China’s three big state-owned airlines posted their fifth straight year of losses this week, citing domestic market competition, low international and business travel demand, supply chain problems and …
Monthly Archives For March 2025
UBS Gains Full Control of Beijing-Based UBS Securities
UBS has received approval to fully acquire Beijing-based UBS Securities, marking a strategic expansion in China after its merger with Credit Suisse. The acquisition involves purchasing a 33% stake …
34 charged in $64M crypto scam built on fake trading platform
Thirty-four people were charged in Ezhou, China, after running a fake crypto platform that stole 460 million yuan—around $64 million—from nearly 30,000 people over the course of a single year. The …
China will resolutely respond to US reciprocal tariffs, state media says
China will take resolute countermeasures if the United States harm the country’s interests with its upcoming reciprocal tariffs, a social media account affiliated with Chinese state broadcaster CCTV …
French foreign minister says China is to delay conclusion of Cognac investigation
The Chinese investigation which led to hefty preliminary import tariffs on French-made cognac and armagnac will conclude later than initially planned, France’s foreign minister said during a trip to …
Exclusive-Satellite images show fresh Chinese bomber deployment in South China Sea
China deployed two long-range H-6 bombers around the Scarborough Shoal this week, in Beijing’s latest move to assert sovereignty over the hotly disputed atoll in the South China Sea, satellite images …
In China, Putting a Roof on a Half-finished Building Is Cause for Celebration
For struggling property giants seeking any indications of a turnaround in China’s prolonged real estate crisis, “topping off” a building is cause for celebration.
Pony AI lands a key autonomous permit in Shenzhen
Pony AI (NASDAQ:PONY) swung higher in early trading on Friday after the robotaxi company won the first permit for fully driverless robotaxi operation in Shenzhen’s city centers. The company said it …
Taiwan accuses China’s biggest chipmaker SMIC of ‘illegally’ poaching tech talent
Taiwan’s justice ministry alleged that SMIC used a Samoa-based entity as cover to set up an entity on the island and has been “actively recruiting” talent.
UBS gets regulatory approval to fully own China securities joint venture
China’s securities regulator has approved UBS’s plan to become the sole shareholder of UBS Securities, the Swiss bank said in a statement on Friday.
China Construction Bank says it launched internal financial model based on DeepSeek R1
China Construction Bank said on Friday it had completed the private deployment of a large financial model based on DeepSeek R1 earlier this year.
Hegseth Tells Asian Allies: We’re With You Against China
On his first official trip to Asia, the defense secretary told allies the Trump administration would “truly prioritize and shift to this region of the world in a way that is unprecedented.” …
CHINA UNICOM, BABA-W Seal Strategic Co-op Deal to Explore Deep Integration in AI Tech
Short selling $47.64M; Ratio 20.893% and BABA-W (09988.HK) +0.900 (+0.692%) Short selling $1.92B; Ratio 21.960% (BABA.US) held a strategic …
