Caixin Global - Latest Business and Financial News on China, U.S. Trade War and Negotiations, Breaking News, Headlines and Developments

TOP STORIES

: Five Things to Know About China’s Humanoid Robot Poster Child
Unitree’s shares soared more than 600% in its Shanghai debut, riding a wave of investor enthusiasm for AI-powered machines even as widespread commercial use remains years off

: China Sentences Evergrande Founder Hui Ka Yan to Life in Prison for Massive Fraud
A Shenzhen court also levies massive fines against the developer’s main units for systematic fraud

In Depth: PwC’s Evergrande Crisis Deepens With Record Hong Kong Settlement and Criminal Probes
China Evergrande Founder Pleads Guilty in Landmark Trial Over Property Collapse

In Depth: Game Studios Have Bought Into AI, but Players Still Aren’t Sold

Generative tools are fueling a boom in fast, low-cost production, but as cheap titles flood the market, a crisis of trust is brewing among gamers looking for originality

: CK Hutchison Seeks $1.5 Billion in Damages From Panama Over Seized Ports
Hong Kong conglomerate launches new arbitration pursuing an investor-state dispute after the local government forcibly took control of two canal terminals

YMTC Moves Closer to Shanghai IPO

The memory-chip maker has completed its pre-IPO tutoring work, paving the way for a listing on the city’s STAR market as the company catches up with South Korean and U.S. rivals

INSIGHT

In Depth: How Gamed AI Answers Can Lead Investors Astray

Cover Story: Unmasking the Architect of a Global Cybercrime Empire

Analysis: Travel Is Booming in China, so Why Are State Tourism Firms Bleeding Red Ink?

Caixin Explains: How China Plans to Pay for Its Urban Renewal Push

A-Share Database >>

China Business Uncovered Podcast: Leaked Deals, Bribes Behind Hong Kong’s Insider-Trading Scheme

Aug 14, 2026 03:23 PM

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LATEST NEWS

: AI Computing Boom Drives Data Center Expansion Across Asia-Pacific
Demand for AI inference is pushing investment into Southeast Asia, India and Australia, where land, supply chains and power access are reshaping the next phase of digital infrastructure
Aug 21, 2026 03:33 AM

: Pop Mart Unveils Up to 5 Billion Yuan Buyback as Overseas Revenue Falls
Chinese toymaker says first-half overseas revenue fell 11.1%, prompting an internal overhaul and raising the likelihood it will miss its 20% full-year growth goal
Aug 21, 2026 02:36 AM

: Shanghai Financial Court Issues New Guidelines to Support Global Finance Ambitions
The 18-point framework clarifies rules for offshore finance and asset-management disputes while signaling tighter scrutiny of unauthorized overseas investment activity
Aug 21, 2026 01:09 AM

: China’s Services Spending Outpaces Goods as Travel, Entertainment Gain
Service retail sales rose much faster than purchases of physical goods in the first seven months of 2026, reinforcing Beijing’s push to rely more on consumption in travel, culture and healthcare
Aug 21, 2026 12:46 AM

: Want Want Begins Layoffs as Profit Slump Deepens Pressure on Legacy Snack Maker
Chairman Tsai Eng-meng has described the company’s situation as a severe operational crisis, as declining sales, channel disruption and weak product innovation force restructuring
Aug 21, 2026 12:28 AM

: Singapore Unveils Tax, Visa Incentives in Race With Hong Kong
The city-state introduced tax breaks for qualifying fund managers and a new visa pathway for senior investment professionals as competition with Hong Kong for asset management business intensifies
Aug 20, 2026 11:52 PM

: Business Brief (Aug. 20): China Opposes U.S. Pressure to Take Sides in AI Race
Beijing condemns EU subsidy probe into JD.com, Tesla integrates ByteDance’s AI model in China
Aug 20, 2026 05:25 PM

: Unitree Shares Decline as Founder Flags Limits of Humanoid Robots
Unitree Robotics shares drop 16% on their second day of trading after founder Wang Xingxing says humanoids are years away from large-scale factory viability
Aug 20, 2026 03:22 PM

: China Blocks EU Probe of JD.com’s Takeover of German Retailer
Justice ministry condemns the subsidy investigation as ‘unjustified extraterritorial jurisdiction’ measures, ordering that ‘no organization or individual may execute or assist in its execution’
Aug 20, 2026 12:52 PM

: Commentary: As AI Risks Rise, China and U.S. Search for Different Guardrails
As autonomous AI agents blur the line between generating text and executing actions, the world’s two technology superpowers are taking radically different approaches to managing the risks
Aug 20, 2026 12:44 PM

: CX Daily: Game Studios Have Bought Into AI, but Players Still Aren’t Sold
An explosion of cheap, AI-developed games is fueling a crisis of trust among gamers looking for originality
Aug 20, 2026 09:00 AM

: Evergrande Liquidators Seek to Block $128 Million PwC-SFC Settlement
Liquidators say a HK$1 billion fund for minority shareholders could erode assets that should be preserved for creditors as they pursue a separate 57 billion yuan claim against the auditor
Aug 20, 2026 04:03 AM

: Bank of Shanghai Takes Direct Control of Hong Kong Investment-Banking Unit
Regulators approved the bank’s acquisition of BOSC International as mainland institutions tighten oversight of offshore businesses hit by losses on Chinese property bonds
Aug 20, 2026 03:18 AM

: Hong Kong Police Probe ZD Group for Alleged Fraud After HK$1 Billion Fund Freeze
Police said 24 investors had filed reports as of Aug. 17 after frozen accounts linked to ZD Group affiliates halted redemptions on funds marketed for Hong Kong IPO investments
Aug 20, 2026 03:02 AM

: Hitachi Energy Invests $300 Million to Expand Transformer Production in China
The company is expanding in eastern China as AI data-center growth and the energy transition tighten global transformer supply and extend equipment lead times
Aug 20, 2026 02:43 AM

: China Indicts 17 in Cross-Border Human-Trafficking Ring Linked to Myanmar Scam Centers
Prosecutors say the group lured Chinese citizens to Thailand with fake job offers, then moved them into Myanmar scam compounds where some victims faced sexual abuse and forced labor
Aug 20, 2026 02:29 AM