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BUSINESS & TECH

Foxconn’s Unit Gets Speedy Approval for Shanghai IPO

Jiang Yang, vice chairman of China’s security regulator, said the listing of Foxconn would be a “good thing.” Photo: VCG
Jiang Yang, vice chairman of China’s security regulator, said the listing of Foxconn would be a “good thing.” Photo: VCG

Foxconn Industrial Internet, a unit of the world's largest contract electronics manufacturer that assembles Apple's iPhones, won speedy approval on Thursday for its initial public offering in China.

The approval took just 36 days — a breathtaking pace in China that underscored the county’s determination to attract new economy companies to its stock markets.

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