SoftBank's Vision Fund is the second-largest shareholder of Paytm, whose shares have tumbled more than 60% since it went public a year ago

Analysts think the switch is down to a view that Pinduoduo's global ambitions and cheaper products give it an edge over JD.com's domestic business

According to its IPO prospectus, the chip unit listing aimed to raise $281 million to fund projects and replenish capital

FTX founder and former chief executive Sam Bankman-Fried, said he expanded his business too fast and failed to notice signs of trouble at the exchange

Investor sentiment remained cautious after a top US central banker warned investors against getting carried away over one inflation number

TikTok is on track to generate close to $10 billion in ad revenue this year, eclipsing the likes of Twitter and Snapchat, NYT said

A source said the group made the move partly because of concerns about a backlash in Washington against bankrolling the Chinese government with US capital, the report said.

The Institute of International Finance said Chinese bond markets have suffered total outflows of $105 billion over nine months, while Chinese stock portfolios lost $7.6bn in October, the most since March.

Moves by the Politburo caused Hong Kong's Hang Seng Index to soar by over 7% on Friday, while Shanghai's benchmark CSI 300 jumped by 3% and the yuan hit a one-month high

The US Trade Representative's office said the latest talks between Taiwan and officials from six US agencies went well, before they wound up in New York on Wednesday

Chinese takeover would endanger public safety because of China's "deliberate, strategic approach to knowledge discovery and production control", German Economy Minister Robert Habeck said.

Nvidia has confirmed that it is offering the A800, a new advanced chip in China that meets export control rules imposed by the Biden Administration a month ago.