Chow and Wong gained notoriety during the 79-day “umbrella movement” protests in 2014 that demanded universal suffrage for Hongkongers. As a result of those protests, Wong, Chow, and their fellow activist now living in the UK, Nathan Law, co-founded the pro-democracy Demosisto political party. Its four candidates elected to the legislative council were disqualified for modifying the oath of office when they tried to take their seats. The party was formally disbanded after the introduction of the national security law in June. … [Read more...] about Hong Kong activist Joshua Wong jailed for 13 and a half months over protest
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Competitive Intensity Indian start-ups are heavily funded by Chinese investors such as Alibaba and Tencent. Bankers have previously said they were looking to bolster their presence in the country with an aim to grow their revenue outside China. Alibaba has invested over $4 billion in India so far and had plans to invest around $5 billion in 2021, which have now been put on hold, one of the sources said. Alibaba did not respond to a request for comment. Ant first invested in Paytm in 2015 and owns its 30% stake in the firm via its parent company, One97 Communications, according to Ant's initial public offering prospectus, which described the Indian firm as a major associate. In addition to the tighter investment rules for Chinese companies in India, tougher competition is likely another factor behind Ant's calculations regarding Paytm, which is losing its dominance, two of the people said. Untitled Carousel UK approves Pfizer-BioNTech COVID-19 vaccine, first in the worldPfizer … [Read more...] about Chinese Fintech company Ant Group considering selling stake in Paytm amid rising tensions between India and China?
NEW ADMINISTRATION: President-elect Joe BidenJoe BidenTrump alludes to possible 2024 run in White House remarks Tiger King's attorney believes they're close to getting pardon from Trump Cruz urges Supreme Court to take up Pennsylvania election challenge MORE on Tuesday called on Congress to pass a “robust package” of coronavirus relief during the lame-duck session. While introducing former Federal Reserve Chair Janet YellenJanet Louise YellenThe Memo: Tension builds around key Biden nominees Biden takes steps toward creating diverse Cabinet On The Money: Biden announces key members of economic team | GOP open to Yellen as Treasury secretary, opposed to budget pick | GAO: Labor Department 'improperly presented' jobless data MORE as his nominee to lead the Treasury Department, Biden repeatedly emphasized his agenda for job creation and an equitable economy for all Americans rather than those at the top. “They deserve and expect nothing less,” he said, offering a … [Read more...] about The Hill’s Morning Report – Presented by Mastercard – Barr splits with Trump on election; pardon controversy