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11.12.25 - 17:01
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ZTE Faces Renewed U.S. Scrutiny Over Alleged Venezuela Bribery (Caixin)
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ZTE Corp. confirmed it is in discussions with the U.S. Department of Justice over a new investigation into potential violations of the Foreign Corrupt Practices Act, after reports surfaced suggesting the Chinese telecom equipment maker could face penalties exceeding $1 billion.
The Shenzhen- and Hong Kong-listed company said in a Thursday statement that its operations remain normal, and it will “resolutely safeguard its rights and interests through legal means.”
“ZTE opposes all forms of corruption and maintains a zero-tolerance attitude toward any individuals who may be involved,” the company said.
The statement followed a Reuters report claiming the Justice Department has launched a fresh probe into alleged bribery in South America and other regions tied to efforts by ZTE to win contracts — potentially in violation of U.S. anti-corruption laws.
Citing unnamed sources, the report said U.S. officials are working on a proposed settlement that could see ZTE pay more than $1 billion, with the total...
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11.12.25 - 11:45
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HKD1B Southbound Trading Net Inflow to XIAOMI-W (AAStocks)
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There was HKD1 billion Southbound Trading net inflow to XIAOMI-W (01810.HK). There was HKD417.4 million, HKD403.4 million and HKD358.6 million Southbound Trading net outflow from BABA-W (09988.HK), SMIC (00981.HK) and ZTE (00763.HK).For Southbound Trading of Shanghai-Hong Kong Stock Connect, BABA-W (09988.HK) was the most active......
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11.12.25 - 10:06
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ZTE hit by US foreign bribery probe with fines exceeding US$1bn (Digitimes)
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Chinese telecom equipment maker ZTE Corp. is again under regulatory scrutiny, as the US Department of Justice (DOJ) investigates alleged foreign bribery that could lead to more than US$1 billion in fines, Reuters reported. The Foreign Corrupt Practices Act (FCPA) probe covers ZTE's activities in Latin America and other regions, raising the risk of fresh penalties and the possible reinstatement of export restrictions if talks fail....
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11.12.25 - 06:21
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ZTE Corp shares slide on report of over $1 bln fine to US govt (Investing.com)
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Reuters reported that ZTE faces an over $1 billion fine to resolve U.S. allegations of bribery and fraud in its foreign operations. The report said that U.S. officials are working on a resolution to a years-long probe into the Chinese company, with one source stating that a fine of over $2 billion was also possible..
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11.12.25 - 02:30
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ZTE May Pay US Govt USD1B+ to Settle Overseas Bribery Allegations: Report (AAStocks)
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ZTE (00763.HK) may pay the US government over USD1 billion or even as much as USD2 billion or more to settle allegations of overseas bribery that have persisted for years, Reuters reported, citing sources.Sources disclosed that the US Department of Justice had already launched an investigation into ZTE this year, accusing it of ......
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02.12.25 - 12:06
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ByteDance-powered AI phone snapped up by consumers keen to try agentic assistant (SCMP)
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The first smartphone running on ByteDance's artificial intelligence agentic phone assistant sold out on the first day, as consumers jumped at the chance to try the AI-powered gadget that could change the way people use mobile phones.
The ZTE Nubia M153, an “engineering prototype” only available for order online, was keenly sought after thanks to ByteDance's embedded operating-system-level Doubao Mobile Assistant, which is able to carry out tasks such as booking restaurants or editing photos via......
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02.12.25 - 06:15
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H Shrs: HSI Rises 28 Pts at Midday; MEITUAN-W Slips ~3%; ZTE Sinks 6%+ (AAStocks)
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The HSI concluded the midday at 26,061, up 28 points or 0.1%. The HSCEI fell 2 points to 9,170. The HSTECH dropped 29 points or 0.5% to 5,614. The total market turnover for the half-day amounted to HKD98.997 billion.In the tech sector, BABA-W (09988.HK) leaped 1.5% at midday. It granted 6.1158 million incentive shares under its ......
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