Shares in China’s Hikvision slump after report of U.S. blacklisting

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21st May

Shenzhen-listed shares in Chinese video surveillance firm Hikvision Digital Technology Co Ltd opened 10% lower on Wednesday after reports that the U.S. may blacklist the firm.


SoftBank brand Ymobile to delay launch of Huawei P30 Lite phone

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21st May

Japanese telco SoftBank Corp’s low-cost mobile brand Ymobile said on Wednesday it would delay the launch of Huawei P30 Lite smartphone, following the imposition of trade restrictions on the Chinese manufacturer by Washington.


TransferWise closes $292 million secondary funding round at $3.5 billion valuation

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21st May

Money transfer startup TransferWise has closed a $292 million secondary funding round which doubles its valuation to $3.5 billion, the company said on Wednesday.