Globally, business insolvencies are expected to jump 15% on year in 2022 following two consecutive years of decline, said trade credit insurer Euler Hermes.
Facebook has apologized for the mass outage that left billions of users unable to access Facebook, Instagram, WhatsApp and Messenger for several hours.
TikTok's turnover in Europe grew 545% to $170.8 million last year but losses climbed to $644 million, according to a filing with the U.K.'s company registry.
Markets in Hong Kong were closed for a holiday on Friday, while those in mainland China are closed for the Golden Week holiday from Friday till October 7.
China's official manufacturing Purchasing Managers' Index for September came in at 49.6 on Thursday, below the 50 mark that separates growth from contraction.
At CNBC's Delivering Alpha conference on Wednesday, investor Katie Haun said the U.S. should see China as a cautionary tale when it comes to regulating crypto.
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