Joyy Chairman David Li and Xiaomi founder Lei Jun are teaming up for the deal because they feel the Chinese social media company is undervalued in the US market
The Hang Seng Tech Index fell 1.9% and China Evergrande Group plunged almost 7.5% after warning first-half profits may fall as much as 39%.
Hong Kong, Tokyo and Shanghai were flat on Wednesday, with analysts saying the focus is now on Fed chair Jerome Powell's speech this Friday
China's central bank boosts short-term funding to ease worries over tightening liquidity amid a faltering recovery, but real estate shares and other sectors were down
Executive who helped world’s largest asset manager convert the financial world to the new gold of green investing adds further to criticism of the trend he started
Delta variant threat to recovery boost hopes US central bankers will hold back on stimulus withdrawal; dollar rebounds from slump
Many IPOs in Shanghai and Shenzhen have been held up by a CSRC inquiry into intemediaries including Tian Yuan Law Firm in Beijing, China Dragon Securities and CAREA Assets Appraisal
India’s fast-rising Russian oil imports are being matched by its rising oil exports suggesting it may be reselling Russia’s oil to the West.
US tech giant Apple told its Taiwan suppliers that products moving to China must be labelled to state that the island is a part of China and not an independent nation
Despite a moribund British economy and heavy corporate tax, Indian-owned tech firms are growing in the UK.
The Bitcoin mining ban in China last year had collapsed its crypto markets. Despite that, the country has reemerged as a major bitcoin mining hub, according to research by the UK's University of Cambridge.