Business

US blacklists Xiaomi, CNOOC, Skyrizon, raising heat on China

The U.S. government has blacklisted Chinese smartphone maker Xiaomi Corp. and China's third-largest national oil company for alleged military links, heaping pressure on Beijing in President Donald Trump's last week in office.

Business

Google muscles up with Fitbit deal amid antitrust concerns

Google has completed its $2.1 billion acquisition of fitness-gadget maker Fitbit, a deal that could help the internet company grow even stronger while U.S. government regulators pursue an antitrust case aimed at undermining ...

Business

China begins anti-monopoly probe into tech giant Alibaba

China has launched an anti-monopoly investigation into Alibaba, regulators said Thursday, sending the share price of the e-commerce giant tumbling and intensifying the troubles of its billionaire founder Jack Ma.

Business

SK Hynix in $9 bn deal for Intel's flash memory chip business

The world's second-largest chipmaker, South Korea's SK Hynix, announced a record $9 billion deal Tuesday to buy Intel's flash memory chip operation as it seeks to bolster its position against rival behemoth Samsung Electronics.

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