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

Hong Kong takes steps to spearhead innovation with $6.37 million funding for Web3 ecosystem

Hong Kong's Financial Secretary, Paul Chan, announced on Wednesday that the Hong Kong government will allocate HKD 50 million ($6.37 million) towards the development...

Anyang City Signs 42 Projects Worth $5.6 Billion at Investment Promotion Conference

The 2023 Investment Promotion Conference of Anyang city, Henan province, was held in Beijing on Thursday, where 42 projects were signed, with a total...

China’s Sixth International Import Expo Expected to Bolster Global Openness and Cooperation

China's ongoing efforts to promote economic cooperation and globalization have received a major boost with the upcoming sixth China International Import Expo (CIIE), scheduled...

Multinational Executives in Shanghai Optimistic About China’s Role in Global Business

Senior executives of multinational corporations based in Shanghai share an optimistic outlook on the world's second-largest economy and believe that the China market will...

Top State Assets Regulator Targets Higher Profit Growth for Central SOEs Above National GDP

In a news conference held in Beijing on Thursday, Zhang Yuzhuo, chairman of the State-owned Assets Supervision and Administration Commission (SASAC) of the State...

Industry leaders urged to empower specialized SMEs with technology and talent

According to experts, more policy support is anticipated to expand financing channels for small and medium-sized enterprises (SMEs) that specialize in niche industries with...

Shenergy Group Co Ltd leads the way in building a domestic hydrogen energy manufacturing value chain

Shanghai-based Shenergy Group Co Ltd has unveiled the world's largest hydrogen-powered mining truck as part of its commitment to building a domestic hydrogen energy...

China’s Origin Quantum Advances in Quantum Computing Technology with First Non-Destructive Probe Electrical Measurement Platform

As Washington tightens its restrictions on chip exports to China, a local startup called Origin Quantum is racing to perfect its technology in quantum...

Alibaba Reports Better-Than-Expected Results Despite COVID-19 Impact

Chinese tech giant Alibaba Group Holding Ltd has posted impressive financial results for the October-December period, with total revenue standing at 247.76 billion yuan...

HP to increase investment in China, sees long-term sustainable growth

In a bid to capitalize on China's crucial market and its pivotal role in global supply chains, tech giant HP has announced its plans...

Shenzhen’s 5G Revolution: City to Have Density of 42 Base Stations per 10,000 People

Shenzhen, a major city in southern China, is planning to construct 10,000 new 5G base stations by the end of 2023, according to an...

China’s Fengning Pumped Storage Power Station: World’s Largest “Power Bank”

Nestled in the hills of Hebei province, China's Fengning Pumped Storage Power Station has become the largest "power bank" in the world, capable of...

Shanghai Airports Experience Surge in Passenger Numbers, Thanks to Optimized COVID Response and Entry-Exit Policies

The COVID-19 pandemic has had a severe impact on the aviation industry worldwide, with passenger numbers plummeting in 2020 due to travel restrictions and...

Beijing-Tianjin-Hebei GDP Reaches $1.46 Trillion, Showing Coordinated High-Quality Development

China's Beijing-Tianjin-Hebei region, a major economic zone, recorded a combined GDP of 10 trillion yuan ($1.46 trillion) in 2022, which is 1.8 times the...

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