The Caixin-Sinica Business Brief, episode 148

This week on the Caixin-Sinica Business Brief: A former Beijing deputy mayor has been arrested for accepting roughly $20 million in bribes; short-video app Kuaishou saw its shares nearly triple on its first day of trading in Hong Kong; and the expansion of China’s services sector continues to slow.

In addition, we speak with Caixin Global managing editor Doug Young about Huawei’s involvement in a domestic scandal in China.

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