Pedestrians walk past a CHAGEE store in Shanghai, China on March 14, 2025. CFOTO | Future Publishing | Getty Images Chinese bubble tea chain Chagee filed for a U.S. initial public offering on Tuesday, seeking to trade on the Nasdaq using the ticker “CHA.” The IPO filing comes as the company prepares to open its…
A view of the Ant Group buildings in Chongqing, China on March 23, 2025. Cfoto | Future Publishing | Getty Images BEIJING — Alibaba-affiliate Ant Group is using both Chinese and U.S.-made semiconductors for building more efficient artificial intelligence models, according to a source familiar with the matter. The combination of chips not only reduces…
A Chinese influencer living in Taiwan must leave the island within days or be deported, Taiwanese authorities said, after she posted videos supporting the idea of China taking the island by force. The move comes at a time of heightened cross-strait tensions and increasing suspicions of Chinese influence operations on the democratic island. Taiwan’s National…
Chinese battery giant Contemporary Amperex Technology (CATL), pictured here on April 2, 2020, broke ground on its first overseas factory in Germany in late 2019 and plans to add up to 2,000 jobs there by 2025. Martin Schutt | picture alliance | Getty Images China’s Contemporary Amperex Technology posted a 9.7% drop in annual revenue,…
Hong Kong’s stock exchange reported its highest quarterly profit in nearly four years after China’s stimulus measures boosted trading and listing volume. Bloomberg | Bloomberg | Getty Images BEIJING — Mainland Chinese investors are piling into the Hong Kong stock market at record volumes as its tech-heavy Hang Seng Index trades around three-year highs. Net…
The Alibaba office building is seen in Nanjing, Jiangsu province, China, on Aug 28, 2024. CFOTO | Future Publishing | Getty Images Alibaba shares surged after the Chinese behemoth revealed a new reasoning model it claims can rival DeepSeek’s global blockbuster R1. Hong Kong-listed shares of Alibaba ended the Thursday session up 8.39% — hitting a new…
Annabelle Liang Business reporter Getty Images US prosecutors have charged 12 Chinese nationals for being part of an alleged hacking scheme, which sold data of US-based dissidents to the Chinese government. The “state-sponsored” operation also targeted government agencies including the Treasury, according to the Justice Department (DOJ). Hackers also allegedly targeted an American religious organisation,…
The flagship store of Xiaopeng Motors in Shanghai, China, on Feb. 18, 2025. CFOTO/Future Publishing via Getty Images Chinese electric car company Xpeng delivered more than 30,000 cars for a fourth-straight month in February, as its mass-market brand helped the company stand out in an otherwise tepid market. Xpeng delivered 30,453 cars last month, including…
Foodies in China have been reportedly flocking to an unlikely destination – a funeral home – after a noodle dish served at its canteen went viral on social media. The dish is found at the Erlong Funeral Home in the southwestern province of Guizhou. The canteen caters to the funeral home’s customers, but as word…
Men interact with a Baidu AI robot near the company logo at its headquarters in Beijing, China April 23, 2021. Florence Lo | Reuters BEIJING — China’s Baidu plans to release the next generation of its artificial intelligence model in the second half of this year, according to a source familiar with the matter, as…
