Two Chinese artificial intelligence chip startups are seeking to raise a combined 12 billion yuan ($1.65 billion) in initial public offerings, hoping U.S. curbs on advanced chip sales to China will boost local demand for their products, their filings show.
U.S. Secretary of State Marco Rubio hosts his Australian, Indian and Japanese counterparts on Tuesday, seeking to boost efforts to counter China even as trade and other bilateral disagreements introduce friction into the relationships.
China's resale home prices fell at a faster pace in June, highlighting the persistent weakness in the crisis-hit property market despite a slew of policy support measures, a private survey showed on Tuesday.