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

China’s Real Estate Dilemma: A Decade-Long Correction Ahead, Says Economist

China's real estate market is bracing for a protracted period of adjustment, with the surplus of unsold homes expected to take over a decade...

China-Pakistan Textile and Apparel Summit: Strengthening Bilateral Trade and Cooperation

The China-Pakistan Textile and Apparel Executive Summit and Business Meetings, a landmark event in the textile industry, were successfully convened on December 15 in...

China’s New Gaming Rules Trigger $43.5 Billion Drop in Tencent’s Market Value

China's latest online gaming regulations cause a steep $43.5B decline in Tencent's market value, impacting shares of major tech firms in the industry.

UK Inflation Drops, Stirring Speculation of Rate Cuts and Rattling Bond Markets

November sees UK inflation falling sharply below expectations, signaling potential shifts in economic policies and market reactions.

Tesla Aggressively Cuts EV Prices in China, Surpassing BYD’s Reductions Amid Rising Market Competition

Tesla slashes EV prices in China, outdoing BYD's Han sedan cuts, as it navigates the world's largest EV market amid intense competition.

The Digital Dawn in Mongolia’s Nomadic Culture

In the serene expanse of the Mongolian steppe, where the sky stretches endlessly and the land sprawls without borders, a unique blend of tradition...

2023’s Top 10 Chinese Buzzwords: Reflecting Technological Advancements and Youth Culture

The linguistics journal Yaowen Jiaozi, published by the Shanghai Literature and Art Publishing Group, has unveiled the top 10 Chinese buzzwords of 2023, offering...

Chinese Entrepreneurs and Financiers Explore Business Opportunities in the Middle East

During the 7th Future Investment Initiative (FII) in Riyadh, Saudi Arabia, known as "Davos in the Desert," a notable interaction took place between Chinese...

US Commerce Secretary Calls for United Efforts to Prevent China’s Access to Advanced Semiconductors and AI Technologies

US Commerce Secretary Gina Raimondo delivered a compelling message at the annual national defense forum in Simi Valley, California, emphasizing the need for a...

China’s Esports Industry: Embracing Globalization and Cultural Exchange in 2023

China is rapidly emerging as a global esports powerhouse, evident in the recent surge of major international esports events slated for December in Chengdu,...

Nio’s Strategic Workforce Reduction and Automation Plan for Enhanced Efficiency

Nio, one of China's premier electric vehicle (EV) manufacturers, has revealed ambitious plans to significantly reduce its workforce by 2027, emphasizing a shift towards...

China’s Venture Capital Funding Sees Notable Decline in 2023

In 2023, China's venture capital (VC) landscape has experienced a notable downturn, with funding in the first ten months dropping by nearly 30% compared...

Huawei Leads Smartphone Sales Surge During China’s Singles’ Day Festival

During China's renowned Singles' Day shopping festival, the country's smartphone market witnessed a noteworthy 5% increase in sales volume. This surge was predominantly fueled...

Binance’s Guilty Plea in US Poses Challenges for HK Crypto License Ambitions

Binance, the world's largest cryptocurrency exchange, and its founder Changpeng Zhao have recently pled guilty to violating US anti-money-laundering laws, a move that could...

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