BlackRock has hired Yu Beihua, formerly head of AXA’s China fund joint venture, as the new boss of its China business, two people with knowledge of the matter said, as the U.S. asset manager continues…
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Drones, robots and China’s next AI darling
Besides AI, drones and humanoid robots are two of the top buzzwords in the tech industry as EVs and mobile phones slow down.
China’s latest satellite launch is a milestone for its commercial space sector
The mission is a step forward for China’s push to develop a commercial space industry – and rival Elon Musk’s Starlink satellite internet service.
China’s economy still dealing with crippling deflation amid rumors of a trade deal with Trump
China is stuck in its longest deflation crisis in decades, and the numbers keep getting worse. Prices across the country have been falling for two straight years, and analysts say 2025 could be the …
China vows to take ‘all necessary measures’ after imposition of latest US tariffs
China said it would take “all necessary measures” to protect its interests in response to new US tariffs of 25 per cent on global steel and aluminium imports. Chinese foreign ministry spokeswoman Mao …
Richard Teng Says UAE Got It Right on Crypto Rules as Abu Dhabi Pours $2B Into Binance
Binance CEO Richard Teng said the Middle East is leading the global crypto regulatory race with a comprehensive framework. His remarks came a day after …
Commentary: China wants the private sector to drive growth again, but trust can’t be rebuilt overnight
After years of cracking down on “barbaric growth of capital” in the private sector, China is wooing entrepreneurs again. Is it too little too late? Former SCMP editor-in-chief Wang Xiangwei weighs in.
China develops new high-protein corn to replace foreign soybeans
The new varieties could be used as a substitute for soybeans in animal feed, reducing China’s grain imports by millions of tonnes.
Walmart feels the heat in China after reportedly demanding discounts to cope with Trump’s tariffs
Last week, Bloomberg reported that Walmart was trying to find a solution to its tariff woes by asking some of its Chinese vendors for significant price cuts of as much as 10% to offset the…
Ex-Fisheries Clerk Amasses $9 Billion As His Gold Jewelry Brand Soars
Xu Gaoming, an ex-fisheries clerk in China who started jewelry brand Laopu Gold in 2016, has amassed a $9 billion fortune.
US sanctions on Russian oil squeeze China’s crude imports
Stricter measures targeting Russian oil tankers have reshaped China’s crude import landscape, with Russia slipping in the supplier rankings while Saudi Arabia and Iraq retain their top positions …
Biren secures pre-IPO funding as valuation tops US$2.1B, backed by Shanghai AI Industry Fund
Shanghai Guotou Pioneer Fund announced via its official WeChat account that its AI industry fund led a fresh investment round in Biren Technology (Biren), one of China’s top GPU startups. Several …
Trump’s tariffs won’t solve the opioid crisis, but a deal with China might
They provide leverage that Trump should use to strike a deal with China to more comprehensively regulate its pharmaceutical and chemical industries.
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