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* Novartis’s China foray follows Pfizer deal in September * Swiss drugmaker playing catch-up on cancer immunotherapy * Novartis CEO was previously tepid on Chinese assets Jan 12 (Reuters) - Swiss drugmaker Novartis paid $650 million to snag an immuno-oncology drug from BeiGene Ltd , the latest Western drugmaker turning to China for must-have assets to fill holes in their cancer portfolios. Novartis Chief Executive Vas Narasimhan’s move, which could bring $1.55 billion in milestone payments and royalties for BeiGene, is also an about-face from comments two years ago when he raised data qua...

(Repeats to amend headline tag, no change to text) HONG KONG, Jan 11 (Reuters) - International businesses in Hong Kong see law and order as key for investing, a city government official said on Monday, in response to concern about the impact of a sweeping national security law on the business environment. Secretary for Commerce and Economic Development Edward Yau said in an interview at a Reuters Next conference that the fact that more money was coming into Hong Kong than leaving was a sign of confidence in the global financial hub. Many businesses and trade associations have raised concern t...

With uncertainties regarding U.S. elections fading, some investors expect company earnings and economic data to play a greater role in moving stock prices this year.

(Repeats with no changes to text) BEIJING, Jan 7 (Reuters) - China’s Baidu Inc plans to form a company to make smart electric vehicles (EV), two sources familiar with the matter said, with manufacturing to be carried out at plants owned by automaker Geely. Baidu, the leading search engine company in China, will take a majority stake and absolute voting power in the new company. The venture will revamp some of Geely’s existing car manufacturing facilities to make the vehicles, with in-car software input from Baidu and engineering know-how from Geely, sources told Reuters. The companies are...

* First batch of investment to be up to $200 mln - Envysion CEO