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In Depth: Why Geely’s Founder Broke With Chinese Business Tradition for His Succession

By passing over family in favor of seasoned professional managers, Li Shufu aims to turn his carmaking empire into an enduring modern corporation

The Hong Kong stock exchange. Photo: Li Zhihua/China News Service/VCG

Hong Kong Moves to Ease Listing Rules on Major Deals, Spin-Offs

The bourse has launched a 10-week consultation on plans to halve the threshold for transactions requiring shareholder approval and shorten the lock-up period for subsidiary spin-offs

Cover Story: Jeju Missing Persons Scandal Tests Seoul’s Criminal Justice Overhaul

An officer allegedly closed missing person cases using false safety checks, sharpening debate over police accountability as South Korea abolishes its Prosecutors’ Office

Xiaomi released and open-sourced the MiMo-V2.6 series models on Sept. 22. Photo: VCG

Xiaomi Steps Up AI Investment With New Models

The Chinese company talks up the stronger reinforcement learning capabilities of its MiMo-V2.6 series models, while highlighting the greater affordability of their API services

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Sep 11, 2026 03:46 PM
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Alibaba  chief executive Eddie Wu said machines are increasingly becoming a primary source of “thinking.” Photo: VCG

Alibaba Unveils AI Chip as Cloud Infrastructure Push Deepens

CEO Eddie Wu said the company aims to expand global data-center capacity beyond 20 gigawatts by 2032 and is preparing a next-generation Qwen model with up to 10 trillion parameters

Sep 22, 2026 11:58 PM
An electronic board in the dealing room at Woori Bank's headquarters in Jung-gu, Seoul, shows the exchange rate of the South Korean won against the U.S. dollar and the closing prices of the KOSPI and KOSDAQ indexes on Sept. 18, 2026. Photo: IC Photo

BofA Projects $2 Trillion Memory Market by 2030 as Capital Shifts to Asia

Investors are rotating funds out of the U.S. and into Asian tech hubs as demand for AI hardware and power infrastructure accelerates regional economic expansion

Sep 22, 2026 11:01 PM
New energy vehicles ready for export at the Toumen Port ro-ro terminal in Linhai, Zhejiang province, on Sept. 22, 2026. Photo: VCG

Commentary: Are Exports Holding China’s Economy ‘Hostage’?

Manufacturing competitiveness has cushioned the fallout from the property downturn and local-debt retrenchment. But a durable recovery will require Beijing to rebuild household confidence, consumption and private investment

Sep 22, 2026 08:57 PM
File photo: Gao Junfang

Ex-Chairwoman of Disgraced Vaccine-Maker Gets Life in Prison Over 2018 Scandal

An appeals court has affirmed Gao Junfang’s conviction for bribery and producing substandard products, finalizing a high-profile legal saga that triggered the bankruptcy of biotech giant Changchun Changsheng

Sep 22, 2026 04:23 PM
Z.AI apologized to ZCode users on the afternoon of Sept. 18, stating that the issue stemmed from ZCode’s codebase indexing feature. Photo: VCG

Z.AI Open-Sources Coding Tool After Backlash Over Silent Data Uploads

The Chinese startup faced intense scrutiny after users discovered its ZCode programming framework secretly encrypting and uploading their workspaces to the cloud

Sep 22, 2026 03:06 PM
Qin Weizhong. Photo: VCG

Former Shenzhen Mayor Investigated Weeks After Job Transfer

Qin Weizhong, an alternate member of the Communist Party’s Central Committee, was removed from Guangdong’s legislative party leadership roster after the probe was announced

Sep 22, 2026 02:12 PM
Photo: VCG

AI Firm SiliconFlow Raises New Funds

The Chinese firm completed two financing rounds as the value of its core inference service business rises amid growing demand for tokens

Sep 22, 2026 12:55 PM
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CX Daily: Jeju Missing Persons Scandal Tests Seoul’s Criminal Justice Overhaul

An officer allegedly closed missing person cases using false safety checks, sharpening debate over police accountability

Sep 22, 2026 09:00 AM
Photo: VCG

China Seeks to Protect Minors With Proposed AI Rules

Draft regulations propose banning online platforms from offering AI-backed virtual companions to minors or deploying algorithms designed to foster addiction

Sep 21, 2026 06:52 PM
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Airbus Delivers First Jet From Its Second A320 Assembly Line in Tianjin

The facility is central to the European company’s plan to raise the monthly production capacity of this family of aircraft to 75 planes by the end of 2027

Sep 21, 2026 06:32 PM
Photo: VCG

China Financial Associations Standardize Personal Loan Cost Disclosure

New guidelines require lenders to show all-in borrowing costs using a unified calculation

Sep 21, 2026 06:15 PM
The China Securities Regulatory Commission.

China Securities Regulator Opens Whistleblower Reward Claims

Eligible informants can claim rewards tied to 17 cases

Sep 21, 2026 05:25 PM
XPeng launches the G9L SUV in China on Sept. 17. Photo: VCG

XPeng Accelerates Global Push With New SUV

The Chinese EV-maker plans to begin delivering the G9L across more than 60 countries by the end of this year as it increasingly relies on overseas sales to drive growth

Sep 21, 2026 05:09 PM
Photo: VCG

Xi to Make State Visit to U.S. This Week

China’s foreign ministry says President Xi Jinping will travel to the U.S. from Sept. 23 to 25 at U.S. President Donald Trump’s invitation

Sep 21, 2026 03:39 PM
Yang Xiong (left) and Guo Xudong

China Sentences Two Former IPO Review Veterans for Bribery

Cases involving a former CSRC official and a veteran accountant shed light on equity-based corruption

Sep 21, 2026 03:26 PM
Photo: VCG

China, U.S. Hold New York Trade Talks, Add AI Dialogue

Vice Premier He Lifeng met Treasury Secretary Scott Bessent and USTR Jamieson Greer as Beijing and Washington sought to advance prior agreements amid persistent disputes over trade, technology and investment

Sep 21, 2026 02:21 PM



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