Articles by Sijia Jiang and Michael Martina

U.S. Blacklisting of China’s Huawei to Disrupt Global Technology Supply Chain

The latest U.S. broadside against Huawei that puts the Chinese firm on an exports blacklist threatens to rattle the global tech supply chain, linked closely to the $105 billion business of the world’s top supplier of telecoms network equipment. The …

Hong Kong Insurance Market Attracts Mainland Chinese Seeking Lucrative Pay

May Zhang, a 28-year-old from the southern Chinese city of Shenzhen, holds a master’s degree in engineering from the University of Oxford, but now makes her living selling insurance in Hong Kong. Drawn by lucrative pay, Zhang is part of …

China’s Baidu Selling Majority Stake in Fintechs; May Enter Insurance

China’s Baidu Inc. said it will sell a majority stake in its financial services business for about $1.9 billion to a consortium led by TPG Capital Management LP and Carlyle Group LP, as it looks to deepen its push into …

Uber Drivers Arrested in Hong Kong for Driving Without Insurance

Hong Kong police on Tuesday arrested 21 Uber drivers for illegal car-hiring as part of a clamp down against Uber Technologies Inc.’s operations in the Asian financial city. The arrests marked the latest upset for the San Francisco-based technology company, …

Alibaba’s Finance Unit, Ant, to Focus on Asia Expansion – Before Going Global

Ant Financial Services Group, the world’s biggest financial technology company, plans to focus its expansion plans in Asia before looking to go more global, a senior official said on Tuesday. Ant, Alibaba Group Holding Ltd.’s online finance arm, will offer …