China

Alibaba Says It Considers Selling Convertible Bonds to Raise $5 Billion, Then Its Hong Kong Shares Suddenly Dropped

Alibaba Says It Considers Selling Convertible Bonds to Raise $5 Billion, Then Its Hong Kong Shares Suddenly Dropped

Hong Kong-listed shares of Alibaba dropped more than 5% on Thursday after news broke that the Chinese e-commerce giant was considering issuing convertible notes to get $5 billion.


JPMorgan Asia Pacific CEO Says China is Very Important in Business and Can't Be Ignored

JPMorgan Asia Pacific CEO Sjoerd Leenart says China has a major role in driving the global economy, asserting that doing business in China is important.

South Korea, Japan, China Confirmed to Meet Next Week for First Time Since 2019

South Korea, Japan, and China are set to undergo a trilateral summit in Seoul on May 27, the first time the three nations held such talks in five years.

China To Invest Billions in a Government-Backed AI Model Based on Xi Jinping's Thoughts

China will invest billions in the Cyberspace Administration's language model, based on Xi Jinping's ideology. They boast that it is more "secured and reliable" as ChatGPT remains inaccessible in China.


Latest News

China Sanctions Boeing, Two US Defense Contractors for Taiwan Arm Sales
Amidst Taiwan's presidential inauguration, the Chinese government made a significant move by imposing sanctions on Boeing and two other defense companies.
William Lai Sworn In as Taiwan's New President
William Lai Ching-te has been sworn in as Taiwan’s new president, replacing Tsai Ing-wen after her eight-year tenure.
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The Chinese government announced measures to stabilize the struggling real estate market. It allocated $42.25 billion to help state-owned enterprises purchase unsold apartments, aiming to provide liquidity and promote affordable housing.
Chinese authorities announced plans to buy some of its huge housing inventory, simplify financing requirements, and deliver unfinished homes.
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China implements 15-day visa-free stays for international cruise travelers, while expanding visa-free transit and digital payment options to boost post-pandemic tourism numbers.
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China mulls purchasing surplus homes amid real estate crisis. The proposed plan involves state-owned enterprises acquiring distressed properties
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Comac, thanks to the success of its C919 narrowbody aircraft, ventures into developing the C939 widebody jet to challenge Boeing and Airbus.
China's Credit Rating Outlook Downgraded to 'Negative' by Fitch Ratings, Citing Risk From Debt Growth
China  to issue 1 trillion Chinese Yuan in long-term bonds starting this week to boost the economy.
US Now Considers Sanctioning Chinese Banks Supporting Russia's Ukraine Invasion—Will This Work?
China's securities watchdog is investigating Zhejiang Ruifengda Asset Management Co. due to allegations of illegal activities, including failing to repay investors and a missing controlling shareholder, as the hedge fund manages assets exceeding $469 million.
US Now Considers Sanctioning Chinese Banks Supporting Russia's Ukraine Invasion—Will This Work?
The U.S. government weighs sanctions targeting Chinese banks. Can this help stop Russia from invading Ukraine?
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