Caixin
Caixin Global – Latest China News & Headlines

Home >

TRENDING
Moore Threads Plans Hong Kong Listing to Fuel AI Chip Push
Alibaba Opens Qwen Platform to Outside Developers in Push to Build AI-Agent Ecosystem
Cautious Regulators Steer China’s Flying Vehicle Industry to Prioritize Cargo Over Commuters
LATEST
Cautious Regulators Steer China’s Flying Vehicle Industry to Prioritize Cargo Over Commuters
Alibaba Opens Qwen Platform to Outside Developers in Push to Build AI-Agent Ecosystem
Moore Threads Plans Hong Kong Listing to Fuel AI Chip Push
Beyond the Backflips: Unitree Robotics Faces High Expectations Ahead of Shanghai Debut
ByteDance Accepts AI Gap, Sticks With In-House Models
MiniMax Shares Surge After Joining Hong Kong Stock Connect
Chinese Robotics Startup PokeBot Raises Hundreds of Millions of Dollars
U.S. Drafts Ban on Chinese Optical Modules, Exposing Mutual Supply Chain Risks
Alibaba Releases New Qwen Model, Consolidates AI Office Tools
DeepSeek Releases Official V4-Flash Model as China’s AI Race Intensifies
ByteDance, MiniMax Roll Out Upgraded AI-Video Models
Zhongji Innolight Slides in Hong Kong Debut Following $7 Billion IPO
Zhongji Innolight Rebounds After Buyback Plan, Easing Jitters Ahead of Hong Kong Debut
Lenovo Capital Executive Warns of Reckoning for China’s Crowded AI-Powered Robotics Sector
U.S. Takes Aim at Chinese Robot-Makers With Sweeping Import Ban
SK Hynix’s Earnings Miss Adds to Anxiety Over AI Boom
Consumer-Electronics Makers Bet on AI Agents as Phones, Glasses Compete
Moonshot Open-Sources Kimi K3 as U.S.-China AI Tensions Intensify
TikTok Faces New EU Penalty Threat Over Children’s Safety
AgiBot Begins Hong Kong IPO Process as China’s Embodied-AI Startups Race to List

By Dave Yin / Nov 20, 2018 03:01 PM / Business & Tech

Shanghai Disneyland. Photo: VCG

Shanghai Disneyland. Photo: VCG

Walt Disney Co. is sighing in relief. The company said this week that it has won unconditional approval from Chinese authorities for its $71 billion purchase of assets from 21st Century Fox, assuaging fears that China may block the deal on account of its trade spat with the U.S.

According to Bloomberg, the ruling removes one of the last major hurdles for the deal, which brings together entertainment assets of Rupert Murdoch’s empire with Disney. The latter has already obtained approval from regulators in the U.S. and the European Union, and has agreed to their requirements around divestiture.

Disney invests heavily in China, including in theme parks in Shanghai and Hong Kong.


Share this article
Open WeChat and scan the QR code