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...Ryan described the reorganisation as a “once-in-a-generation change” that grouped PwC’s US audit business together with tax reporting and compliance under the umbrella of “trust solutions”....
...Beijing resumed giving the green light to tech companies for US listings last year after an 18-month pause over national security concerns stemming from the botched New York IPO of ride-hailing service Didi...
...McKinsey was paid at least $101mn by the US federal government in the year to September 2023, including $63mn from the Pentagon, according to government data....
...The group filed confidential paperwork for a US listing in November, but a person close to Shein said the company had heard little from the SEC since then....
...The state-led march away from foreign hardware will dent US companies in China, starting with the world’s dominant PC processor makers, Intel and AMD....
...He pledged to invest some of the company’s Rmb264bn ($36.6bn) of cash in such projects....
...He subsequently deleted some of his social media posts and wrote on Weibo: “Us labourers love the party, love the nation and love the people.”...
...Son bought the Woodside estate 11 years ago, paying $117.5mn — then the most for a US residential property — to acquire the property from Tully Friedman, co-founder of private equity giant Hellman & Friedman...
...The data came as TikTok’s future in the US was plunged into doubt this week after the US House of Representatives approved a bill to force TikTok to be sold to a non-Chinese company within six months or...
...Ryan O’Connor will take over on April 8 after spending seven years with Goldman Sachs Asset Management, most recently as global head of ETF product, the company said in a statement....
...Chinese security agents have raided US consultancies such as Bain & Company, due diligence group Mintz and expert network provider Capvision, and expanded the scope of an already sweeping espionage law to...
...But the company was ultimately unable to get permission to operate locally....
...Surging sales, uncertain future TikTok has hit $16bn in sales in the US, where the viral video app that has hooked Gen Z users is at risk of being banned, writes the Financial Times’ Ryan McMorrow....
...The US company has been hit by a top-down campaign to cut iPhone usage among Chinese state employees and the return of national champion Huawei, which last year overcame US sanctions to roll out a homegrown...
...The Shanghai-based company, valued at $20bn in the latest fundraising round three years ago, raked in $500mn in net profit last year on revenues of $3.7bn, write the Financial Times’ Eleanor Olcott and Ryan...
...Financial Times’ Ryan McMorrow, Eleanor Olcott, Mercedes Ruehl and Ivan Levingston....
...Ryan McMorrow One engineer at Baidu who we interviewed told us it’s a do or die moment. Whether Ernie succeeds or not will play a decisive role in the company’s future....
...He continues to hold 23 per cent of the shares of the company, which is listed in Hong Kong and valued at HK$31bn (US$4bn)....
...Apple and Tesla cracked China, but now the two largest US consumer companies in the country are experiencing cracks in their own strategies as domestic rivals gain ground and patriotic buying often trumps...
...Dakota Cary, a China-focused cyber security expert at US company SentinelOne, said the leak revealed “the maturing nature of China’s cyber espionage ecosystem”....
...Two people close to I-Soon confirmed the documents came from the company, Ryan McMorrow writes for the Financial Times....
...The company plans to expand its ship fleet to eight in the next two years....
...The lunar new year is the closest parallel in China to Christmas, with most companies and factories closed and the country’s must-see tourist sites overrun with visitors....
...“It’s still unclear if any big tech companies will be allowed to go public in the US,” they said, noting that recent IPOs of Chinese companies there have been relatively small....
...“Ali people didn’t care about us at all,” he said. “Now they’ve started coming here, but what can they bring us, they don’t have any shoppers.”...
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