Ethan Zhao
Senior Reporter
The Latest
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ByteDance Founder Zhang Yiming Tops China's Rich List as Tech Titans Dominate Wealth Rankings
Zhang Yiming, founder of ByteDance, has been named China's richest person for the first time, marking a significant shift in the country's billionaire rankings. According to the 2024 Hurun China Rich List, Zhang's fortune has soared to $49.3 billion, driven by the global success of ByteDance's popular platforms like TikTok and Douyin. This surge in wealth propelled Zhang past previous leader Zhong Shanshan, the bottled water magnate behind Nongfu Spring, whose wealth dropped significantly amid public backlash earlier this year. 
Zhang Yiming, founder of ByteDance, has been named China's richest person for the first time, marking a significant shift in the country's billionaire rankings. According to the 2024 Hurun China Rich List, Zhang's fortune has soared to $49.3 billion, driven by the global success of ByteDance's popular platforms like TikTok and Douyin. This surge in wealth propelled Zhang past previous leader Zhong Shanshan, the bottled water magnate behind Nongfu Spring, whose wealth dropped significantly amid public backlash earlier this year. -
Ukraine and South Korea to Strengthen Cooperation as North Korea Deploying Thousands of Soldiers to Aid Russia
Ukraine and South Korea are ramping up cooperation in response to North Korea's increasing involvement in Russia's war against Ukraine. Ukrainian President Volodymyr Zelensky announced on Tuesday that he had reached an agreement with South Korean President Yoon Suk Yeol to enhance intelligence sharing and coordinate strategies to address the growing deployment of North Korean troops in support of Russia. 
Ukraine and South Korea are ramping up cooperation in response to North Korea's increasing involvement in Russia's war against Ukraine. Ukrainian President Volodymyr Zelensky announced on Tuesday that he had reached an agreement with South Korean President Yoon Suk Yeol to enhance intelligence sharing and coordinate strategies to address the growing deployment of North Korean troops in support of Russia. -
China's Industrial Profits Plunge 27%, Sparking Calls for Stronger Stimulus
China's industrial firms suffered their steepest profit decline in nearly three years in September, underscoring the mounting challenges in the world's second-largest economy and intensifying pressure on policymakers to bolster growth. 
China's industrial firms suffered their steepest profit decline in nearly three years in September, underscoring the mounting challenges in the world's second-largest economy and intensifying pressure on policymakers to bolster growth. -
TSMC Suspends Shipments to Chinese Firm Over Alleged Huawei Link: Report
Taiwan Semiconductor Manufacturing Co. has suspended shipments to Chinese chip designer Sophgo after discovering that a chip it produced for the firm was found in a Huawei Technologies Co. AI processor, according to people familiar with the matter. The move underscores the escalating tensions in the global semiconductor industry amid stringent U.S. export controls aimed at curbing China's access to advanced technology. 
Taiwan Semiconductor Manufacturing Co. has suspended shipments to Chinese chip designer Sophgo after discovering that a chip it produced for the firm was found in a Huawei Technologies Co. AI processor, according to people familiar with the matter. The move underscores the escalating tensions in the global semiconductor industry amid stringent U.S. export controls aimed at curbing China's access to advanced technology. -
China Uneasy Over North Korean Troops Fighting in Ukraine, Putin Defends Growing Alliance
China's long-standing alliance with North Korea is being tested as reports confirm that thousands of North Korean soldiers have been deployed to Russia, potentially to fight in the ongoing Ukraine war. 
China's long-standing alliance with North Korea is being tested as reports confirm that thousands of North Korean soldiers have been deployed to Russia, potentially to fight in the ongoing Ukraine war. -
North Korean Soldiers Enter Combat Zone in Russia, Ukraine Claims
Ukraine's military intelligence has reported the presence of North Korean troops in Russia's Kursk region, a territory bordering Ukraine that has seen active military operations. The Defense Intelligence of Ukraine announced that a group of North Korean soldiers had been spotted in Kursk on Wednesday, marking the first reported deployment of North Korean forces in the ongoing war between Russia and Ukraine. 
Ukraine's military intelligence has reported the presence of North Korean troops in Russia's Kursk region, a territory bordering Ukraine that has seen active military operations. The Defense Intelligence of Ukraine announced that a group of North Korean soldiers had been spotted in Kursk on Wednesday, marking the first reported deployment of North Korean forces in the ongoing war between Russia and Ukraine. -
Xi and Modi Hold First Formal Talks in Five Years, Marking Step Toward Resolving Ladakh Standoff
Chinese President Xi Jinping and Indian Prime Minister Narendra Modi held their first formal bilateral talks in five years on Wednesday, signaling a potential thaw after years of tensions. The meeting, which took place on the sidelines of the BRICS summit in the Russian city of Kazan, marks a crucial moment in the efforts to resolve the lingering military standoff along the India-China border in Ladakh. 
Chinese President Xi Jinping and Indian Prime Minister Narendra Modi held their first formal bilateral talks in five years on Wednesday, signaling a potential thaw after years of tensions. The meeting, which took place on the sidelines of the BRICS summit in the Russian city of Kazan, marks a crucial moment in the efforts to resolve the lingering military standoff along the India-China border in Ladakh. -
Kim Jong Un Escalates Nuclear Rhetoric Amid US Tensions and Russian Military Ties
North Korean leader Kim Jong Un has heightened tensions on the Korean Peninsula with a stark warning about nuclear deterrence, amid growing international concern over Pyongyang's military cooperation with Russia and its expanding nuclear arsenal. 
North Korean leader Kim Jong Un has heightened tensions on the Korean Peninsula with a stark warning about nuclear deterrence, amid growing international concern over Pyongyang's military cooperation with Russia and its expanding nuclear arsenal. -
North Korea Denies Sending Troops to Aid Russia in Ukraine as South Korea Considers Military Support for Kyiv
North Korea has strongly denied claims that it is deploying troops to support Russia's military operations in Ukraine, following reports from South Korean intelligence suggesting otherwise. In a statement made during a United Nations General Assembly meeting, a North Korean representative dismissed the allegations as baseless rumors, saying they were aimed at damaging the country's image and undermining its legitimate ties with Russia. 
North Korea has strongly denied claims that it is deploying troops to support Russia's military operations in Ukraine, following reports from South Korean intelligence suggesting otherwise. In a statement made during a United Nations General Assembly meeting, a North Korean representative dismissed the allegations as baseless rumors, saying they were aimed at damaging the country's image and undermining its legitimate ties with Russia. -
China Condemns Attack on Myanmar Consulate, Demands Swift Justice
China has condemned an attack on its consulate in Mandalay, Myanmar, and is urging Myanmar authorities to apprehend those responsible. The incident, which occurred on Friday, involved an explosive device detonated at the consulate, partially damaging the premises but causing no injuries. The attack has heightened tensions in a country already mired in turmoil since a military coup in February 2021 ousted an elected civilian government, abruptly halting Myanmar's tentative move towards democracy. 
China has condemned an attack on its consulate in Mandalay, Myanmar, and is urging Myanmar authorities to apprehend those responsible. The incident, which occurred on Friday, involved an explosive device detonated at the consulate, partially damaging the premises but causing no injuries. The attack has heightened tensions in a country already mired in turmoil since a military coup in February 2021 ousted an elected civilian government, abruptly halting Myanmar's tentative move towards democracy.
