Company would focus on information and communications technology infrastructure and smart devices, rotating chairman Guo Ping said in a New Year letter to workers

The Chinese company is seeking to overturn consumers’ long-held notion that it is a budget brand

Apple may have to face a vote on the proposal at its annual shareholder meeting next year, barring a deal with the shareholders who made it

Eligible Tencent shareholders will be entitled to one share of JD.com for every 21 shares they hold and in total the firm will distribute 457.3 million shares

The company said the services it intends to continue do not fall under the order requiring a halt to its common carrier operations, arguing it qualifies as a private carrier

China Mobile said in a prospectus it plans to sell up to 845 million shares at 57.58 yuan apiece, raising over 48 billion yuan ($8.8bn) before an over-allotment option is exercised.

The steepest decline came this year amid crackdowns on Big Tech platforms and internet content

The exposures, which factor in a refund of withholding tax, were fully disclosed as contingent liabilities in audited financial statements in prior periods, Singtel said

In November, China reported 5G phone shipments of 28.97 million units, a year-on-year increase of 43.9%

China has reined in its most successful and freewheeling tech giants while European countries have attracted further investment

Weibo, which raised $385 million, opened at HK$256.20 after pricing its shares at HK$272.80, and slipped to HK$254 in afternoon trading

Smartphone maker will continue to work on flagship phones, especially folding models, as well as the Mate and P series