Ethan Zhao
Senior Reporter
The Latest
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Alibaba to Sell Sun Art Stake to DCP for $1.6 Billion
Alibaba Group Holding Ltd., one of China's leading e-commerce giants, announced its agreement to sell a majority stake in Sun Art Retail Group to private equity firm DCP Capital for HK$12.298 billion (approximately $1.6 billion). This decision marks a significant step in Alibaba's strategy to refocus on its core e-commerce business while divesting non-essential assets. 
Alibaba Group Holding Ltd., one of China's leading e-commerce giants, announced its agreement to sell a majority stake in Sun Art Retail Group to private equity firm DCP Capital for HK$12.298 billion (approximately $1.6 billion). This decision marks a significant step in Alibaba's strategy to refocus on its core e-commerce business while divesting non-essential assets. -
Xi Jinping’s New Year Address Promises Stability, Economic Stimulus, and Closer Russia Ties
Chinese President Xi Jinping projected confidence in China's economic trajectory during his New Year's address, setting a 5% growth target for 2025 despite looming external challenges, including U.S. President-elect Donald Trump's planned tariffs on Chinese imports. Xi emphasized the country's resilience in the face of economic uncertainty while underscoring Beijing's deepening ties with Russia amid a shifting global landscape. 
Chinese President Xi Jinping projected confidence in China's economic trajectory during his New Year's address, setting a 5% growth target for 2025 despite looming external challenges, including U.S. President-elect Donald Trump's planned tariffs on Chinese imports. Xi emphasized the country's resilience in the face of economic uncertainty while underscoring Beijing's deepening ties with Russia amid a shifting global landscape. -
South Korean Court Issues Arrest Warrant for Impeached President Yoon Suk Yeol
A South Korean court on Tuesday approved an arrest warrant for President Yoon Suk Yeol, marking the first time in the nation's history that an arrest warrant has been issued for a sitting president. The Seoul Western District Court's decision comes amid a criminal investigation into charges of insurrection following Yoon's controversial imposition of martial law on December 3. 
A South Korean court on Tuesday approved an arrest warrant for President Yoon Suk Yeol, marking the first time in the nation's history that an arrest warrant has been issued for a sitting president. The Seoul Western District Court's decision comes amid a criminal investigation into charges of insurrection following Yoon's controversial imposition of martial law on December 3. -
Chinese Court Hands Life Sentence to Teen for Classmate's Murder
A court in northern China has sentenced a teenage boy to life in prison for the brutal murder of his classmate, a case that has ignited a nationwide debate on the treatment of juvenile offenders in the country. The sentencing, handed down in Hebei province, marks one of the first applications of China's 2021 legal reform lowering the minimum age of criminal responsibility for certain grave offenses from 14 to 12. 
A court in northern China has sentenced a teenage boy to life in prison for the brutal murder of his classmate, a case that has ignited a nationwide debate on the treatment of juvenile offenders in the country. The sentencing, handed down in Hebei province, marks one of the first applications of China's 2021 legal reform lowering the minimum age of criminal responsibility for certain grave offenses from 14 to 12. -
South Korea Investigates Jeju Air Crash as Grieving Families Demand Answers: What We Know So far
A Jeju Air plane crash that killed 179 people has shaken South Korea, prompting an exhaustive investigation into the nation's deadliest aviation disaster in decades. The crash occurred on Sunday morning when Flight 7C 2216, en route from Bangkok to Muan International Airport, failed to land safely, ultimately overshooting the runway and erupting in flames. 
A Jeju Air plane crash that killed 179 people has shaken South Korea, prompting an exhaustive investigation into the nation's deadliest aviation disaster in decades. The crash occurred on Sunday morning when Flight 7C 2216, en route from Bangkok to Muan International Airport, failed to land safely, ultimately overshooting the runway and erupting in flames. -
South Korea Probes Deadly Plane Crash That Killed 179, Questions Bird Strike Theory
South Korea is grappling with one of its worst aviation tragedies after a Jeju Air passenger jet crashed and burst into flames at Muan International Airport on Sunday, killing 179 of the 181 people aboard. The crash has prompted an extensive investigation into its causes, with experts questioning initial suggestions that a bird strike might have triggered the catastrophic landing failure. South Korea is grappling with one of its worst aviation tragedies after a Jeju Air passenger jet crashed and burst into flames at Muan International Airport on Sunday, killing 179 of the 181 people aboard. The crash has prompted an extensive investigation into its causes, with experts questioning initial suggestions that a bird strike might have triggered the catastrophic landing failure. -
Jeju Air Flight Turns Deadly: Plane Skids, Explodes in South Korea, Killing 179
The Boeing 737-800 aircraft, unable to deploy its landing gear, skidded off the runway and exploded into a fiery blaze, killing at least 62 people and leaving others unaccounted for, according to South Korea's National Fire Agency. 
The Boeing 737-800 aircraft, unable to deploy its landing gear, skidded off the runway and exploded into a fiery blaze, killing at least 62 people and leaving others unaccounted for, according to South Korea's National Fire Agency. -
China Sentences Driver to Death for Zhuhai Car Attack That Killed 35
A Chinese court on Friday sentenced a 62-year-old man to death for deliberately ramming his car into a crowd at a sports complex in Zhuhai, Guangdong province, last month, killing 35 people and injuring 43 others. The tragedy has drawn widespread attention and scrutiny over public security in China. 
A Chinese court on Friday sentenced a 62-year-old man to death for deliberately ramming his car into a crowd at a sports complex in Zhuhai, Guangdong province, last month, killing 35 people and injuring 43 others. The tragedy has drawn widespread attention and scrutiny over public security in China. -
China’s Sixth-Generation Fighter Emerges While U.S. Struggles to Advance NGAD
China's recent unveiling of advanced stealth fighter jet prototypes has intensified global attention on its growing military capabilities, especially as the U.S. Air Force's Next Generation Air Dominance (NGAD) program faces delays. The developments underscore the evolving dynamics of aerial superiority between the world's two largest military powers. 
China's recent unveiling of advanced stealth fighter jet prototypes has intensified global attention on its growing military capabilities, especially as the U.S. Air Force's Next Generation Air Dominance (NGAD) program faces delays. The developments underscore the evolving dynamics of aerial superiority between the world's two largest military powers. -
Osamu Suzuki, Architect of Suzuki Motor’s Global Success, Dies at 94
Osamu Suzuki, the man who transformed Suzuki Motor from a modest Japanese mini-car manufacturer into a global automotive powerhouse, has died at 94. The company announced that Suzuki passed away on Wednesday due to lymphoma. Over his more than four decades at the helm, Suzuki left an indelible mark on the automotive industry, particularly in emerging markets like India. 
Osamu Suzuki, the man who transformed Suzuki Motor from a modest Japanese mini-car manufacturer into a global automotive powerhouse, has died at 94. The company announced that Suzuki passed away on Wednesday due to lymphoma. Over his more than four decades at the helm, Suzuki left an indelible mark on the automotive industry, particularly in emerging markets like India.
