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November15
US and China struggle to finalise ‘phase one’ trade deal
The US and China are struggling to complete a “phase one” deal to halt their trade war, with senior officials in Washington and Beijing still jostling over intellectual property provisions, agricultural purchases and tariff rollbacks after weeks of negotiations.
Australia Gaming Stock up 192% on Online Lottery Sales
Jumbo Interactive Ltd., a digital reseller of lottery tickets, has surged 192% this year, besting other global casino and gaming stocks that have a market capitalization of more then $100 million, according to data compiled by Bloomberg. The Queensland, Australia-based company aims to triple its ticket sales by 2022, betting on a shift in how people enter the draw.
Luckin Loses Even More Money As Revenue Surges Sixfold
Luckin Coffee Inc. shares rose 13% on Wednesday after the company posted revenue of 1.5 billion yuan ($215.7 million), up more than sixfold from a year before. It reported a widening loss of 531.9 million yuan, 9.7% greater than a year earlier.
TikTok Is a Smash Hit in India
TikTok has blown up in the South Asian nation more than anywhere else outside of China. India’s TikTok fans are young, new to the internet and largely unemployed. They don’t have much privacy in their small homes so they have popped up in parks and parking lots across the country, shooting 15-second videos that often mimic the dominant form of entertainment in India, Bollywood.
Jack Ma Says U.S.-China Trade Tension Could Last 20 Years
Jack Ma, the co-founder and former chairman of Alibaba Group Holding Ltd., said the U.S.-China relationship could face 20 years of “turbulence” if the two superpowers aren’t careful in how they handle trade.
Walmart’s Sales Growth Streak Hits Five Years
American consumers showed no signs of belt-tightening in sales results from Walmart Inc., offering comfort to retailers worried about fallout from the trade war and the health of the global economy as the holiday shopping season nears.
EIB to phase out lending to fossil fuel projects by 2021
The European Investment Bank has agreed to phase out lending for all fossil fuel projects, including mainstream gas-fired power plants, the first time any major multilateral lender has curbed lending to natural gas projects because of climate change concerns.
Ucommune is expected to go public in the U.S. one step ahead of WeWork
Ucommune, the largest rival to WeWork in China, plans an initial public offering in the U.S. in December even as the better-known competitor still recovers from its botched IPO, according to people familiar with the matter.
Apple launches research app in push to gather users’ health data
Apple is racing to collect healthcare data from its customers, launching a new research app that it claims will “advance science” by harvesting information from its huge base of iPhone users and Apple Watch wearers.
Key China Economic Measures Grow at Slowest Pace in a Decade or More
Fixed-asset investment, a key driver of domestic demand that includes infrastructure investment, increased 5.2% year-on-year in the first 10 months of this year, according to data released by the National Bureau of Statistics (NBS). The cumulative reading marked the fourth straight monthly deceleration, and the lowest growth rate since the whole of 1995, according to NBS data compiled by economic data provider CEIC. It missed a median forecast of 5.3% growth by a Caixin poll of economists.
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Making Hong Kong a tech hub would give boost to despairing youth

Creation of China's Silicon Valley requires cultural shift from financial focus

Jason Tu, Cofounder & CEO of MioTech

Making Hong Kong a tech hub would give boost to despairing youth

Jason Tu, Cofounder & CEO of MioTech

Creation of China's Silicon Valley requires cultural shift from financial focus

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