Chagee has rapidly expanded its footprint across Asia, boasting more than 6,400 unit locations as of late 2024. The company’s extensive menu features an array of freshly made tea beverages, including ... ( read original story ...)
China’s Shanghai Composite index rose 0.38%
Markets awaited more details on U.S. President Donald Trump's reciprocal tariff announcements set to be announced on Wednesday, which Trump has dubbed 'Liberation Day.' ... ( read original story ...)
Microsoft closes AI lab in Shanghai, signaling growing rift, SCMP reports
Amid growing geopolitical tensions, the latest indication of U.S. tech giant Microsoft’s (MSFT) retreat from China is the shuttering of its IoT ... ( read original story ...)
China to recapitalise 4 big banks with 500b yuan
China’s Finance Ministry will inject 500 billion yuan (S$92 billion) into four of the nation’s largest state banks via share placements, following through on a pledge to beef up capital buffers. Read ... ( read original story ...)
iShowSpeed livestreams show world an unfiltered China
His lens revealed a nation so starkly divergent from typical Western caricatures that it made many viewers confront the uncomfortable truth that their perception of China had been systematically ... ( read original story ...)
PetroChina reports record 2024 net income on higher production
PetroChina , , Asia's largest oil and gas producer, on Sunday said annual net profit rose 2% to a record high, as moderately higher production helped to offset lower oil prices. ( read original story ...)
Bank of China’s 2024 profit rises 2.6%
Bank of China beat forecasts on Wednesday with a 2.6% rise in 2024 net profit, according to a filing. Profit climbed to 237.84 billion yuan ($32.74 billion) from 231.90 billion yuan in 2023, the bank ... ( read original story ...)