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...It runs alongside a parallel localisation drive under way in state-owned enterprises....
...In a move that helped fast-track the measure, Republican House Speaker Mike Johnson bundled it with funding for Ukraine, creating a package that most senators would be very unlikely to oppose....
...networks], to include more enterprise and AI exposure, as HPE continues to bolster its AI offerings”....
...Johnson’s backing and the unanimous vote suggest that the bill will have little trouble passing the House....
...“I’m very happy that Speaker Johnson and House leaders incorporated my recommendation to extend the ByteDance divestment period from six months to a year,” Cantwell said....
...Valued at a Meta-like multiple of trailing sales, TikTok’s enterprise value might be close to $184bn....
...An Rmb2tn ($280bn) stock market “stabilisation fund” drawn from the offshore money of state-owned enterprises is reportedly being considered....
...Shanghai’s state-owned carmaker SAIC Motor, for example, had its 15 per cent tax rate for being a “high-tech enterprise” renewed four times since 2008....
...Unlike their Chinese and South Korean counterparts, around 90 per cent of Japan’s EV battery suppliers are small and midsize enterprises that operate in more specialised niches, with each one catering to...
...A version of this article was first published by Nikkei Asia on April 19 2024. ©2024 Nikkei Inc. All rights reserved....
...Guobin, vice-minister of industry and information technology, warned in January that Beijing would take “forceful measures” to address “blind” construction of new EV projects by some local authorities and enterprises...
...On Monday, US Steel announced that it would sell itself to Nippon Steel of Japan at an enterprise value of $15bn....
...Republican House Speaker Mike Johnson has also said he backs the measure....
...A shrinking domestic market is forcing Japan Inc to look for growth overseas. Ultra-low interest rates back home have further whetted the appetite for deals....
...“Toshiba is like a state-owned enterprise, it has never had a shareholder-focused mindset,” said the person of the conglomerate that makes everything from batteries and chips to nuclear and defence equipment...
...This included efforts from David Quarrey, international affairs adviser to then prime minister Boris Johnson, the people said....
...On an enterprise value basis, Uber trades at 2.7 times forward sales, a significant premium to Didi at its current valuation....
...The company was bailed out to the tune of nearly $1bn in 2020 by state-owned enterprises from the eastern Chinese province of Anhui....
...The government is expanding a ban on iPhone use in some agencies and state-owned enterprises. Central government bodies have long recommended employees use locally made devices. The stakes are high....
...But even after that increase, shares trade at an enterprise value of just 2 times forward sales....
...A version of this article was first published by Nikkei Asia on February 27. ©2024 Nikkei Inc. All rights reserved....
...Late on Tuesday, an affiliate of Johnson & Johnson filed for bankruptcy protection....
...The remarks follow growing investor concerns that Chinese ministries, government departments and state-owned enterprises are quietly banning or discouraging more employees from using Apple devices....
...The minister of co-operatives and small and medium enterprises, Teten Masduki, on Wednesday accused TikTok Shop of “monopolistic” business practices at a high-level meeting of industry and investment officials...
...Origin’s board has recommended acceptance, with the deal giving the company an enterprise value of A$19.4bn, which includes $2.9bn of net debt....
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