Caixin China Biz Roundup: Beijing to Slap Sanctions on U.S. Companies Following Arms Sale to Taiwan

In today’s episode: China imposes unspecified sanctions on Raytheon, Lockheed and Boeing after U.S. approves $1.8 billion weapons sale to Taiwan; the founder of Momo dating app appears to have fallen out of love with his CEO position; and how Ant Group could score the world’s largest IPO ever