Business

China Orders State Firms to Speed AI Rollout Across Manufacturing

China's SASAC directed central state-owned enterprises to accelerate AI adoption across manufacturing, from R&D to production and management.

China Tests Star-Based Navigation for Its 2030 Jupiter Mission

Chinese researchers tested stellar aberration navigation aboard the Tianhui-7 satellite in January, fixing its position to within 5km ahead of a 2030 Jupit

Hong Kong Cuts Subsidised Physiotherapy Places by a Third for 2027-28

Hong Kong's Education Bureau cut subsidised physiotherapy places by about a third for 2027-28 as graduates face a tightening job market

China Sets 2030 Target for Public Cultural Services in 15th Five-Year Plan

China's Ministry of Culture and Tourism issued a 15th Five-Year Plan for public cultural services, setting 2030 targets and 18 key engineering projects.

China Unveils Publishing Industry Plan for 2026–2030 With 33 Major Projects

China's National Press and Publication Administration has issued a publishing industry plan through 2030, listing eight priority areas and 33 major project

Venture Capital Investment in Asia-Pacific Hits 10-Year Low Amid Global Geopolitical Tensions

Venture capital investment in the Asia-Pacific region fell to its lowest level in more than a decade last quarter, with a 32% drop to...

Hong Kong Stocks Rise as China Unveils Measures to Boost Economy Ahead of US-China Trade Talks

Hong Kong stocks rose for the sixth consecutive day after Beijing unveiled measures aimed at boosting the economy and increasing private sector confidence ahead...

LG Energy Solution Exits Indonesia EV Battery Project, Huayou Cobalt Eyed as Replacement Investor

LG Energy Solution (LGES) of South Korea has withdrawn from its US$8.45 billion electric vehicle (EV) battery project in Indonesia, leaving the country’s government...

E-Commerce Giants Gear Up for Intense 618 Shopping Festival Amid Economic Slowdown

China's second-largest annual online shopping festival, 618, is set to kick off as e-commerce giants Alibaba, JD.com, and ByteDance’s Douyin prepare for fierce competition...

Luxury Brands Reduce Discounts in China to Maintain Exclusivity Amid Economic Slowdown

Luxury brands in China are reevaluating their discounting strategies, pulling back from steep markdowns in an effort to maintain exclusivity and rebuild their image...

Unitree Robotics Shuts Down Vulnerable Remote Control Service Exposing Robot Dogs to Hackers

Unitree Robotics, a leading Chinese robot manufacturer, announced it had shut down a third-party remote control service after discovering a security vulnerability that allowed...

Hong Kong Stocks Extend Rally on Hopes of US Tariff Cuts Ahead of Trade Talks

Hong Kong stocks extended their winning streak to a seventh consecutive session on Friday, marking the longest rally in over a year, as investor...

Alibaba Refocuses on Core Businesses Amid Internal Integration and AI Push

Alibaba Group is refocusing its operations by fostering internal collaboration across its various business units and emphasizing core strategic priorities, particularly in e-commerce and...

Global Tungsten Industry Faces Shake-Up as China Tightens Export Controls

Tungsten producers in developed countries, especially those tied to the defence sector, are facing urgent supply chain disruptions after China abruptly halted exports of...

Nvidia to Launch Downgraded H20 AI Chip in China Amid Export Curbs

Nvidia is preparing to launch a downgraded version of its H20 artificial intelligence chip in China within the next two months, in response to...

Asia’s Wealthy Shift Investments Away from U.S. Amid Tariff Uncertainty

Some of Asia’s wealthiest families are significantly reducing their exposure to U.S. investments, citing increased unpredictability following President Donald Trump's tariff policies. One major...

Bitcoin Surges Past $100,000 as U.S.-UK Trade Deal Calms Market Fears

Bitcoin soared above the $100,000 mark on Thursday for the first time since early February, propelled by renewed investor optimism following a significant trade...

China’s April Export Growth Surpasses Expectations Amid Tariff Tensions

China’s exports in April outperformed expectations, driven by a rush from overseas manufacturers to secure goods ahead of a looming U.S. tariff deadline. Outbound...

Oil Prices Rise on Trade Optimism and Geopolitical Tensions

Oil prices edged higher on Friday, building on a 3% surge from the previous session, as easing trade tensions between the United States and...

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