Ethan Zhao

Ethan Zhao
Senior Reporter
Ethan Zhao is a features reporter at Business Times specializing in company, technology and in-depth. For news tips and feedback, please contact: ethanz@businesstimes.cn

The Latest

  • Standoff at Presidential Residence: South Korean Investigators Halt Attempt to Detain Yoon Suk Yeol
    South Korea's President Yoon Suk-yeol Reshuffles Cabinet, Aiming to Strengthen Position Ahead of Key Parliamentary Elections
    South Korean investigators have temporarily suspended efforts to detain impeached President Yoon Suk Yeol following an intense standoff at his residence in Seoul on Friday. The move to enforce the unprecedented arrest warrant, issued over allegations of insurrection and abuse of power, encountered fierce resistance from Yoon's security team and thousands of his supporters, who gathered to block authorities.
  • China Expands Export Controls on 28 U.S. Companies, Including Defense Giants
    China US
    China's Ministry of Commerce announced new trade restrictions on Thursday, targeting 28 U.S. companies in a move aimed at "safeguarding national security and interests." The measures, which ban the export of dual-use items-those with both civilian and military applications-to these firms, mark an escalation in the ongoing trade conflict between Washington and Beijing.
  • China Proposes New Export Curbs on Battery Technology and Critical Minerals
    China Proposes New Export Curbs on Battery Technology, Critical Minerals
    China's Ministry of Commerce has proposed new export restrictions on technology related to battery components and critical minerals, further tightening its grip on key materials essential to the global energy transition. The measures, announced on Thursday, aim to restrict the export of certain technologies used to produce cathodes, extract lithium, and process gallium. Public consultations on the proposed changes will continue until February 1.
  • Alibaba to Sell Sun Art Stake to DCP for $1.6 Billion
    FIRST LOSS
    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
    China President Xi Jinping
    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
    South Korean President Declares Martial Law, Accuses Opposition of Anti-State Activities
    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
    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.
  • South Korea Investigates Jeju Air Crash as Grieving Families Demand Answers: What We Know So far
    South Korea Probes Deadly Plane Crash That Killed 179, Questions Bird Strike Theory
    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 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.
  • Jeju Air Flight Turns Deadly: Plane Skids, Explodes in South Korea, Killing 179
    Jeju Air Flight Turns Deadly: Plane Skids, Explodes in South Korea, Killing 62
    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.
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