HONG KONG (Reuters Breakingviews) - China has been giving fair warning. Telecoms equipment maker ZTE has agreed to plead guilty for violating U.S. export controls. The charges could have been more severe and the $892 million fine is manageable for the $9 billion company. More powerful is the message: the new U.S. administration is prepared to take action against corporate giants to rein in troublesome nations.
HONG KONG (Reuters Breakingviews) - Stock-market investors have sent a love letter to China's FedEx. A rally in the newly listed firm behind SF Express makes boss Wang Wei one of China's richest men. At roughly $40 billion, his company is now worth nearly as much as Deutsche Post. That looks like an overreaction, driven by hype over e-commerce and a shortage of tradable shares.
HONG KONG (Reuters Breakingviews) - Fatigue may be setting in for some Chinese soccer investors. LeEco has just lost the rights to screen top Asian matches. The cash-strapped group, led by hyperactive entrepreneur Jia Yueting, has unique problems. Still, some others have probably over-stretched too.
HONG KONG (Reuters Breakingviews) - China may have another way to get around IPO reform: luring tech unicorns with easier listings. The securities watchdog is mulling faster IPO approvals for big tech names. Letting Jack Ma's Ant Financial, last valued at $60 billion, jump the queue may convince other entrepreneurs to list at home, eschewing venues in New York and Hong Kong. But this would be a poor substitute for meaningful reform.
HONG KONG (Reuters Breakingviews) - Apple is planting the seeds for India's iPhone awakening. The $695 billion company is nearing a deal to assemble its iconic phone in Karnataka, a southwestern state in one of the world's fastest growing handset markets. That would help lower retail prices and boost potential sales at a time when the Cupertino-based firm is losing its footing elsewhere in Asia.
HONG KONG (Reuters Breakingviews) - Foxconn's $7 billion U.S. bet goes beyond politics. Building a huge TV-screen factory in America would fit neatly with President Donald Trump's push to create domestic jobs. Grabbing a share of the U.S. market could also help the Taiwanese iPhone maker revive recently acquired subsidiary Sharp.
HONG KONG (Reuters Breakingviews) - Samsung Group is leading U.S. hedge fund Elliott away from its comfort zone. A national corruption scandal and the unclear fate of the group's de facto leader Jay Y. Lee cast uncertainty over the investor's second big showdown in South Korea and most high-profile bet in Asia.
Hong Kong (Reuters Breakingviews) - LeEco's rescue is rewarding bad habits. Hong Kong-listed property developer Sunac China is ploughing funds worth more than half its market value into the sprawling and overstretched TVs-to-electric cars group led by billionaire Jia Yueting. The partnership makes Jia's earlier pledge to slow down sound unconvincing, and could lead Sunac astray too.
HONG KONG (Reuters Breakingviews) - The plot should improve for China's silver screen in 2017. Ticket sales are on track to grow at their slowest pace in a decade in 2016, to a bit more than $6 billion. The picture could then brighten as a promising slate of films wins back moviegoers and investors.
HONG KONG (Reuters Breakingviews) - Hong Kong has modestly burnished its financial-centre credentials with beauty-app Meitu's $629 million listing, the biggest tech deal in a decade. Other Chinese entrepreneurs are watching intently. But Hong Kong's lacklustre aftermarket may still send mainland unicorns galloping to New York.