(Reuters) - Guodong Network Communication Group, a Chinese communications infrastructure and service provider, has raised $150 million from a Middle ...
STORY CONTINUES BELOW THESE SALTWIRE VIDEOS - Guodong Network Communication Group, a Chinese communications infrastructure and service provider, has raised $150 million from a Middle Eastern country's sovereign wealth fund, the deal's adviser China Renaissance said on Tuesday.
The statement did not identify the sovereign wealth fund. A China Renaissance spokesperson declined to comment, while Guodong didn't immediately respond to a Reuters request to comment.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China's 'aggressive behaviour' in South China Sea must be challengedMANILA (Reuters) - China's
Read more »
Toronto's Bumpy Path To Missing Middle Housing Needs To Be Smoothed OverAmid soaring prices and climbing interest rates, we must rethink what homeownership looks like, and that includes ramping up missing middle housing.
Read more »
Raimondo: crucial US, China have stable economic relationshipBEIJING (Reuters) -U.S. Commerce Secretary Gina Raimondo opened talks with Chinese government officials on Monday saying it is 'profoundly important' the world's two largest economies have a stable economic relationship. Raimondo is looking to boost business ties as U.S. firms have reported increasing challenges with operating in China, while China has sharply criticized U.S. efforts to block China's access to advanced semiconductors. Raimondo said the entire world expects the United States and China will have a stable economic relationship; the two countries share more than $700 billion in annual trade.
Read more »
Trustar plans to raise fund to manage McDonald’s China stake -sourcesBy Kane Wu HONG KONG (Reuters) - Chinese private equity firm Trustar Capital is planning to raise a so-called continuation fund that would allow it to ...
Read more »
I questioned ChatGPT about Filecoin’s 2023 performance, here’s what it saidI asked ChatGPT what Filecoin's price will be towards the end of 2023. The AI bot predicted the cryptocurrency's price to hit $150-$180.
Read more »
Chip stocks: Why Secretary Raimondo’s China visit mattersU.S. Commerce Secretary Gina Raimondo visited China this week in a bid to ease some of the tensions between the United States and China. Axios Global Tech Correspondent Ryan Heath joins Yahoo Finance Live to discuss what this means for chipmakers and for the future of U.S. and China relations. Investors and chipmakers should be “mildly encouraged” about communication between the United States and China, Heath says. “The more transparency, the more dialogue, the better for you as a chipmaker,” Heath explains. “U.S. exports to China are still basically at record levels and that also includes for some forms of chips” and the “broad environment is still reasonable encouraging,” Heath notes. Heath says Raimondo 'is extremely well regarded by the White House' and 'is treated as a serious player by the people she is talking to in Beijing, you know, that’s exactly the right person that you want there having these discussions. It doesn’t guarantee any outcomes in the future, but it gives you a solid basis for having a more functional relationship.”
Read more »