UPDATE 1-IT services fim Kyndryl plans to separate China business – FT

U.S.-based IT services provider Kyndryl Holdings is planning to separate its China business and has told some employees about the decision, the Financial Times reported on Wednesday, citing three people with knowledge of the matter. The firm has, however, not laid out details of when the split would take effect or who will control the China entity, the report said, adding that the move would affect roughly 6,000 staff in Hong Kong and mainland China. Kyndryl, listed in New York, is an IT infrastructure services provider with operations across 60 countries and counts cloud providers Alphabet's Google and Microsoft as its customers.