TikTok warns it may take legal action after Trump issued orders banning the social media app and WeChat from operating in the U.S. China allows a troubled bank to go bust. The country's foreign trade reveals mixed results. Plus, the White House seeks to step up pressure on U.S.-listed Chinese companies.

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China doesn't want a “new Cold War”with the U.S. Chinese banks gain a victory against their regulator. More flights from Japan and South Korea to China. Tencent is creating a game-streaming giant. Plus, The U.S. intends to purge "untrusted" Chinese apps.

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China's services sector softens, Caixin data shows. The country rolls out incentives to support integrated circuit and software industries. China's central bank sets up a fintech unit. For Luckin Coffee, more boardroom drama seems to be coming. A major power utility posts a sharp profit loss. Plus, a Chinese AI company sues Apple for $1.43 billion.

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New virtual banks face headwinds in Hong Kong. China's Ant is steping up its overseas expansion. The country vows to retaliate if their journalists are forced to leave the U.S. BeiDou’s core components are “100% made in China.” Plus, TikTok’s owner says the U.S.’ ultimate goal is to ban it.

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Microsoft confirms it is still looking to buy the U.S. operations of TikTok. China’s economic recovery may continue, Caixin data shows. The country plans to give foreign investors more market access. More flights from China? The U.S. says no. Plus, How Ant Group grew into an elephant-sized behemoth?

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