwan bans official use of Zoom over security concerns

Bloomberg Taiwan barred all official use of Zoom, becoming one of the first governments to impose an outright ban on the popular video-conferencing app over security concerns. Agencies should avoid using services such as Zoom as they may have security flaws, the island’s cabinet said. Governments, companies and individuals around the world, including in Taiwan, have been using the app ...

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