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

  • Biden Contemplates Military Action to Defend Taiwan
    REJECT MAGA
    In a recent interview with Time magazine, U.S. President Joe Biden indicated that he has not ruled out the possibility of using American military force to defend Taiwan in the event of a Chinese invasion. This strong stance reflects the ongoing tension between the U.S. and China over Taiwan, a self-ruled democratic island that Beijing considers a breakaway province.
  • China Vanke Fully Repays 2023 Dollar Bonds, Eases Liquidity Pressure
    After Not Using The Property Market To Kick Start The Economy, Vanke’s Sales Increase 30 Per Cent
    Vanke has announced the full repayment of its dollar bonds due this year, following a substantial syndicate loan of 20 billion yuan.
  • Modi Submits Resignation as BJP Prepares for Third Term: What’s Next for India’s Government?
    Modi Submits Resignation as BJP Prepares for Third Term: What’s Next for India’s Government?
    Prime Minister Narendra Modi and the Union Cabinet submitted their resignations to President Droupadi Murmu on Wednesday, following the recent Lok Sabha election results. This move paves the way for Modi's anticipated swearing-in ceremony for a third consecutive term on June 8, marking a significant moment in India's political landscape.
  • China Tightens Security on 35th Anniversary of Tiananmen Crackdown, Silencing Memorials in Hong Kong
    Hong Kong
    China has heightened security measures in Beijing and Hong Kong on the 35th anniversary of the Tiananmen Square crackdown, quashing any attempts to commemorate the bloody event that ended months-long pro-democracy protests in 1989.
  • Airbus in Advanced Negotiations to Sell Over 100 A330neo Jets to China
    Airbus
    Airbus SE is in advanced negotiations to sell more than 100 A330neo aircraft to major Chinese airlines, marking a significant potential deal in the competitive aviation sector. This development follows recent high-level meetings between Chinese President Xi Jinping and French President Emmanuel Macron, signaling strengthened ties between the two nations and their respective industries.
  • Chinese Electric Vehicle Exports to Europe Surge by 23% in First Four Months
    BYD Q1 Earnings
    Chinese electric vehicle (EV) exports to Europe have shown robust growth, increasing by more than a fifth year-on-year from January to April.
  • Shein Eyes London IPO, Potential £50 Billion Valuation Amid Controversies
    SHEIN's Global Shopping Spree Continues with Acquisition of UK's Missguided
    Shein, the Chinese-founded online fashion retailer, is poised to file a prospectus with Britain's Financial Conduct Authority (FCA) for a potential London Stock Exchange floatation, which could value the company at approximately £50 billion ($63.70 billion). The confidential filing is expected to take place imminently, according to sources cited by Sky News. This move comes after Shein faced regulatory hurdles and political pushback in its initial attempt to list in New York.
  • Toyota and Other Japanese Automakers Face Deepening Scandal Over Testing Irregularities
    BOOST
    Toyota Motor Corp. and four other Japanese automakers have admitted to falsifying testing data or conducting improper tests on vehicles, leading to halted shipments and shaken consumer trust. The revelations have triggered a government investigation and cast a shadow over the country's reputation for meticulous quality control in manufacturing.
  • China Fines Evergrande’s Hengda $577 Million for Fraudulent Bond Issuance
    China Evergrande
    China's financial regulatory body has imposed a substantial fine on China Evergrande Group's onshore flagship unit, Hengda Real Estate, amounting to 4.18 billion yuan ($577 million) for fraudulent bond issuance and illegal information disclosure.
  • Saudi Aramco’s Venture Fund Prosperity7 Participates in Zhipu AI’s $400 Million Investment Round
    Saudi Aramco’s Venture Fund Prosperity7 Participates in Zhipu AI’s $400 Million Investment Round
    Saudi Aramco's venture capital arm, Prosperity7, has joined a $400 million investment round in Chinese AI startup Zhipu AI, according to two sources familiar with the matter, media reported on Friday.
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