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After $140bn wipeout, Alibaba and Tencent bid for comeback

Bloomberg China’s two largest companies have lost a combined $140 billion in market value since the escalation of the trade war in May. As Alibaba Group Holding Ltd. and Tencent Holdings Ltd. report earnings this week back-to-back, they’ll try to show the punishment is overdone. The brutal market selloff began three months ago as Donald Trump’s administration slapped restrictions on ...

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Trump Jr. kicks off sale of luxury condos in Indonesian projects

Bloomberg PT MNC Land, an Indonesian builder, began a sale of luxury condos and mansions in two projects being developed in Indonesia in partnership with the Trump Organisation, marking the US developer’s foray into Southeast Asia’s largest economy. Donald Trump Jr., who attended a pre-launch event in Jakarta for condos and villas that will be built in West Java and ...

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Huawei hires trade lobbyists as sales slow in US-China fight

Bloomberg Huawei Technologies Co. hired the law firm Sidley Austin LLP to lobby on trade as the US pressures allies to join it in blacklisting the Chinese telecom giant and the company finds itself increasingly mired in President Donald Trump’s trade war with Beijing. The lobbying, which began in July, will focus on export controls, trade sanctions “and other national ...

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