Taking over operations of global brands that exited Russia post Ukraine invasion may have been easy. Profits, however, are another story.
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China jails sports officials convicted of taking bribes
The former president of the Chinese Football Association has been sentenced to life in prison amid a wide-ranging crackdown on sports corruption …
China Yongda Automobiles 2023 Rev CNY72.60B Vs. CNY72.02B >3669.HK
By Jiahui Huang China Yongda Automobiles’ net profit dropped sharply amid intensifying price cuts due to heated competition among carmakers in the …
Mumbai Surpassed Beijing To Become Asia’s Billionaire Capital: In World’s Top Three
Gautam Adani, aged 61, leading the Adani Group energy conglomerate, witnessed a surge in wealth, amounting to USD 33 billion this year.
Maharashtra man ‘tied, assaulted’ in China for refusing to work at call centre running crypto scam
A 23-year-old man from Thane returned from China, alleging he was forcibly detained and assaulted for declining to participate in fraudulent activities at a call centre. Identified as S C Yadav, the …
Mumbai overtakes Beijing as Asia’s billionaire hub: Hurun report
Mumbai surpasses Beijing as Asia’s billionaire capital, India ranks third globally with 271 billionaires – Hurun Global Rich List 2024.
China’s ‘de-risking’ from West worsening EU’s industrial decline, experts say
China’s de-risking plus their lack of consumption is contributing to our deindustrialisation,” Alicia García-Herrero, a senior fellow at Bruegel think-tank, told Euractiv.
Why Are China’s Nationalists Attacking the Country’s Heroes?
Online vitriol has targeted the country’s richest man, erasing billions of dollars of his company’s market value, despite Beijing’s courtship of entrepreneurs.
China and US battle, quietly but fiercely, on yet another tech front: patent applications
UN data, Chinese inventors led in international patent applications for the second year running, posting some 14,000 more than the second-place US.
China hands down terms of life to 8 years for sports officials convicted of taking bribes
The former president of the Chinese Football Association has been sentenced to life in prison amid a wide-ranging crackdown on sports corruption.
Apple CEO Tim Cook woos China as part of big Asia pitch
Chief Executive Tim Cook wraps up a five-day visit to China, as part of the tech giant’s renewed Asia push, early this week to revive growth in the world’s biggest smartphone market — which also…
China’s Xi Jinping to meet with American executives on Wednesday, sources say
BEIJING – China’s President Xi Jinping will meet with American business leaders in Beijing on Wednesday, according to three sources with knowledge of the matter, in a follow up to his November dinner …
Rural men in China say they’re too poor to afford the massive dowries expected of them. People on social media say it’s just an excuse.
One rural worker said dowries in his region had grown to $70,000, per state media. That’s about 25 times the typical annual disposal income in rural China.
