China’s Tsingshan Looms Over Tesla’s $5 Billion in Indonesian Nickel Deals

The EV-maker signed the deals with nickel processing firms operating out of an industrial park where the Chinese metals heavyweight holds a lot of sway

In Depth: How a Hotly Pursued VR Startup Came to China, and Imploded

Courted by local governments, Weijian Technology’s founders had a vision to take their innovations from Silicon Valley to the Chinese market. But legal troubles turned that dream into a nightmare

Caixin China Biz Roundup: Alibaba’s Mass Job Cuts
Aug 10, 2022 05:24 PM

Gallery: Bike-Sharing Peddlers Hike Prices

Meituan’s bike rental service, formerly known as Mobike, has raised its seven-day membership fee from 10 yuan to 15 yuan. Companies in China’s bike-sharing market, which has experienced a dramatic rise and fall since 2016, are raising rates as they struggle to survive in the face of rapid capital expansion costs and cutthroat competition

Aug 10, 2022 08:31 PM

China’s Duty-Free Giant Readies Jumbo Hong Kong IPO

State-backed China Tourism Group Duty Free Corp. has returned after pulling an initial attempt late last year

Aug 10, 2022 08:19 PM

Hong Kong to Shorten Quarantine for Mainland Travelers

From Friday, arrivals from the mainland will need to go through three days of mandatory home isolation instead of seven, though the city still isn’t granting individual tourist visas to them

Aug 10, 2022 06:27 PM

Gallery: Camping Out to Avoid Quarantine

Tourists who found themselves in “high-risk” areas in Northwest China’s Xinjiang region choose to camp at highway rest areas for a week to avoid centralized quarantine. According to the country’s latest disease control plan, anyone who has been to a high-risk area in the previous week is supposed to enter centralized quarantine for seven days. As of Tuesday, 45 parts in the region have been classified as high risk

Aug 10, 2022 06:06 PM

Caixin China Biz Roundup: Alibaba’s Mass Job Cuts

E-commerce giant downsizes workforce by over 9,000; villager forced to apologize for farming during lockdown; and the latest on the Covid outbreak in Hainan

Aug 10, 2022 05:24 PM

Exhibitions in August: Explore the Magic of Lines With Mucha, and the Ever-Curious Mickey Mouse

Follow this guide and explore paintings, sculptures and architecture across time and space in Asian metropolises

Aug 10, 2022 04:42 PM

SoftBank Accelerates Asset Sales in Race for Cash

Vision Fund exits entire $7.7 billion Uber stake during market downturn

Aug 10, 2022 04:05 PM

Force Remains ‘Last Resort’ for Reunifying Taiwan, Beijing White Paper Says

China’s State Council offices write that the island will have a high degree of autonomy as a special administrative region after reunification

Aug 10, 2022 03:50 PM

China Consumer Inflation Reaches Two-Year High as Pork Surges

The CPI rose 2.7% last month as the price of the staple meat surged more than 20%, even though weak demand kept price pressures in check

Aug 10, 2022 03:46 PM

Biden Signs Chips Bill, Reducing Dependence on Asian Suppliers

U.S. lawmakers have stressed the national security implications of the legislation, saying it is vital to competing with China

Aug 10, 2022 03:31 PM

Alibaba Helps Korean Grocery Pioneer Take K-Food to Singapore

Online grocer Market Kurly will sell 44 ready-to-cook and ready-to-eat meals in the Southeast Asian country via the RedMart app

Aug 10, 2022 03:28 PM

Shanghai Composite Index Fell 0.54% on Wednesday

Shenzhen Component Index closed down 0.87%

Aug 10, 2022 03:03 PM

CX Daily: How a Hotly Pursued VR Startup Came to China, and Imploded

China says cutting military exchanges is a “necessary warning” to the U.S. over Taiwan. Hainan province imposes large-scale lockdowns

Aug 10, 2022 08:33 AM

‘Big Fund’ Graft Probe Ensnares Three More Individuals

Corruption investigation of China’s multibillion-dollar fund backing the semiconductor industry seems to pick up steam

Aug 10, 2022 03:54 AM

Alibaba Reduced Workforce by Nearly 10,000 in Three Months

Move mirrors spending cuts among global tech companies amid rising inflation, materials costs and political tensions

Aug 10, 2022 03:06 AM
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