By Aditya Soni (Reuters) -U.S. President Donald Trump on Thursday demanded the immediate resignation of new Intel CEO Lip-Bu Tan, calling him “highly conflicted” due to his ties to Chinese firms and raising doubts about plans to turn around the struggling American chip icon. Reuters reported exclusively in April that Tan invested at least $200…
By Chen Aizhu and Ahmed Rasheed SINGAPORE/BAGHDAD (Reuters) -China’s independent oil companies are ramping up operations in Iraq, investing billions of dollars in OPEC’s number two producer even as some global majors have scaled back from a market dominated by Beijing’s big state-run firms. Drawn by more lucrative contract arrangements, smaller Chinese producers are on…
Chinese e-commerce group JD.com reportedly bought a majority stake in Hong Kong grocery chain Kai Bo, marking the mainland company’s latest effort to expand its global presence. JD.com spent HK$4 billion (US$509 million) to acquire 70 per cent of Kai Bo Food Supermarket, with the deal involving the grocer’s retail network and property assets, Hong…
Chinese biotech is no longer playing catch-up it’s becoming the main event. In 2024, more than 1,250 innovative drugs entered development in China, nearly overtaking the US and leaving the EU behind. This isn’t just a numbers game. Chinese firms like Akeso (AKESF) are now developing therapies that are outperforming global blockbusters like Merck’s Keytruda…