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Top related persons:
Brenda Goh - 2 Aly - 1 ByteDance - 1 Josh YE - 1 Mark Potter - 1 Janet Yellen - 1 Mark Schiefelbein - 1 Biden - 1
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Search resuls for: "Brenda Goh Josh Ye"


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☆ TikTok owner ByteDance offers to buy back shares from staff at $160 apiece
  + stars: | 2023-11-08 | by ( Brenda Goh Josh Ye | Brenda Goh | Josh Ye | ) www.reuters.com   time to read: +1 min
The price valued the company at $223.5 billion, about 26% lower than a valuation a year earlier, the Reuters report said. Last year, ByteDance was valued at $300 billion in a buyback program offered to its non-U.S. employees. The latest $160 price is higher than the $155 price set in an earlier April buyback, the person added. A ByteDance spokesperson confirmed the share buyback plan for employees outside the U.S., saying it aimed to provide liquidity options for staff through such programs. Buybacks allow employees to cash in shares without waiting for the company to list on the stock market.
Persons: Aly, ByteDance, Brenda Goh, Josh YE, Mark Potter Organizations: REUTERS, Rights, Reuters, Thomson Locations: Shanghai, China, Rights SHANGHAI, HONG KONG, United States, U.S, Hong Kong
☆ China rebukes US over latest chip restrictions
  + stars: | 2023-10-18 | by ( Brenda Goh Josh Ye | Brenda Goh | Josh Ye | ) www.reuters.com   time to read: +3 min
Washington on Tuesday said it plans to halt shipments to China of more advanced artificial intelligence chips designed by Nvidia and others. It also restricted a broader swathe of advanced chips and chipmaking tools to a greater number of countries including Iran and Russia, and blacklisted Chinese chip designers Moore Threads and Biren. China's CSI Semiconductor Index (.CSI931865) dropped 1.4% on Wednesday following the announcement, while the STAR Chip Index (.STARCHIP) lost 1.2%. AI stocks were further hit after the U.S. announced further controls on Nvidia chip exports to China, UBS wrote in a note to clients. Moore Threads said it was communicating with all parties involved and evaluating the impact.
Persons: Janet Yellen, Mark Schiefelbein, Biden, Moore, Yang Wang, Charlie Chai, Xi Jinping, Biren, Shen Yiming, Bernadette Baum, Kirsten Donovan Organizations: Treasury, Rights, Washington, Nvidia, CSI Semiconductor, U.S, UBS, Biren, Thomson Locations: United States, Diaoyutai, Beijing, China, Rights SHANGHAI, BEIJING, U.S, Iran, Russia
☆ China to waive security checks for some data exports
  + stars: | 2023-09-28 | by ( Brenda Goh Josh Ye | Brenda Goh | Josh Ye | ) www.reuters.com   time to read: +2 min
The Cyberspace Administration of China (CAC) said it was considering waiving data export security assessments for activities such as international trade, academic cooperation, cross-border manufacturing and marketing that do not contain personal information or important data. Alex Roberts, a Shanghai-based lawyer at Linklaters, said the new rules are "a great signal for foreign investment and trade into China". You Yunting, a lawyer with Shanghai-based DeBund Law Offices, said the new rules "represents a certain degree of relaxation in data export regulation" in China. He added that the new rules could keep the cross-border transfer of human resources data low for companies. The previous rules were causing consternation among international businesses in China as some fear they could be cut off from assessing their human resources data from within China.
Persons: Alex Roberts, Brenda Goh, Josh Ye, Christina Fincher, Alison Williams Organizations: Cyberspace Administration of China, European, Reuters, Thomson Locations: SHANGHAI, HONG KONG, China, Shanghai, Linklaters, Hong Kong
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