TikTok to invest billions of dollars in Southeast Asia amid growing scrutiny over data security
Short video app TikTok, owned by China's ByteDance, said on Thursday it would invest billions of dollars in Southeast Asia over the next few years, as it doubles down on the region amid intensifying global scrutiny over its data security.
2023-06-15 15:15
Why Hong Kong can't cut loose from the US dollar just yet
Hong Kong's currency is facing its biggest test since the global financial crisis of 2008.
2023-06-14 09:57
People in China are so worried about the economy they're asking for divine intervention
China's post-Covid reopening was supposed to be the stimulant that the world needed. But after an early burst of activity, growth in the world's second largest economy appears to be stalling.
2023-06-09 12:46
Subway plans to open nearly 4,000 stores in China in one of its biggest deals ever
Subway, the world's biggest sandwich chain, announced Tuesday that it would open almost 4,000 new stores across the country over the next 20 years, increasing its current retail footprint there by more than seven times.
2023-06-07 12:48
12.9 million Chinese students take college entrance exam as pressures mount
For nearly 13 million high school students across China, Wednesday marks a day that could make or break their plans for college and the increasingly competitive job market beyond.
2023-06-07 11:26
Ozempic is taking China by storm. Drugmakers are scrambling to boost supplies
Ozempic, originally a medication for treating diabetes, is in high demand worldwide with celebrities and social media users touting it as a miracle drug for weight loss. Now the frenzy is sweeping through China, where being "wafer thin" is a prevailing beauty standard, leading to shortages in the country.
2023-06-07 10:19
With no more Covid restrictions, Asia's drug cartels are thriving, UN report warns
The synthetic drug trade in Asia is roaring to "extreme levels," with crime groups establishing new trafficking routes to evade enforcement crackdowns and methamphetamine prices hitting fresh lows, according to a new report released Friday.
2023-06-02 12:25
Jamie Dimon denies knowledge of JPMorgan concerns over Epstein in lawsuit deposition
JPMorgan Chase CEO Jamie Dimon has denied knowing about internal reviews of Jeffrey Epstein's criminal conduct and his account with the bank when they were happening.
2023-06-01 16:17
China's small and medium-sized factories post surprise growth, easing market anxiety
A key gauge of China's small- and medium-sized factories showed their surprise return to expansion last month, which eased market anxiety about growth stalling in the world's second largest economy.
2023-06-01 13:58
Chinese star banker Bao Fan detained by country's top anti-graft body, state media says
One of China's top tech bankers, who went missing in February, has been in the custody of the country's top anti-graft watchdog since his disappearance and has had his detention extended, according to a state media report.
2023-06-01 13:56
Elon Musk is once again the world's richest man
Elon Musk has reclaimed his position as the world's wealthiest person.
2023-06-01 10:22
From Elon Musk to Jamie Dimon, CEOs flock to China as risks to trade and investment rise
The CEOs of some of America's biggest companies are in China this week to take the pulse of one of their top markets after the country reopened following nearly three years of pandemic restrictions.
2023-05-31 17:57