China

US steps up disclosure pressure on Chinese companies

Chinese companies will have to disclose more information about audits and whether they are controlled by a government or else leave U.S. stock markets under a rule approved by securities regulators.

US-China trade tensions rise following Biden-Xi summit

A new cold war appears to be brewing as the U.S. places over a dozen Chinese companies on its trading blacklist, all while China slows its progress on purchasing $200 billion worth of U.S. goods by the end of the year.

Alibaba empowers business units to be more agile as challenges mount

Alibaba Group Holding Ltd.’s chief executive, Daniel Zhang, is devolving power to the heads of the company’s business units to become more agile in tackling rising challenges and potentially open the way for spinoffs, people familiar with the matter said.