Wang Yun’an, founder of beverage chain Good me, has become China’s latest “bubble tea billionaire” with a net worth of $1.2 billion after an initial public offering (IPO).
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Beijing’s point man on Hong Kong affairs meets HSBC CEO Georges Elhedery
The real reason behind China’s fury towards Japan’s Takaichi
Beijing launches historic preservation campaign to cement South China Sea claims
Justice Department charges 4 men in U.S. in scheme to export AI chips to China
Map shows US military flying near China’s aircraft carrier base
Record-breaker Ma Long leads Beijing to National Games table tennis team gold
EU’s Top China Envoy Rues Uneasy Ties, Urges Reset With Beijing
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China gets another bubble tea billionaire with Good me operator’s IPO
Nvidia cuts stake in Arm Holdings, invests in China’s WeRide
Nvidia reduced its stake in British chip firm Arm Holdings by about 44% and exited its holdings in Serve Robotics and SoundHound AI in the fourth quarter, a regulatory filing showed on Friday. The Santa…
America’s rivalry with China will intensify, but must not escalate into war, writes Nicholas Burns
China and America are also waging a bitter battle of ideas. China defends authoritarianism, whereas America, at least until now, has championed democracy and the rule of law. This battle, which includes what those two…
China’s Record Month for Bank Loans Fails to Ignite Credit Cycle
China’s credit expansion picked up far more than expected in January from a year ago, even as a record jump in new bank loans failed to reverse an entrenched slowdown in demand for financing.
China Has Record Foreign Investment Outflow as $168 Billion Exit
China saw record outflows of foreign direct investment last year, an exodus that threatens to persist after the resumption of a trade war with the US.
Trump closed the ‘de minimis’ import loophole ‒ until all hell broke loose
Days after U.S. President Donald Trump ended duty-free entry for cheap Chinese goods entering the U.S., his administration put the order on hold after more than a million packages piled up at New York …
China’s property loan contraction eases after government support
China’s outstanding property loans were down 0.2% at the end of the fourth quarter, less than the prior year’s 1% decline, central bank data showed on Friday, indicating government efforts to bolster …
Shipments of foreign-branded phones in China up 0.6% y/y in December, says CAICT
Shipments of foreign-branded smartphones, including Apple Inc’s iPhone, in China rose 0.6% in December year-on-year, according to data released on Friday by a government-affiliated research firm.
Philippines voices concern over China-Australia air encounter in South China Sea
The Philippine foreign ministry said on Friday it was “concerned” over what it described as “unsafe manoeuvres” and the use of flares by a Chinese air force plane against an Australian Air Force …
China’s electric vehicle giants are betting big on humanoid robots
Technical know-how and existing supply chains give Chinese electric-vehicle makers a significant head start in the sector.
China’s mobile phone shipments up 22.1% in December
BEIJING – China’s mobile phone shipments surged 22.1 percent year-on-year in December 2024 to nearly 34.53 million units, data from the China Academy of Information and Communications Technology …
China January Bank Lending Hits Record High on Policy Stimulus
New bank lending totalled 18.09 trillion yuan last year, down from a record 22.75 trillion yuan in 2023 and hitting the lowest level since 2019, as businesses and consumers remained cautious about …
Starbucks’ CEO is plotting a huge expansion in the Middle East and China
Starbucks plans to open 500 new stores in the Middle East and “many more thousands” in China, said Brian Niccol, the company’s CEO.
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