Biel Crystal, one of Apple’s biggest suppliers of iPhone cover glass, is planning to raise as much as $2 billion in a Hong Kong initial public offering, Bloomberg reported. Biel’s planned IPO reflects how Chinese suppliers are willing to work with Apple for low margins, which can boost their valuations and make them attractive to investors and other customers. Biel is one of the world’s...
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Opinion Asia Policy
China’s Tech Crackdown Is a Geopolitical Play
It hardly bears repeating that 2021 was a rough year for China’s platform companies. The firehose of new regulations and rolling crackdowns on everything from data security to overseas listings cost Chinese shares—including those of Didi, Meituan, Pinduoduo, JD.com, Tencent, and ByteDance—42% of their cumulative value in the U.S. and Hong Kong. Not so long ago, China held up...
China Plans to Require Big Internet Firms to Gain Approvals for Deals
Beijing Olympics Covid-Tracker App Has Security Flaws
NFT Gaming Company Animoca Brands Raised $360 Million at $5 Billion Valuation
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