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

South Korea to Pilot Central Bank Digital Currency with 100,000 Participants

South Korea is set to launch a groundbreaking pilot program involving its Central Bank Digital Currency (CBDC), with 100,000 citizens participating in a real-world...

British Chipmaker Graphcore Withdraws from China Amid US Export Restrictions

British semiconductor company Graphcore, once seen as a potential competitor to Nvidia, is withdrawing from the Chinese market and reducing its workforce in the...

Alibaba’s DingTalk Collaborates with Huawei for HarmonyOS Integration

Alibaba Group Holding is taking a significant step in the tech industry by aligning its workplace collaboration app, DingTalk, with Huawei Technologies' HarmonyOS. This...

Pinduoduo Boosts AI Focus with New Hiring Drive for LLM Experts

Pinduoduo, a leading player in the e-commerce domain operated by PDD Holdings, is making significant strides in the field of artificial intelligence (AI) by...

Alibaba Group Clarifies Jack Ma’s Share Sale Plan, Denies Layoff Rumors

Alibaba Group Holding, a leading e-commerce conglomerate, has recently addressed internal concerns and public rumors regarding significant organizational and ownership changes. In an official...

Tencent’s Leap into Healthcare AI: A Strategic Move Towards Industry Transformation

Tencent Holdings, the renowned Chinese technology conglomerate, is pioneering a new venture in the healthcare sector by integrating artificial intelligence (AI) into various medical...

Broadcom-VMware Merger Approved by China with Conditions: A Major Tech Industry Move

Broadcom's ambitious $61 billion acquisition of VMware, a major software corporation, has recently received the green light from Chinese regulators, clearing the final obstacle...

OpenAI Reinstates Sam Altman as CEO Amid Governance Reforms and Microsoft’s Involvement

In a dramatic turn of events, OpenAI has announced the reinstatement of Sam Altman as its CEO following a near-unanimous outcry from its employees...

US Aims for Quantum Computing Breakthrough by 2028 Amid Tech Rivalry with China

The United States is setting ambitious technological targets to outpace global competitors, particularly China, in the race for technological dominance. A recent report by...

Nvidia Adapts to US Export Controls, Develops New Chips for China Market

US semiconductor leader Nvidia is actively developing new products tailored to the needs of its Chinese customers, responding to the challenge of complying with...

Douyu CEO Arrested in Chengdu Over Alleged Casino Operation

Chen Shaojie, the founder and CEO of the US-listed video game live-streaming platform Douyu International Holdings, has been arrested in Chengdu, Sichuan province, on...

Nio and Changan Automobile Collaborate to Enhance EV Battery Swapping Technology

Chinese electric vehicle (EV) maker Nio has embarked on a strategic partnership with Changan Automobile, one of China's state-owned automotive giants. This collaboration aims...

Baidu Strengthens Board and Ethical AI Commitment Amid Steady Revenue Growth

Baidu, a leading online search giant, is making significant strides in its business and ethical practices. In a recent development, Baidu announced the appointment...

Douyin Tightens Advertiser Screening Amid Increased Content Control in China

ByteDance's Douyin, the massively popular Chinese version of TikTok with over 600 million daily active users, is set to implement stricter controls on its...

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