Kong

Disney’s ‘Mulan’ sparks backlash over ties to Xinjiang, Hong Kong

By Brenda Goh

SHANGHAI (Reuters) – Walt Disney Co’s release of “Mulan”, which is set in China and meant to appeal to audiences there, has provoked a backlash on social media over its star’s support of Hong Kong police and for being partly filmed in the Xinjiang region.

Hong Kong democracy activist Joshua Wong and internet users in Taiwan and Thailand are among those who promoted hashtags “#BoycottMulan” and “#BanMulan” on Twitter, following this month’s launch of the film on Disney’s streaming platform.

It will also be shown in cinemas in China – an increasingly important market for Hollywood studios – from Sept 11.

Disney’s shares rose 1.7% to $134.20 on the New York Stock Exchange on Tuesday as investors shrugged off the backlash on hopes that subscribers to the company’s streaming video service in the United States and other markets paid $30 over the weekend to watch the film

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Ant Group Cites U.S. Risks in Filing for Hong Kong, Shanghai IPO

(Bloomberg) — Billionaire Jack Ma’s Ant Group warned that rising U.S.-China trade tensions threaten its business as it gears up for an initial public offering that could give it a valuation as big as Bank of America Corp.

The Chinese e-commerce and fintech giant highlighted the geopolitical tensions in its filings for a dual IPO in Hong Kong and Shanghai late Tuesday, citing possible U.S. export controls and trade sanctions as key expansion risks.

Unlike Chinese tech firm such as Ma’s Alibaba Group Holding Ltd., Ant decided against listing in the U.S. amid increased scrutiny by the Trump administration of Chinese companies, and warnings to U.S. endowment funds to offload their stakes in U.S.-listed Chinese businesses.

“The greater concern is that if the U.S. passes a sanction of some sort, the othermarkets in India, Southeast Asia where Ant is looking for growth could be affected,” said Mark Tanner, managing director

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