Ethan Zhao
Senior Reporter
The Latest
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Hong Kong Court Freezes $1.8 Billion HSBC Account in Wahaha Heir Dispute Over Offshore Trusts
A Hong Kong court has frozen a $1.8 billion HSBC account linked to Wahaha Group chairwoman Zong Fuli amid a high-profile inheritance dispute with her three half-siblings, who claim a breach of a family trust agreement involving the estate of the beverage empire's late founder, Zong Qinghou. 
A Hong Kong court has frozen a $1.8 billion HSBC account linked to Wahaha Group chairwoman Zong Fuli amid a high-profile inheritance dispute with her three half-siblings, who claim a breach of a family trust agreement involving the estate of the beverage empire's late founder, Zong Qinghou. -
China’s Politburo Vows to Curb Deflation, Rein in Price Wars as Trump Tariff Deadline Looms
China's top leadership pledged new measures to stabilize the economy in the second half of the year, including curbing excessive price competition and managing industrial overcapacity, as fresh uncertainty surrounds the country's trade relations with the United States. The commitments were outlined in a statement following the July meeting of the Politburo, the Communist Party's highest decision-making body for economic policy. 
China's top leadership pledged new measures to stabilize the economy in the second half of the year, including curbing excessive price competition and managing industrial overcapacity, as fresh uncertainty surrounds the country's trade relations with the United States. The commitments were outlined in a statement following the July meeting of the Politburo, the Communist Party's highest decision-making body for economic policy. -
Flooding in Beijing Leaves at Least 38 Dead, Tens of Thousands Evacuated as Region Endures Rare Deluge
At least 38 people have died and over 80,000 residents have been displaced in the Beijing region following a historic rainfall event that dumped nearly a year's worth of precipitation in just a few days. The intense storms triggered widespread flooding, landslides, and infrastructure failures across northern China, particularly in the capital city and neighboring Hebei province. 
At least 38 people have died and over 80,000 residents have been displaced in the Beijing region following a historic rainfall event that dumped nearly a year's worth of precipitation in just a few days. The intense storms triggered widespread flooding, landslides, and infrastructure failures across northern China, particularly in the capital city and neighboring Hebei province. -
CK Hutchison Seeks Chinese Investor as Beijing Scrutinizes $22.8 Billion Global Ports Deal
CK Hutchison Holdings is in talks to add a major Chinese strategic investor to a $22.8 billion ports divestment deal, following pressure from Beijing regulators and intensifying geopolitical tensions over port control along the Panama Canal. The Hong Kong-based conglomerate confirmed the negotiations on Monday, one day after the exclusive period with an existing U.S.-European consortium expired. 
CK Hutchison Holdings is in talks to add a major Chinese strategic investor to a $22.8 billion ports divestment deal, following pressure from Beijing regulators and intensifying geopolitical tensions over port control along the Panama Canal. The Hong Kong-based conglomerate confirmed the negotiations on Monday, one day after the exclusive period with an existing U.S.-European consortium expired. -
Thailand and Cambodia Agree to Immediate Ceasefire After Deadly Border Clashes
Thailand and Cambodia have agreed to an "immediate and unconditional" ceasefire following days of deadly border fighting, Malaysian Prime Minister Anwar Ibrahim announced Monday after hosting high-level talks in Putrajaya. The agreement came after intense negotiations between acting Thai Prime Minister Phumtham Wechayachai and Cambodian Prime Minister Hun Manet, which were attended by U.S. and Chinese officials. 
Thailand and Cambodia have agreed to an "immediate and unconditional" ceasefire following days of deadly border fighting, Malaysian Prime Minister Anwar Ibrahim announced Monday after hosting high-level talks in Putrajaya. The agreement came after intense negotiations between acting Thai Prime Minister Phumtham Wechayachai and Cambodian Prime Minister Hun Manet, which were attended by U.S. and Chinese officials. -
Arizona Woman Sentenced to 8 Years for Aiding North Korean IT Espionage Scheme Targeting U.S. Firms
An Arizona woman was sentenced Thursday to more than eight years in federal prison for orchestrating a sophisticated scheme that allowed North Korean operatives to pose as American IT workers and siphon millions of dollars from over 300 U.S. companies, including major Fortune 500 firms. The Department of Justice described the operation as one of the largest North Korean IT fraud schemes uncovered to date. 
An Arizona woman was sentenced Thursday to more than eight years in federal prison for orchestrating a sophisticated scheme that allowed North Korean operatives to pose as American IT workers and siphon millions of dollars from over 300 U.S. companies, including major Fortune 500 firms. The Department of Justice described the operation as one of the largest North Korean IT fraud schemes uncovered to date. -
Thailand Rejects Mediation as Border War With Cambodia Displaces 60,000+
Tens of thousands of civilians have fled their homes as intense fighting between Thailand and Cambodia entered a second day on Friday, marking the most severe hostilities between the two Southeast Asian neighbors in over a decade. Despite ceasefire overtures, Thailand has rejected third-party mediation, insisting on bilateral talks to resolve the escalating conflict along their long-disputed border. 
Tens of thousands of civilians have fled their homes as intense fighting between Thailand and Cambodia entered a second day on Friday, marking the most severe hostilities between the two Southeast Asian neighbors in over a decade. Despite ceasefire overtures, Thailand has rejected third-party mediation, insisting on bilateral talks to resolve the escalating conflict along their long-disputed border. -
Beijing Presses for Talks as Thai-Cambodian Border Conflict Escalates
China has expressed deep concern over the escalating border conflict between Thailand and Cambodia, urging both Southeast Asian nations to resolve their differences through peaceful dialogue. The Chinese Foreign Ministry issued its statement on Thursday after Thai fighter jets struck Cambodian military positions in what officials in Bangkok described as retaliation for earlier artillery attacks by Cambodian troops. 
China has expressed deep concern over the escalating border conflict between Thailand and Cambodia, urging both Southeast Asian nations to resolve their differences through peaceful dialogue. The Chinese Foreign Ministry issued its statement on Thursday after Thai fighter jets struck Cambodian military positions in what officials in Bangkok described as retaliation for earlier artillery attacks by Cambodian troops. -
Thailand-Cambodia Border Clashes Leave 12 Dead as Fighter Jets Escalate Conflict
A sharp escalation in violence between Thailand and Cambodia has left at least 12 people dead and plunged relations between the two Southeast Asian neighbors to their lowest point in over a decade. Heavy fighting broke out Thursday near the disputed Prasat Ta Moan Thom Temple in Thailand's Surin province, involving artillery fire, surveillance drones, and F-16 fighter jets, officials from both countries confirmed. A sharp escalation in violence between Thailand and Cambodia has left at least 12 people dead and plunged relations between the two Southeast Asian neighbors to their lowest point in over a decade. Heavy fighting broke out Thursday near the disputed Prasat Ta Moan Thom Temple in Thailand's Surin province, involving artillery fire, surveillance drones, and F-16 fighter jets, officials from both countries confirmed. -
Microsoft Says Chinese Hackers Breached SharePoint Servers in Widespread Cyberattack
Microsoft is facing mounting scrutiny after Chinese state-linked hacking groups exploited a critical flaw in its SharePoint server software, compromising data from government agencies and major businesses across the globe-including the U.S. agency that oversees nuclear weapons, according to multiple sources including Bloomberg and Reuters. 
Microsoft is facing mounting scrutiny after Chinese state-linked hacking groups exploited a critical flaw in its SharePoint server software, compromising data from government agencies and major businesses across the globe-including the U.S. agency that oversees nuclear weapons, according to multiple sources including Bloomberg and Reuters.
