Ant Group is taking its IPO to Hong Kong and Shanghai. Why is it skipping New York?

And is it a sign of things to come for relations between the U.S. and Chinese economies?
The financial technology company based in China will be going public in what could be one of the biggest IPOs in history.
AFP via Getty Images

China passes national security law for governing Hong Kong

Some fear that the new law will take away freedoms that make Hong Kong the only real global financial center in China.
Chinese authorities repeatedly said the law is aimed at a few "troublemakers" and not investors, but people are nervous.
Isaac Lawrence/AFP via Getty Images

Chinese officials accuse Trump administration of double standard when it comes to protests

Jun 1, 2020
They accused the president of praising Hong Kong protesters, but cracking down harshly on demonstrators in the United States.
Anthony Kwan/Getty Images

Trump terminates WHO funding, Hong Kong trade status

May 29, 2020
The administration's actions are expected to weaken the global health organization during the coronavirus pandemic and escalate tensions with China.
President Trump during his press conference at the White House on Friday.
Mandel Ngan/AFP via Getty Images

U.S. business lobby warns administration against ending Hong Kong's status

May 26, 2020
U.S. officials suggest countering Beijing by downgrading ties with Hong Kong, drawing protests from business lobby.
Protesters take over the streets of Hong Kong last year. The global financial center is at risk of losing its special status with the U.S.
Anthony Kwan/Getty Images

U.S. videogame giant seeks next approval in China, despite controversy over punishing Hong Kong gamer

Nov 22, 2019
The Chinese gaming market is estimated at more than $30 billion, second only to that of the United States.
Anthony Wallace/AFP via Getty Images

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Protests rock Hong Kong and its economy

Jul 30, 2019
Two months of massive demonstrations could be hampering tourism and international investment.
Protesters are enveloped by tear gas on a street during a demonstration in the area of Sheung Wan on July 28 in Hong Kong.
Billy H.C. Kwok/Getty Images

Shenzhen: birthplace to Huawei — plus several other Chinese tech behemoths

Jun 27, 2019
The city has made a name for itself as China's Silicon Valley with three factors: government support, speed and location.
The Shenzhen skyline, including the Shenzhen World Financial Center illuminated by green lights, in 2010.
Daniel Berehulak/Getty Images

Electronics giant Xiaomi heads for Hong Kong IPO

Jul 6, 2018
Xiaomi isn’t a household name in the U.S., but with a $54 billion valuation, its initial public offering is one of the biggest the world’s seen in years. Click the audio player above to hear the full story.