(Bloomberg) — China Evergrande Group won approval from the Hong Kong stock exchange to spin off its property management unit, according to a person familiar with the matter, paving the way for the company to raise much needed capital. Load Error The unit, recently valued at $11 billion in a […]
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China’s ByteDance gets Trump nod to avoid TikTok shutdown
WASHINGTON/NEW YORK (Reuters) – U.S. President Donald Trump said on Saturday he supported a deal in principle that would allow TikTok to continue to operate in the United States, even as it appeared to conflict with his earlier order for China’s ByteDance to divest the video app. ByteDance was racing […]