Julia Fioretti

(Bloomberg) -- The US imposed sanctions on three Chinese firms for providing satellite imagery to Iran, enabling its military strikes on American

ByteDance Ltd. has boosted planned spending on artificial intelligence infrastructure this year by 25% to 200 billion yuan ($29.4 billion), as memory chip costs rise and the TikTok owner ramps up its AI presence, the South China Morning Post reported on Saturday.

Bank of America Corp. adopted new block‑trade guidelines months after a deal now at the center of a criminal trial involving a well-known hedge fund, a Hong Kong court heard Monday.

Hong Kong-based hedge fund Pamalican Asset Management Ltd. has moved out of one of the city’s most expensive office blocks, about a year after Millennium Management pulled money from the firm.

Shenzhen Adtek Technology Co. has filed for an initial public offering in Hong Kong, adding to a wave of listings by Chinese companies related to data centers and artificial intelligence.

Linkerbot, a Chinese startup that specializes in making highly dexterous robotic hands, is considering an initial public offering in Hong Kong, according to people with knowledge of the matter.

Fosun International Ltd. has picked banks for a planned Hong Kong initial public offering of holiday resort operator Club Med SAS, according to people familiar with the matter.

Reliance Industries Ltd.’s plan to sell shares in digital arm Jio Platforms Ltd. — potentially India’s biggest-ever initial public offering — is running into a thicket of challenges exacerbated by the war in Iran.

Hong Kong-listed biotech firm Insilico Medicine Cayman TopCo is considering a secondary listing in Abu Dhabi, people familiar with the matter said, in a deal that would make it the first company from outside the Gulf to list shares on a regional exchange.

The optical components maker might raise at least $200 million in a share sale, sources said, asking not to be identified because the information is private.