Shanghai Composite Index Fell 0.84% on Monday
Below is a rundown of the top China business and finance stories, plus other news for the day:
Business growth models of Tencent, Alibaba, ByteDance and rivals face risks as government presses them to quit blocking links to one another’s services
Hunan, Guangdong, Liaoning, Jilin and Heilongjiang are resorting to power cuts and rationing on industrial users, though some residents have also been affected
Li Xingwen has sued plenty of companies for violating his hundreds of patents. But his tactics in suing a pre-IPO company seem to have gone too far
Brothers of now-arrested Chairman Chen Feng and late co-founder Wang Jian wove a web of businesses that conducted secret dealings with bankrupt conglomerate
Company says Hainan cops have placed its executives under ‘coercive measures,’ which can include residential surveillance or detention
Potential merger, which could also involve a local government, would form second-largest company in nation’s heavy rare earth sector
Chip crunch forces China smartphone shipments down 10%, augmented reality glasses startup Nreal bags $100 million funding
Premiums collapse as cash-strapped companies grow wary of bidding up prices and housing demand cools
Wang Like, who also oversaw law enforcement in Jiangsu province, was booted from the party for disloyalty and after a probe found evidence he provided a ‘protective umbrella’ to shelter ‘evil forces’
Betting on the growth potential of AI medical imaging, the Beijing-based company plans to use funds to bolster research and development
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