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Industry News
Source: UAE-China Chamber of Commerce (UECN)

China Grants Antitrust Clearance for Savvy Games Acquisition of Moonton

China's State Administration for Market Regulation granted unconditional antitrust approval for Saudi Arabia's Savvy Games Group to acquire video game developer Moonton from ByteDance. The transaction, agreed in March 2026, is valued at over $6 billion. The acquisition transfers ownership of the title Mobile Legends: Bang Bang to the Public Investment Fund subsidiary.

China–UAE News
Source: China Daily

Covestro and UAE Owner ADNOC Expand Green Investments in China

Materials manufacturer Covestro showcased advanced solutions at the China International Import Expo in Shanghai alongside its majority owner, Abu Dhabi National Oil Company. During the event, the company signed an agreement with Chinese firm MEGA P&C Advanced Materials to develop coatings for renewable energy hardware. Covestro also announced plans to expand its research and investment operations in China.

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