1 PRIME MINISTER OYUN-ERDENE VISITS EGIIN GOL HYDROPOWER PLANT PROJECT SITE WWW.MONTSAME.MN PUBLISHED:2025/04/30      2 ‘I FELT CAUGHT BETWEEN CULTURES’: MONGOLIAN MUSICIAN ENJI ON HER BEGUILING, BORDER-CROSSING MUSIC WWW.THEGUARDIAN.COM PUBLISHED:2025/04/30      3 POWER OF SIBERIA 2: ECONOMIC OPPORTUNITY OR GEOPOLITICAL RISK FOR MONGOLIA? WWW.THEDIPLOMAT.COM PUBLISHED:2025/04/29      4 UNITED AIRLINES TO LAUNCH FLIGHTS TO MONGOLIA IN MAY WWW.MONTSAME.MN PUBLISHED:2025/04/29      5 SIGNATURE OF OIL SALES AGREEMENT FOR BLOCK XX PRODUCTION WWW.RESEARCH-TREE.COM  PUBLISHED:2025/04/29      6 MONGOLIA ISSUES E-VISAS TO 11,575 FOREIGNERS IN Q1 WWW.XINHUANET.COM PUBLISHED:2025/04/29      7 KOREA AN IDEAL PARTNER TO HELP MONGOLIA GROW, SEOUL'S ENVOY SAYS WWW.KOREAJOONGANGDAILY.JOINS.COM  PUBLISHED:2025/04/29      8 MONGOLIA TO HOST THE 30TH ANNUAL GENERAL MEETING OF ASIA SECURITIES FORUM WWW.MONTSAME.MN PUBLISHED:2025/04/29      9 BAGAKHANGAI-KHUSHIG VALLEY RAILWAY PROJECT LAUNCHES WWW.UBPOST.MN PUBLISHED:2025/04/29      10 THE MONGOLIAN BUSINESS ENVIRONMENT AND FDI: CHALLENGES AND OPPORTUNITY WWW.MELVILLEDALAI.COM  PUBLISHED:2025/04/28      849 ТЭРБУМЫН ӨРТӨГТЭЙ "ГАШУУНСУХАЙТ-ГАНЦМОД" БООМТЫН ТЭЗҮ-Д ТУРШЛАГАГҮЙ, МОНГОЛ 2 КОМПАНИ ҮНИЙН САНАЛ ИРҮҮЛЭВ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/04/30     ХУУЛЬ БУСААР АШИГЛАЖ БАЙСАН "БОГД УУЛ" СУВИЛЛЫГ НИЙСЛЭЛ ӨМЧЛӨЛДӨӨ БУЦААВ WWW.NEWS.MN НИЙТЭЛСЭН:2025/04/30     МЕТРО БАРИХ ТӨСЛИЙГ ГҮЙЦЭТГЭХЭЭР САНАЛАА ӨГСӨН МОНГОЛЫН ГУРВАН КОМПАНИ WWW.EAGLE.MN НИЙТЭЛСЭН:2025/04/30     "UPC RENEWABLES" КОМПАНИТАЙ ХАМТРАН 2400 МВТ-ЫН ХҮЧИН ЧАДАЛТАЙ САЛХИН ЦАХИЛГААН СТАНЦ БАРИХААР БОЛОВ WWW.EAGLE.MN НИЙТЭЛСЭН:2025/04/30     ОРОСЫН МОНГОЛ УЛС ДАХЬ ТОМООХОН ТӨСЛҮҮД ДЭЭР “ГАР БАРИХ” СОНИРХОЛ БА АМБИЦ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/04/30     МОНГОЛ, АНУ-ЫН ХООРОНД ТАВДУГААР САРЫН 1-НЭЭС НИСЛЭГ ҮЙЛДЭНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/04/29     ЕРӨНХИЙ САЙД Л.ОЮУН-ЭРДЭНЭ ЭГИЙН ГОЛЫН УЦС-ЫН ТӨСЛИЙН ТАЛБАЙД АЖИЛЛАЖ БАЙНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/04/29     Ц.ТОД-ЭРДЭНЭ: БИЧИГТ БООМТЫН ЕРӨНХИЙ ТӨЛӨВЛӨГӨӨ БАТЛАГДВАЛ БУСАД БҮТЭЭН БАЙГУУЛАЛТЫН АЖЛУУД ЭХЛЭХ БОЛОМЖ БҮРДЭНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/04/29     MCS-ИЙН ХОЁР ДАХЬ “УХАА ХУДАГ”: БНХАУ, АВСТРАЛИТАЙ ХАМТРАН ЭЗЭМШДЭГ БАРУУН НАРАНГИЙН ХАЙГУУЛЫГ УЛСЫН ТӨСВӨӨР ХИЙЖЭЭ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/04/29     АМ.ДОЛЛАРЫН ХАНШ ТОГТВОРЖИЖ 3595 ТӨГРӨГ БАЙНА WWW.EGUUR.MN НИЙТЭЛСЭН:2025/04/29    

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MBCC “Doing Business with Mongolia seminar and Christmas Receptiom” Dec 10. 2024 London UK MBCCI London UK Goodman LLC

NEWS

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China’s crackdown on firms trading in US could kill $2 TRILLION listings market www.rt.com

New regulations concerning listings of Chinese firms on foreign exchanges are likely to mean that Beijing aims to put a lid on the US IPO market altogether, market experts say.
The Chinese State Council said in a recent statement that all businesses with 1 million or more users will have to get approval from the country’s cybersecurity regulator if they want to list overseas. Prior to that, Beijing also announced plans to amend the rules of “the overseas listing system for domestic enterprises,” as well as to enforce control of cross-border data flows and security. These steps may bring about an end to Chinese initial public offerings (IPOs) in the US, industry experts say.
“It’s unlikely there will be any US-listed Chinese companies in five to 10 years, other than perhaps a few big ones with secondary listings,” Paul Gillis, a professor at Peking University’s Guanghua School of Management in Beijing, told Bloomberg.
Until recently, there were some 248 Chinese companies listed on US exchanges, mostly tech firms, including eight state-owned enterprises, with a total market capitalization amounting to $2.1 trillion, CNBC reported, citing the US-China Economic and Security Review Commission. Now, the Invesco Golden Dragon China ETF (PGJ), which tracks US-listed Chinese shares, has reported that the number has dropped by a third over the past six months amid the regulatory crackdown.
The situation escalated in June when China’s ride-hailing app Didi Global Inc. went for a New York listing despite objections from regulators, who reportedly suggested it list in Hong Kong instead. The company’s shares plunged nearly 20% after Beijing announced a cybersecurity probe, banning Didi’s new user registrations. US-listed Alibaba and Tencent have also recently fallen under government scrutiny.
Overall, US-traded Chinese stocks have decreased nearly 30% this month. Chinese authorities are putting high hopes on the Hong Kong exchange for domestic listings, planning to ease the regulation demanding Hong Kong IPOs seek the approval of the country’s cybersecurity regulator to make it more appealing to companies that wish to go public. Currently, the processing of IPO applications takes too much time due to the regulation.
With this in mind, the amount of new Chinese listings in the US may drop significantly in the near future, says Donald Straszheim, senior managing director of China research at Evercore ISI Group.
“Beijing [is] not trying to stop all US listings. Still, business ties between the US and China are better than not. Beijing [is] trying to add a layer of protection against corporate foreign compliance,” Straszheim said in a note to CNBC.
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Mongolia’s first woman Olympic flag bearer www.news.mn

At just 21 years old, 3×3 star O.Khulan has been selected to become the flag-bearer for Mongolia at the Tokyo 2020 Olympics, the first-ever woman to get this honor.
The 5ft 11in (1.80m) player is starting to get used to making history. She’s becomes part of the first team in Mongolian history to compete at the Olympic Games. Her country has a rich history of winning medals in individual sports such as wrestling, boxing and judo (9,8 and 7 medals respectively) but had never ever been at the Olympics in a team sport or discipline.
“I’m happy for sure,” O.Khulan said. “But the biggest emotion is the pride to be Mongolian. I just can’t wrap my head around the idea that I am given this huge opportunity on the biggest stage in sports, at the Olympics. It is every athlete’s dream to represent your country on the biggest stage possible.
After making her 3×3 debut in 2017, she became a household name on the 3×3 scene after leading Mongolia to the quarter-finals of the FIBA 3×3 U23 World Cup 2019, including a memorable buzzer-beating win against Germany.
In her perfect English – she went to school in Australia – she had given a long interview to FIBA3x3.basketball about the incredible rise of 3×3 in Mongolia.
On July 9, she officially received the national flag from Mongolian President U.Khurelsukh in an official ceremony.
O.Khulan became the second 3×3 athlete to become a flag-bearer at the Olympian opening ceremony after Latvia’s Agnis Cavars. /FIBA/
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Swiss send respirators and oxygen concentrators to Mongolia www.news.mn

Swiss Humanitarian Aid has sent 40 respirators and 45 oxygen concentrators to the Mongolian capital, Ulaanbaatar, with a total value of around CHF850,000 (USD 930,000).
“In view of the public health situation in Mongolia and in response to a request for assistance from the Mongolian authorities, Swiss Humanitarian Aid has decided to support the country in its efforts to combat the Covid-19 pandemic.
A federal air transport service plane left Dübendorf military air base outside Zurich for Ulaanbaatar on Monday. In addition to the 40 respirators provided by the Swiss Armed Forces Pharmacy, the shipment also includes 45 oxygen concentrators.
The equipment will be received in Ulaanbaatar by the local authorities and then transported to various sites, in particular to hospitals specialising in care for women and children. The Swiss representation in Mongolia is in close contact with the authorities to ensure that humanitarian goods are distributed fairly based on need, in accordance with humanitarian principles, the foreign ministry said.
The shipment sent to Mongolia is the fourth delivery of humanitarian goods from Switzerland to Asia in the past few weeks
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Working group established to improve Mongolia's rating in Corruption Perception Index www.montsame.mn

The cabinet convened irregularly on July 16 and established a working group responsible for stopping corruption, cutting red tape and improving corruption index scores.
At the meeting, Minister of Justice and Internal Affairs Kh.Nyambaatar was charged with developing and have approved a plan with intensives measures.
The Corruption Perception Index by the Transparency International, which ranks 180 countries and territories by their levels of public sector corruption according to experts and businesspeople, showed overall 35 points out of 100 in Mongolia for 2020, placing Mongolia at 111th.
Mongolia’s rating lowered by five places comes following bribery and abuse of functions by public sector officials as well as increasing bureaucratic corruption faced by businesspeople to maintain their operations and establish contracts and agreements, as the study shows.
The anti-corruption working group, consisting of representatives from public organizations in charge of corruption reduction, will be working to stop the bureaucratic corruption activities, reduce burdens and corrupt acts encountered by businesspeople and entrepreneurs, maintain correspondence of government agencies, improve regulatory framework and intensify digital transition.
The government is aiming to improve Mongolia’s ranking in the Corruption Perception Index within next two years.
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Mongolia edges towards autocracy www.aljazeera.com

The consolidation of power in the hands of the MPP is pushing the country towards a hybrid single-party regime.
On the surface, the Mongolian elections which took place on June 9 may have looked free and fair. Former Prime Minister Ukhnaa Khürelsükh of the Mongolian People’s Party (MPP) won with 68 percent of the vote, competing against Sodnomzundui Erdene of the Democratic Party (DP) and Dangaasuren Enkhbat of the National Labour Party.
In reality, candidates who could have posed a real challenge to Khürelsükh were sidelined. The two contenders who were allowed to run had no chance of winning; they only legitimised the election by providing a performative veneer of a competitive electoral race.
On June 25, Khürelsükh took the presidential oath of office, thus bringing all branches of government under the control of the MPP. This victory was very much the result of a ploy by the MPP and the country’s elite, which prefers to get rich on the back of commodity exports to China instead of working towards full democracy.
Thus, Mongolia’s democratic development has been gravely undermined, as a single-party rentier-state emerges under MPP’s rule.
A well-engineered ploy
In 1990, a peaceful democratic revolution brought about the resignation of the country’s communist leadership and the first multi-party elections were held. During the following two years a bicameral legislature, still dominated by the Mongolian People’s Revolutionary Party (MPRP), drafted and enacted a new democratic constitution, introducing a semi-presidential system.
Unlike many Eastern European countries, Mongolia did not dissolve or ban its communist-era party. With the exception of 1996 and 2012 parliamentary elections, MPRP (which in 2010 restored its pre-1925 name, MPP) has dominated Mongolia’s unicameral legislature but has lost every presidential election since 2005. In the 2017 presidential elections, Khürelsükh, then a prominent MPP leader, worked with Khaltmaagiin Battulga, the candidate of the opposition Democratic Party, to defeat the MPP candidate and take control of the party and the premiership.
In 2020, MPP won the parliamentary elections, securing a supermajority with 62 of the 76 seats. The main opposition formation, the Democratic Party, scored poorly, winning just 11 seats. Nevertheless, it was expected that Khürelsükh would continue his informal tandem with Battulga, with MPP fielding a weak candidate to run against the incumbent in the 2021 presidential election.
However, in January, following a protest against the government’s handling of the pandemic response, Prime Minister Khürelsükh suddenly resigned, surprising everyone but himself. Though he justified the move with the need to bear responsibility, to Mongolians it was clear that he was trying to rid himself of the political alliance with Battulga, to protect himself from the effect of the pandemic and to secure the presidency for himself.
In April, the Constitutional Court made a ruling with a questionable due process barring Battulga from re-running. In May, the Mongolian People’s Revolutionary Party (MPRP), which split from MPP back in 2010, signed a merger agreement with the ruling party to back Khürelsükh’s candidacy. Thus, MPRP member Ganbaatar Sainkhüügiin, arguably one of the most popular politicians in the country and a candidate in the 2017 presidential elections, was also deprived of the opportunity to run.
Subsequently, Battulga made an attempt to close down the ruling party through a decree but was simply ignored by the courts and the parliament. The DP then failed to unite its splintered factions, and its former head and an ardent Battulga critic, Erdene Sodnomzundui, was registered as the official DP candidate by Mongolia’s Election Commission. When the campaign officially kicked off, Khürelsükh and Sodnomzundui were joined by Dangaasuren Enkhbat, a tech-entrepreneur, from the National Labour Party.
It was clear from the beginning that neither Sodnomzundui nor Enkhbat had enough popularity to compete against the vast resources and access to state institutions that Khürelsükh had at his disposal for his election campaign.
The former prime minister also clearly had the backing of Mongolia’s economic and political elite, getting extensive campaign coverage on private channels and enjoying a smooth ride with the General Election Commission, which in the past had often been at odds with candidates. Even Battulga in the end gave up resistance and hinted during a TV interview that he was seeking reconciliation with Khürelsükh.
The ruling party handed out cash to its members for its 100th anniversary in early March, timed World Bank subsidies for herders to be given closer to the elections, and flooded public media with promotional content.
Given these election campaign conditions, the results were not surprising. Khürelsükh won 68 percent of the vote, Enkhbat got 20 percent, mostly from Ulaanbaatar’s economically better-off districts, and Erdene got a mere 6 percent, on par with the number of protest ballots cast.
In its post-election statement, the Office for Democratic Institutions and Human Rights at the Organization for Security and Cooperation in Europe said that a highly prescriptive campaign framework, apparent inequality of resources, excessive limitations on candidacy, overly restrictive media regulations, lack of independent information on candidates and the absence of debate had affected voters’ ability to make an informed choice.
Joining the ‘community of common destiny’
This consolidation of power by the MPP is coming against the backdrop of a major economic crisis. Mongolia, where nearly half of the 3.3 million population is either poor or at risk of poverty, gets an unhealthy majority of its foreign exchange through commodity exports to China. When the commodity supercycle, a period of sustained high prices for raw materials, stopped in 2014 due to China’s decelerating growth, the economy, which was only a few years earlier the fastest growing in the world, tanked. This necessitated an IMF bailout worth $5.5bn in 2017.
Following the crash, a debate emerged within the Mongolian elite about how much the fast turnover of governments contributed to the crisis. The idea was that if Mongolia had had a more stable government, it could have avoided the economic collapse by more effectively managing windfall revenues, attracting foreign direct investment and moving forward with large infrastructure projects, such as railways, pipelines, mines, power plants, airports, etc.
MPP took this a step further and insisted that the country cannot afford to lose the upcoming commodity supercycle – which is expected to start with economic recovery following the end of the pandemic – to domestic infighting and a concentration of political power would be conducive to the country’s development.
While counting on the China-driven commodity supercycle to pull the Mongolian economy out of the crisis, the MPP also appears to be embracing the Chinese Communist Party’s (CCP) “community of common destiny” narrative, which insists that a country does not have to be democratic in order to develop.
Since 2016, the MPP leadership have been a frequent visitor of “CCP in Dialogue with World Political Parties” conferences, through which CCP aims to win international support among foreign political parties and promote this narrative.
In May 2021, US Senators Marco Rubio and Patrick Leahy highlighted this MPP-CCP relationship in a joint letter to Secretary of State Antony Blinken, specifically pointing a finger at MPP’s Secretary-General Dashzeveg Amarbayasgalan. As if to confirm this synergy, when the Constitutional Court was deciding the fate of Battulga, who is a well-known Russophile and Sinophobe, both Russian and Chinese vaccine deliveries to Mongolia mysteriously stopped.
When the parliament accepted the Constitutional Court’s ruling, Sinopharm vaccine shipments resumed. One million doses of Sputnik V bought by Mongolia never arrived.
By following the CCP’s narrative about undemocratic prosperity, the MPP seems to be taking Mongolia on a path towards authoritarianism. If the current trend continues, the government will transform into a textbook case of an electorally autocratic hybrid regime that suppresses dissent, supports a loyal elite through natural resource rents and “pacifies” the populace with entertainment and pro-government propaganda.
Such a regime is also unlikely to try to diminish Mongolia’s overdependence on China, which currently receives 90 percent of Mongolian exports. This would only make the country even more vulnerable to Beijing’s coercive tactics.
Thus, under the leadership of the MPP and with the full approval of the economic and political elite, Mongolian democracy is dying a slow death.
The views expressed in this article are the author’s own and do not necessarily reflect Al Jazeera’s editorial stance.
BY: Munkhnaran Bayarlkhagva
Election consultant and security analyst based in Ulaanbaatar, Mongolia.
18 Jul 2021
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Yokozuna Hakuho wins 45th title www.nhk.or.jp

Yokozuna Grand Champion Hakuho defeated Ozeki Champion Terunofuji on Sunday to win his 45th title. The victory came on the final day of the July Grand Sumo Tournament in Nagoya.
Hakuho also extended his own record by winning his 16th tournament without a loss.
Terunofuji was undefeated until the final day.
Hakuho had missed six consecutive tournaments due to a knee injury since winning his last title.
After undergoing surgery in March, he suggested the future of his career depended on his performance in the July tournament.
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China’s Xiaomi overtakes Apple in global smartphone market www.rt.com

China’s Xiaomi Corporation has become the world’s second biggest smartphone producer, beating US rival Apple Inc by 3% in global shipments.
Xiaomi landed a 17% share in global smartphone shipments in the second quarter of 2021, behind Samsung with 19%, a report from research agency Canalys revealed. Apple came in third, with a 14% share of the market.
“Xiaomi is growing its overseas business rapidly,” Canalys Research Manager Ben Stanton stated in a press release, noting Xiaomi shipments have soared 300% in Latin America and 50% in Western Europe, compared to last year.
The report pushed the Chinese company’s shares 4.1% higher in Friday’s trading. Xiaomi’s success comes from a recent 83% surge in the company’s smartphone shipments, against a 15% increase for Samsung and only a 1% jump for Apple.
In its push into the premium smartphone market, the producer of everything from robot-cleaners to electronic tea-pots launched two flagship smartphones so far this year, with its Mi 11 Ultra offering one of the largest camera sensors ever installed in a smartphone. However, the average selling price of Xiaomi smartphones remains low compared to Samsung and Apple, which makes them increasingly attractive for consumers.
“Compared with Samsung and Apple, [Xiaomi’s] average selling price is around 40% and 75% cheaper respectively. So a major priority for Xiaomi this year is to grow sales of its high-end devices, such as the Mi 11 Ultra. But it will be a tough battle,” the report concluded.
Besides smartphones, Xiaomi is also testing other markets. Earlier this year the company set its eyes on launching an electric car business, and revealed plans to invest some $10 billion in the technology over the next decade
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Foreign travelers to China can now use digital yuan – central bank www.rt.com

Foreign visitors no longer need to open a bank account to make e-payments in China, the People’s Bank of China (PBOC) announced on Friday.
“Foreign residents temporarily traveling in China can open an e-CNY wallet to meet daily payment needs without opening a domestic bank account,” the bank said in its so-called white paper on e-CNY, China’s government-developed digital currency.
Despite e-payments being a major form of transactions in China, the country’s two leading mobile pay applications, operated by Tencent and Alibaba until recently, required a Chinese bank account to make payments within the country, which created difficulties for foreigners.
The PBOC’s move aims at eliminating this nuisance, with only a mobile telephone number now needed to make digital payments within the country.
“The internationalization of a currency is a natural result of market selection. The international status of a country’s currency depends on its economic fundamentals and the depth, efficiency and openness of its financial markets,” the central bank stated.
China has been developing e-CNY since 2014. Friday’s white paper outlines the main goals of the digital yuan, differentiating it from other digital payment tools by being legal tender, not requiring an actual bank account, supporting offline payments and providing “managed anonymity.”
According to the Chinese central bank, the e-CNY “collects less transaction information than traditional electronic payments and does not provide information to third parties or other government agencies unless stipulated otherwise in laws and regulations.”
The PBOC has been testing its digital yuan in China for over a year, with more than 20.87 million personal and some 3.51 million corporate wallets opened. The combined transaction value of those amounted to some 34.5 billion yuan ($5.39 billion), the paper stated.
The bank did not provide information on when the digital yuan feature would be made available. However, CNBC has reported that its employee in China was already able to access the e-CNY through their domestic bank account.
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Bad weather may cost Rio Tinto its iron ore crown www.mining.com

Rio Tinto reported a 12% fall in quarterly iron ore shipments on Friday after storms affected its West Australian operations.
The miner said it now expects to ship near the lower end of its range of 325 million tonnes and 340 million tonnes in 2021, meaning it may hand back its crown as the world’s biggest iron ore producer to Vale.
Vale, which reports output later this month, said is on track to meet the upper end of its 2021 guidance of 315-335 million tonnes, according to UBS.
Rio shipped 76.3 million tonnes of the steel-making commodity for the three months ended June 30, down from 86.7 million tonnes a year ago, just ahead of a UBS estimate of 76 million tonnes.
Benchmark iron ore price for September delivery rose 2.9% to 1,253 yuan ($193.80) a tonne on the Dalian Commodity Exchange on Thursday.
“We would have liked to have seen higher production to capitalise on these iron ore prices. Still, they are going to be swimming in cash at results time,” said analyst David Lennox at Fat Prophets in Sydney.
“Hopefully we will get a good dividend and we are looking for a share buyback as well.”
Rio is expected to post half-year underlying earnings of $10.9 billion on July 28, according to a Vuma consensus of 14 analysts, more than double the $4.75 billion it reported for the same period last year.
Rio on Friday also raised its full-year iron ore production cost guidance due to increased labour and input costs.
The miner expects unit costs of $18.00-$18.50 per tonne for the year, up from its previous estimate of $16.70-$17.70 per tonne.
Miners have been facing labour shortages as Australia has shut international borders and closed state borders.
Rio also said it delayed commissioning at its new Gudai-Darri iron ore hub to later this year and first production from its Winu copper find in Australia to 2025 from original estimates of 2023, partly due to covid restrictions.
Pilbara iron ore production of 75.9 million tonnes was 9% lower than the second quarter of 2020. Bauxite production of 13.7 million tonnes was 6% lower than the previous quarter.
Mined copper production of 115.5 thousand tonnes was 13% lower than the second quarter of 2020, with lower recoveries and throughput at Escondida as a result of the prolonged impact of covid-19, and a planned relocation of the in-pit crusher at Kennecott in April, the company said.
“Operationally we are not where we want to be,” Rio Tinto CEO Jakob Stausholm said in a media release.
The company lowered 2021 production by 2 million tonnes due to new strategies to protect Aboriginal areas of high cultural significance as it seeks to repair relations with Aboriginal groups following its destruction of rock shelters at Juukan Gorge last year.
Related read: Aboriginal group disappointed by Rio Tinto board hire
Rio Tinto’s stock was trading down 4% at Friday’s opening on the NYSE. The company has a $139 billion market capitalization.
(With files from Reuters)
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Mongolia adds 1,466 new COVID-19 cases www.xinhuanet.com

July 18 (Xinhua) -- Mongolia reported 1,466 new locally transmitted COVID-19 cases over the past 24 hours, raising the national caseload to 147,253, the country's health ministry said Sunday.
Eight more fatalities were reported in the past day, bringing the nationwide death toll to 761, the ministry said in a statement, adding that 4,730 more patients recovered, taking the total recoveries to 130,612.
The Asian country launched a national vaccination campaign against COVID-19 in late February, with the aim of covering at least 60 percent of its population of 3.3 million.
So far, 56 percent of the country's total population have been fully vaccinated. Enditem
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