The rally in the Hang Seng Tech Index, which tracks Chinese tech stocks listed in Hong Kong, fizzled out toward the end of this week amid headlines of fresh China tech crackdown, trimming its weekly gain to 7.3%.
Apple Inc.'s agreement to ease App Store restrictions for small developers does not address the basic aspects of their "anti-competitive and unfair practices", Spotify says in a tweet.
Investors would jointly hold 5.6% stake in Zeekr, valuing the Chinese electric car maker at around $9 billion. The company doesn’t currently have a clear plan for its initial public offering.
Affirm's tie-up will allow select Amazon customers to split the total cost of purchases of $50 or more into simple monthly payments using its service. The feature will roll out to more customers in the coming months.
