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Chinese internet giant Tencent Holdings Ltd has offered to buy out the country's second-largest search engine Sogou Inc in a .1 billion deal, which analysts say could help Tencent build up its online search business and fend off competition from potential market entrants such as ByteDance and Alibaba.
Chinese manufacturers who mainly export to the US will likely benefit as lower rates of personal income tax in the United States are expected to boost savings and disposable income, leading to an increase in household consumption.
Chinese electric car startups that have put the bit between their teeth to navigate a labyrinth of financial hardships, weaker demand and the coronavirus pandemic are seeing signs of approval from both customers and investors.
Chinese e-commerce giant Alibaba Group Holding Ltd has joined hands with China Great Wall Asset Management Co Ltd, one of the country's four largest State-owned distressed asset managers, to expand its presence in non-performing asset auctions.
Chinese e-commerce giant JD reported its accumulated sales from Nov 1 until 0:09 am Nov 11 reached a staggering 200 billion yuan (.3 billion) during this year's Nov 11 Singles Day shopping extravaganza, and continued to climb through the rest of the day.
