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

Alibaba Strengthens AI Team with Key Hire from Salesforce Research Asia

Alibaba Group Holding has bolstered its AI team with the recent addition of Steven Hoi Chu-hong, an expert in machine learning and computer vision....

New World Development Prices Hong Kong Flats at Discount Amid Debt Pressure

New World Development (NWD) has priced its latest Hong Kong residential project, State Pavilia, at a significant discount as the developer works to address...

AI Investment a Top Priority for Asia-Pacific Entrepreneurs, UBS Report Finds

Entrepreneurs in the Asia-Pacific region see artificial intelligence (AI) as a major driver of business growth, with many willing to invest in AI infrastructure...

DeepSeek Pauses Developer Top-Ups Amid Surging Demand for AI Models

DeepSeek, the Chinese AI start-up that recently gained global recognition, has temporarily suspended developer top-ups for its platform due to high demand. On Thursday,...

Pop Mart’s Ne Zha Toys Sell Out as Company Continues Global Expansion

Pop Mart International is riding another wave of success, this time with its Ne Zha toy line, following the massive popularity of its Labubu...

Hong Kong Stocks Rise as Tech Gains Boost Market Ahead of US Jobs Report

Hong Kong stocks advanced on Friday, with technology shares leading gains as the Hang Seng Index approached a four-month high. Despite some investors adjusting...

Toyota’s New EV Plant Boosts Shanghai’s Bid to Reclaim Top Car Production Spot

Shanghai is taking a significant step towards regaining its status as China’s top vehicle production hub with Toyota Motor’s decision to manufacture electric vehicles...

Yum China Plans Major Expansion with 1,800 New Stores in 2025

Yum China Holdings, the operator of KFC and Pizza Hut in mainland China, is set to continue its aggressive expansion by opening up to...

Match Group Appoints Spencer Rascoff as CEO Amid Leadership Change

Match Group has announced Spencer Rascoff as its new CEO, replacing Bernard Kim. Rascoff, best known for co-founding Zillow, has been a board member...

Snap Reports Strong Q4 Results, Shares Surge Amid Growing User Base

Snap shares rose in extended trading following the company’s better-than-expected Q4 earnings report. The social media platform reported $1.56 billion in revenue, slightly surpassing...

Google Updates AI Principles, Removing Pledge Against Military and Surveillance Use

Google has updated its AI Principles, removing previous commitments to refrain from developing weapons and surveillance technologies that violate international norms. The revised guidelines...

Uber Reports Strong Q4 Revenue but Stock Drops Amid EPS Miss and Soft Guidance

Uber shares fell more than 7% after the company’s fourth-quarter earnings report showed strong revenue growth but missed earnings per share (EPS) expectations and...

Teladoc Acquires Catapult Health in $65M Deal to Expand Preventative Care

Teladoc Health shares rose nearly 6% after the company announced its acquisition of preventative care provider Catapult Health in an all-cash $65 million deal....

Alphabet Shares Drop 7% as AI Investment and Cloud Growth Raise Concerns

Alphabet’s stock fell 7.2%, marking its worst session since January 2024, after the company missed fourth-quarter revenue expectations and unveiled significant investment plans for...

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