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 National Legislature Prioritizes Pooling of Quality Resources to Achieve Breakthroughs in Key Fields

China's national legislature recently held its annual session, during which President Xi Jinping recognized Shan Zenghai, chief engineer of Xuzhou Construction Machinery Group, who...

China’s Semiconductor Industry: Overcoming Challenges to Achieve Self-Sufficiency

China's aspiration to compete at the highest levels of chip-making has captured the imagination of its citizens. The country is investing heavily in the...

Huawei Leads the Charge for 5.5G Industry Consensus and Commercialization

Huawei Technologies Co is calling on partners to promote industry consensus and commercial deployments for the era of 5.5G, an evolution of 5G technology. Yang...

Schindler’s Revenue Increased in 2022, Anticipates Growth in China in 2023

Swiss elevator manufacturer Schindler is optimistic about its business outlook for 2023 due to the predicted recovery of the Chinese economy. In an interview...

Prominent Bank of China Chairman Liu Liange Resigns

Bank of China, a prominent State-owned commercial lender, announced on Sunday that Liu Liange had tendered his resignation as chairman and executive director of...

China Takes the Lead in Global Autonomous Vehicle Race with Approval of Driverless Rides

On Friday, Beijing gave the green light for autonomous driving services to operate without in-car safety supervisors for the first time. This marks a...

SAIC Motor’s subsidiary Anji leads Chinese auto exports, shipping 600,000 vehicles globally

Anji, a logistics subsidiary of SAIC Motor, recently dispatched its Ro-Ro cargo vessel, Phoenix, loaded with around 1,000 MG vehicles, from Ningde, a city...

BMW leads industry transformation with aggressive electrification plan

German automaker BMW is pushing forward with an ambitious electrification plan to lead the industry transformation, despite the challenging international market environment in 2022....

Audi’s transition to electric vehicles: CEO discusses plans for the future

Audi is currently in a state of transition as it aims to establish a strong presence in the electric vehicle market, just as it...

China Mobile Leads Efforts to Boost Digital and Real Economies Integration

China Mobile has played a key role in driving the integration of digital and real economies across China by constructing infrastructure and building service...

Guiyang aims to become China’s national computing power and algorithm supporting base

Guiyang, the capital city of Guizhou province in Southwest China, is positioning itself as a national computing power and algorithm supporting base. The city...

Chinese construction companies bring digital and green technology to ConExpo 2023

More than 170 Chinese companies have showcased their latest digital, green and intelligent construction technologies at one of the world's largest trade shows for...

Infineon Targets Low Carbon and Digitalization Opportunities in China

Infineon Technologies AG, the German chipmaker, is targeting the opportunities presented by low carbon and digitalization in China. According to David Poon, president of...

Huawei Replaces 13,000 Components Affected by US Restrictions in Past Three Years

Huawei Technologies Co founder, Ren Zhengfei, recently revealed that the company has replaced over 13,000 components affected by US government restrictions with parts developed...

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