Business

Russia’s Titanium Giant Hands Its British Arm to a Little-Known Hong Kong Company Named Quri

UK filings show that Hong Kong’s Quri Investment Limited was listed as holding at least 75% of VSMPO Tirus Limited’s shares on 1 October 2026, the same day Russian titanium producer VSMPO-AVISMA ceased to be listed as having significant control. The filings do not disclose the terms of the deal.

Zhong Shanshan Net Worth 2026: The Water King Now Runs on Tea

Zhong Shanshan's net worth in 2026, how Nongfu Spring made him China's richest man, and why tea, not water, now drives his fortune.

Xi Jinping Urges China, US Youth to Advance Bilateral Cooperation

President Xi Jinping told students from 10 US universities he hopes young people will advance China-US cooperation in a reply to their letter.

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

Virtual K-pop Group PLAVE Breaks Records and Hearts Worldwide

PLAVE, a rising star in the K-pop world, is capturing hearts globally—despite not being made of flesh and blood. The five-member group—Yejun, Noah, Eunho,...

Kentucky Derby 2025 Proceeds Amid Economic Uncertainty and Baffert’s Return

The 151st Kentucky Derby is set to unfold this Saturday at Churchill Downs, with global economic challenges and construction delays framing the lead-up to...

TikTok Fined €530 Million Over Data Transfers to China by Irish Regulator

TikTok has been fined 530 million euros ($601.3 million) by Ireland’s Data Protection Commission (DPC) for violating the European Union’s General Data Protection Regulation...

China EV Makers Report Mixed April Sales as Safety and Innovation Take Focus

Chinese electric vehicle maker Xpeng reported deliveries of 35,045 units in April, maintaining its streak of exceeding 30,000 monthly deliveries for the sixth month...

Tether Plans U.S. Stablecoin Launch Amid Political Outreach and Regulatory Push

Tether, the world’s leading stablecoin issuer, is preparing to launch a new U.S.-based stablecoin, with the rollout expected as early as the end of...

Dickson Poon Moves to Take Dickson Concepts Private Amid Retail Downturn

Hong Kong tycoon Dickson Poon has proposed taking his flagship company, Dickson Concepts (International), private amid a grim outlook for the city's retail sector....

Alibaba Launches Instant Delivery Service Early to Challenge JD.com and Meituan

Alibaba Group Holding has launched its new fast-delivery service, Taobao Instant Commerce, ahead of schedule in a move that intensifies competition with JD.com and...

Hong Kong Stocks Climb as AIA and Xiaomi Rally Amid Economic Concerns

Hong Kong stocks rose on Wednesday, supported by gains in key index constituents such as AIA and Xiaomi, which helped offset concerns about China’s...

HKEX Posts Record Q1 Profit Amid Surge in IPOs and Trading Volume

Hong Kong Exchanges and Clearing (HKEX), the operator of Asia’s third-largest stock market, reported a record-breaking net profit of HK$4.08 billion (US$526 million) for...

TSMC Begins Construction on Third Arizona Chip Plant in Major U.S. Expansion

Taiwan Semiconductor Manufacturing Company (TSMC) has broken ground on a third chip fabrication plant in Arizona, reinforcing its commitment to significantly expand its operations...

Pop Mart Launches Playground Magazine to Strengthen Brand and Global Reach

Chinese toymaker Pop Mart has expanded its brand into the publishing world with the launch of its own pop culture magazine, Playground. The biannual...

Suez Considers Sale of China Water Assets in Strategic Review

French utility group Suez is currently assessing its water infrastructure assets in China as part of a broader strategy to streamline its global operations,...

Google Eyes AI Deal with Apple Amid DOJ Antitrust Battle

Google CEO Sundar Pichai testified in Washington this week that the company is aiming to reach an agreement with Apple by mid-year to integrate...

Topaz Family Office Shifts Focus from US to Asia-Pacific and UAE Amid Tariff Tensions

Topaz Family Office, a Hong Kong-based advisory firm, is urging family offices to pivot away from US assets and reallocate investments toward markets such...

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