In the news: Germany reconsiders Grand Chip-Aixtron, two bicycle-sharing startups go head-to-head, Amazon competes with Alibaba, and China supports SMEs and tightens food safety

The German economics ministry revoked its approval of the $740M semiconductor deal, the race between Didi and Tencent-backed Ofo and Mobike was discussed, Amazon launched Prime free-shipping in China, the NPC reviewed pro-SME legislation and the State Council drafted a revised food safety law

15 minute readNovember 01, 2016 at 11:20 PM

Katherine Jo

& clp articles

Germany withdraws approval of Aixtron takeover

Germany's economics ministry has withdrawn its clearance of a €670 million ($740 million) acquisition of Aixtron SE by Grand Chip Investment GmbH, the German unit of China's Fujian Grand Chip

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