Dropee said that it will use the funding to kickstart market expansion, hire new talents, and introduce new product features B2B eProcurement marketplace from Malaysia Dropee has closed MYR1.4 million (US$341,000) seed funding led by Vynn Capital. Participating in the round is Prasetia Dwidharma. Dropee has said that the financing will be directed towards market […]
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WASHINGTON: A bipartisan group of U.S. lawmakers introduced bills on Wednesday that would ban the sale of U.S. chips or other components to Huawei Technologies Co Ltd , ZTE Corp or other Chinese telecommunications companies that violate U.S. sanctions or export control laws.
A handful of Hong Kong-listed stocks suddenly plunged in afternoon trading, with Chinese property developers Jiayuan International Group Ltd and Sunshine 100 China Holdings Ltd sinking more than 70%.
Jiayuan has US$350 million in debt due to mature today, according to data compiled by Bloomberg. Rentian Technology Holdings Ltd tumbled as much as 83%, while Chiho Environmental Group Ltd lost a record 32%. The Hang Seng Composite Index was down 0.5%.