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2026January › 23

Chinese

5 months ago

Chinese tech giant Xiaomi saw its shares pop in trading on Friday after it announced a stock buyback program worth up to HK$2.5 billion ($321 million).
The app was due to be banned in the US a year ago if its Chinese owner hadn't sold its business in America.

Majority US-owned venture includes Larry Ellison’s Oracle, private-equity group Silver Lake and Abu Dhabi’s MGX

TikTok announced on Thursday that it had closed a deal to establish a new US entity, all…

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