The fintech group had secured a US$100 million facility from HSBC in 2022 to expand its payments business across Asia. ( read original story ...)
China’s retail rally in lower-tier locales tops big-city light spenders
People face less daunting financial pressures and lesser debt burdens in smaller Chinese cities, with relatively stable expectations about the future. ( read original story ...)
Pony AI Nears US IPO as Self-Driving Rivalry With China Heats Up
The Guangzhou-headquartered company, which makes self-driving software and operates a fleet of 250 robotaxis in cities including Beijing and Shanghai, is part of a growing cohort of companies in China ... ( read original story ...)
Russia set to power China’s financial capital Shanghai with a new gas pipeline
China’s financial capital Shanghai is expected to get ‘stable natural gas supply’ by the end of this year as the work on China-Russia east-route natural gas pipeline has completed seven months ahead o ... ( read original story ...)
A surge in mass attacks has killed dozens in China in recent months
Dozens of people have been killed in China in the past three months in a series of mass attacks using vehicles or knives. ( read original story ...)
Singapore Tycoon Loses Suit Against HSBC, Sentenced To Prison On Forgery Charges
The judgement is in relation to the high-profile demise of Singapore commodity trading business, Hin Leong Trade Pte Ltd., which in 2021 shut down after failing to restructure $4 billion in debt. ( read original story ...)
Stock market today: Asian shares gain, apart from in China, after Wall St regains its stride
Shares have advanced in Asia, apart from in China, after most U.S. stocks ticked higher to recover some of their sharp slide from last week ... ( read original story ...)