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US Government Won't Ban Investments In Alibaba, Tencent, Baidu

The U.S. government will allow Americans to keep investing in Chinese tech firms Alibaba, Tencent and Baidu after the economic impact of banning them was deemed greater than any threats, The Wall Street Journal reports. The U.S. initially had those firms along with numerous others on a list to be examined for reported connections to China's military, intelligence and security services. Now, those aforementioned three firms will not...

which-50.com which-50.com

COVER STORY: Is tech giant Baidu about to pay $3.6B for a huge internet fraud grift? Muddy Waters says yes

US hedge fund Muddy Waters Capital — which has a long and successful history of exposing fraud by Chinese companies listed in US markets — has thrown a huge wrench into plans by Nasdaq-listed Chinese search giant Baidu to buy live streaming YY Live from Chinese Video Giant Joyy for $US3.6 billion. The Chinese live-streaming market is worth $US66 billion, and is accelerating so quickly it could double in size this year, according to...

fortune.com fortune.com

China search giant Baidu inked a $3.6 billion deal for a live-streaming platform. Then came the fraud claims

Our mission to make business better is fueled by readers like you. To enjoy unlimited access to our journalism, subscribe today. On Tuesday, Chinese search engine giant Baidu announced it was acquiring a live-streaming service called YY Live from Guangzhou, China-based social media firm JOYY in a $3.6 billion all-cash deal. The purchase would be a chance for Baidu to expand into live-streaming, an enormously popular social media and...

techcrunch.com techcrunch.com

What China’s fintech market can teach the world

If you want to know what the future of finance looks like, head east, where it’s already been laid down in China. Digital payments through mobile phones are ubiquitous, and there is incredible innovation around lending, investments and digital currencies that are at the vanguard of global financial innovation. Take the cover photo of this article: At Alibaba, facial recognition software identifies customers at the employee cafeteria,...