Ethan Zhao
Senior Reporter
The Latest
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Typhoon Gaemi Batters China After Devastating Taiwan and the Philippines
Typhoon Gaemi, the most powerful storm to hit China this year, unleashed its fury on the coastal Fujian province on Friday, bringing heavy rains and fierce winds. The typhoon, which has already caused significant destruction in Taiwan and the Philippines, is now advancing into China's densely populated interior. 
Typhoon Gaemi, the most powerful storm to hit China this year, unleashed its fury on the coastal Fujian province on Friday, bringing heavy rains and fierce winds. The typhoon, which has already caused significant destruction in Taiwan and the Philippines, is now advancing into China's densely populated interior. -
Apple Ousted from Top Five Smartphone Vendors in China
Apple Inc. has lost its foothold among the top five smartphone vendors in China for the first time in four years, according to recent data from market trackers IDC and Canalys. The drop comes as domestic companies like Huawei Technologies Co. and others have surged ahead, marking a significant shift in the competitive landscape of the world's largest smartphone market. 
Apple Inc. has lost its foothold among the top five smartphone vendors in China for the first time in four years, according to recent data from market trackers IDC and Canalys. The drop comes as domestic companies like Huawei Technologies Co. and others have surged ahead, marking a significant shift in the competitive landscape of the world's largest smartphone market. -
Typhoon Gaemi Wreaks Havoc: 25 Dead in Taiwan and the Philippines as Storm Hits China
Typhoon Gaemi has left a path of devastation in its wake as it slammed into China's southeastern coast on Thursday evening. The powerful storm, which had earlier battered Taiwan and the Philippines, has resulted in significant casualties and widespread destruction. 
Typhoon Gaemi has left a path of devastation in its wake as it slammed into China's southeastern coast on Thursday evening. The powerful storm, which had earlier battered Taiwan and the Philippines, has resulted in significant casualties and widespread destruction. -
Honda to Shut Down and Halt Production at Two Chinese Plants Amid EV Transition
Honda Motor Co. has announced plans to close a vehicle assembly plant in China and halt production at another. The decision comes as the Japanese automaker faces intensifying competition from domestic Chinese brands in the world's largest auto market. 
Honda Motor Co. has announced plans to close a vehicle assembly plant in China and halt production at another. The decision comes as the Japanese automaker faces intensifying competition from domestic Chinese brands in the world's largest auto market. -
Hong Kong Court Rules Against Jimmy Lai’s Bid to Dismiss National Security Charges
In a significant legal development, a Hong Kong court dismissed Jimmy Lai's bid to end his high-profile national security trial. The court ruled on Thursday that the prosecution had presented sufficient evidence to proceed with all charges against Lai, the founder of the now-defunct pro-democracy newspaper Apple Daily. 
In a significant legal development, a Hong Kong court dismissed Jimmy Lai's bid to end his high-profile national security trial. The court ruled on Thursday that the prosecution had presented sufficient evidence to proceed with all charges against Lai, the founder of the now-defunct pro-democracy newspaper Apple Daily. -
Pony.ai Targets U.S. IPO in September Amid Autonomous Driving Boom - Report
Chinese autonomous driving startup Pony.ai is gearing up for an initial public offering (IPO) in the United States as early as September, sources familiar with the matter have revealed. The company, which has garnered significant interest from institutional investors, is making a significant move in a challenging autonomous vehicle sector. 
Chinese autonomous driving startup Pony.ai is gearing up for an initial public offering (IPO) in the United States as early as September, sources familiar with the matter have revealed. The company, which has garnered significant interest from institutional investors, is making a significant move in a challenging autonomous vehicle sector. -
Kakao Founder Arrested Over Alleged Stock Manipulation in SM Entertainment Takeover
South Korea's tech landscape was shaken on Tuesday as prosecutors arrested Kim Beom-su, the founder of Kakao Corp., on allegations of stock price manipulation. This dramatic development comes amid the high-stakes corporate battle involving the takeover of the K-pop agency SM Entertainment, a case that has significant implications for the nation's entertainment and technology sectors. 
South Korea's tech landscape was shaken on Tuesday as prosecutors arrested Kim Beom-su, the founder of Kakao Corp., on allegations of stock price manipulation. This dramatic development comes amid the high-stakes corporate battle involving the takeover of the K-pop agency SM Entertainment, a case that has significant implications for the nation's entertainment and technology sectors. -
Haier Invests 1 Billion Yuan to Expand in Africa
In the latest wave of Chinese companies expanding overseas, Haier, an established player, has made a significant move. Haier Smart Home, the appliance subsidiary of Haier Group, recently signed a transaction agreement with Sweden's Electrolux Group to acquire Electrolux South Africa Proprietary Limited (ESA), which operates in the South African water heater market. The deal, worth 2.45 billion South African Rand (approximately $1.4 billion), includes ESA's 100% equity and its appliance business personnel. The transaction is expected to close in the fourth quarter of 2024, pending regulatory approval. 
In the latest wave of Chinese companies expanding overseas, Haier, an established player, has made a significant move. Haier Smart Home, the appliance subsidiary of Haier Group, recently signed a transaction agreement with Sweden's Electrolux Group to acquire Electrolux South Africa Proprietary Limited (ESA), which operates in the South African water heater market. The deal, worth 2.45 billion South African Rand (approximately $1.4 billion), includes ESA's 100% equity and its appliance business personnel. The transaction is expected to close in the fourth quarter of 2024, pending regulatory approval. -
China Lowers Key Rates to Stimulate Economy Amid Weak Growth
In an unexpected move to bolster its faltering economy, China has reduced key interest rates, signaling a significant shift in its monetary policy. 
In an unexpected move to bolster its faltering economy, China has reduced key interest rates, signaling a significant shift in its monetary policy. -
China Condemns Japan-Taiwan Maritime Drill Amid Rising Tensions
China has expressed strong dissatisfaction and firm opposition to a recent joint maritime drill conducted by Japan and Taiwan, lodging a formal protest with Tokyo. The exercise, involving Taiwan's "Patrol No. 9" inspection ship and Japan's aircraft-carrying inspection ship "Sagami," took place near the southern tip of the Boso Peninsula and the waters around Izu Island, according to reports. 
China has expressed strong dissatisfaction and firm opposition to a recent joint maritime drill conducted by Japan and Taiwan, lodging a formal protest with Tokyo. The exercise, involving Taiwan's "Patrol No. 9" inspection ship and Japan's aircraft-carrying inspection ship "Sagami," took place near the southern tip of the Boso Peninsula and the waters around Izu Island, according to reports.
