The Chinese legal community’s latest discussion about standards for the death penalty come after a court in Inner Mongolia autonomous region upheld the death sentence of a local official who pleaded guilty to pocketing more than 3 billion yuan (US$422 million) in total. On August 27, Inner Mongolia’s regional high court dismissed an appeal by…
A Japanese man became outraged after alleging that he witnessed a Chinese tourist mistreating a wild deer at a national park in Nara City, Japan. He shared a video of the incident on August 30 on his X account @hezuruy, which has since ignited a heated discussion on social media. In the video, a middle-aged…
When Chinese President Xi Jinping opened the China-Africa summit on Thursday, he called on the continent to join China in leading the modernisation of the Global South, which he said has suffered “injustice” at the hands of the West. In a joint action plan, China called for strengthened cooperation on supply chains and green technology…
“Europe has a China problem.” These are not words you would have heard from a budding EU trade commissioner a decade ago, when cutting juicy deals with booming economies like China was the top line of the job description. But in 2024, this might be the kind of rhetoric needed if you want to be…
China’s largest technology companies are returning more of their cash to shareholders than ever before, as they continue to ramp up buybacks to support their flagging stocks. Repurchases of shares listed in Hong Kong have reached HK$187 billion ($24 billion) so far in 2024, already surpassing last year’s record total, according to data compiled by…
Amid mounting geopolitical headwinds and a slowing economy in China, Alibaba (BABA) is looking outside of its home market to spur growth. For Alibaba.com — the e-commerce giant’s international business-to-business arm — that means attracting more global small and medium-size business buyers to the platform and expanding its supplier base outside of China. On Thursday,…
Hi, it’s Will Davies in Hong Kong, where our reporters have been tracking what is set to be the biggest listing by a Chinese company in two years—providing a nice boost to the city’s IPO market. Also today, private equity’s favorite borrowing tool sparks fresh scrutiny. Today’s top stories Home appliance maker Midea Group is…
China, Tanzania, and Zambia signed an initial agreement to revitalize the Tanzania-Zambia Railway Authority on September 4, in an attempt to improve rail-sea transportation in East Africa, according to a report from Reuters. China proposed spending $1 billion to revamp the decades-old 1,156-mile-long railway in February via a public-private partnership model, according to the specialist…
Baidu on Wednesday announced a rebranding of its flagship artificial intelligence (AI) app Ernie Bot, as the Chinese technology giant tries to distinguish itself in an increasingly crowded and competitive market. The Chinese renaming of Ernie Bot to “Wenxiaoyan” from “Wenxin Yiyan” reflects the tool’s positioning as a “new search” assistant, according to Xue Su,…
PHNOM PENH, Cambodia (AP) — Cambodia’s Defense Ministry said Wednesday that China is giving its navy two warships of the type it has had docked for months at a strategically important base being expanded with Beijing’s funding, which has raised concerns of China establishing a permanent naval presence on the Gulf of Thailand. Ministry spokeswoman…