Alibaba's new CEO embraces AI and wants a younger management team
Alibaba Group will embrace artificial intelligence (AI) and promote younger people to senior management, its new CEO says, as the e-commerce and cloud giant tackles its most ambitious restructuring in its history.
2023-09-12 17:57
China's 'Lipstick King' tearfully apologizes after online spat highlighting country's economic woes
One of China's most popular livestreamers has offered a teary apology after getting into a viral online spat in which he questioned whether a viewer had been working "hard enough" to make enough money to afford a product he was selling.
2023-09-12 13:57
Former Alibaba CEO quits cloud unit in surprise move amid landmark restructuring
Daniel Zhang, the outgoing chairman and CEO of Alibaba, has stepped down from his position running the company's cloud division in a surprise move announced just months after he assumed the pivotal role.
2023-09-11 16:53
How booming Vietnam offers the US an alternative to China
President Joe Biden is in Vietnam for a visit intended to deepen economic ties between Washington and Hanoi as part of efforts to reduce America's reliance on China.
2023-09-11 12:58
Norway's $1.4 trillion investment fund is shutting its China office
Norges Bank Investment Management (NBIM), which operates the world's largest sovereign wealth fund, has started the process of closing down its office in Shanghai, in another sign of big global companies pulling back operations in the world's second largest economy.
2023-09-08 16:15
Xi's expected G20 no-show may be part of a plan to reshape global governance
When the world's most powerful leaders descend on New Delhi this weekend to address the multiple crises facing the world, notably absent will be China's Xi Jinping, who has never missed a G20 summit since taking power in 2012.
2023-09-08 13:27
Spanish women's league players go on strike for first two games of season over pay dispute
Players competing in the top-tier of women's football in Spain will go on strike for the opening two weeks of the new season after a pay dispute, players' union FUTPRO announced on Thursday.
2023-09-08 02:49
Magna raises full-year 2025 sales forecast
Canada's Magna International on Thursday raised its sales forecast for fiscal 2025, on the back of sustained demand
2023-09-07 19:55
China's exports and imports fall again in August as demand slumps
China's exports fell by 8.8% in August year-on-year, while imports contracted 7.3%, customs data showed on Thursday, increasing pressure on the country's vast manufacturing sector as demand sags at home and abroad.
2023-09-07 12:45
China's biggest homebuilder just dodged default. It faces a rocky road ahead
Chinese property giant Country Garden has twice narrowly avoided defaulting on its debt in a matter of days. But it's not home free.
2023-09-06 17:49
Britain's second-largest city effectively declares itself bankrupt amid $950 million equal pay claims
Britain's second-biggest city effectively declared itself bankrupt on Tuesday, shutting down all nonessential spending after being issued with equal pay claims totaling up to £760 million ($956 million).
2023-09-06 01:55
Country Garden dodges default by making last minute debt payments, state media reports
Country Garden, the embattled Chinese real estate firm, made late interest payments on two US dollar bonds shortly before the end of a 30-day grace period, avoiding an imminent debt default, according to multiple state media reports.
2023-09-05 15:22