“The stock market is not the economy” is a common refrain. The thinking goes that while losses in the stock market may hurt Wall Street investors, Main Street is the real backbone of the economy. While that may be true, stocks are an important psychological lever and there is a threshold for losses, beyond which…
Chinese tech stocks are rising sharply on new AI announcements. Alibaba announced a new AI model that it claims is more efficient than DeepSeek. Meanwhile, top-performing US-based AI stocks like Nvidia are struggling. The AI investing frenzy isn’t over. It’s just migrating. Chinese AI names have seen major gains in recent days on fresh excitement…
HONG KONG — New World Development, one of Hong Kong’s major family-owned real estate conglomerates, has warned of another deep loss, widening concerns over the state of the city’s property market. The company controlled by the Cheng family announced late Friday night that its net loss for the six months through December will reach up…
A man in China has paid 20,000 yuan (US$2,800) in registration fees to participate in a “self-discipline challenge” three times, hoping to win a substantial cash prize, but he was unsuccessful in all attempts. The man, surnamed Zhang, took the company behind the challenge to court in Xian, in northwestern China, believing his dream of…
A seafood vendor in eastern China has garnered widespread praise on mainland social media for draining the water from tanks of live marine products he was transporting to extinguish a car fire. As a result of his actions, he suffered a total loss of the seafood he intended to sell. The incident occurred on an…
The past month has been disastrous for some of China’s leading influencers, including the top-earning KOL Crazy Xiaoyangge, who boasts 100 million followers. They have inadvertently tarnished their reputations by selling fake products or attacking strangers during live-streams, inciting online outrage and jeopardising their lucrative careers. The Post examines these cases to illustrate how, to…
As Americans face one of their most consequential elections for years, a subtext is running through the conversations of many of those anxiously waiting for election day: could this country face upheaval or even violence in coming weeks? The United States was once famous for its peaceful transfer of power. For such a large country,…