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The Latest Breaking News from Caixin

Global Market: Prudential shares tumble as China offshore insurance tax report rattles investors

Shares of Prudential plunged after reports that Chinese tax authorities had begun collecting personal income tax on returns from offshore insurance policies, stoking concerns over tighter regulatory oversight of cross-border investments. The development also weighed on other Hong Kong-focused financial stocks amid fears of weaker demand from mainland Chinese customers.

The Economic Times

Business Brief (Aug. 6): China Announces Trade Countermeasures Against the U.S.

Moonshot AI seeks $50 billion valuation in new funding round, Chinese mainland tax authorities begin levying returns from offshore insurance policies

Caixin Global

China charges alleged scam kingpin Chen Zhi with intentional injury

SHANGHAI — Alleged scam-network mastermind Chen Zhi could face the death penalty, with Chinese prosecutors adding intentional injury to the list of charges against him.

Bangkok Post

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Tech Brief (Jul. 20): Moonshot AI Pauses New Kimi Subscriptions

Alibaba’s Qwen to power Apple Intelligence in China, SenseTime plans to launch computing satellites

Caixin Global

Tech Brief (April 28): China Orders Reversal of Meta’s $2 Billion Manus Deal

Bona Film wins approval for China’s first AI movie in theaters, Robot Era raises over $200 million as humanoid robot race heats up

Caixin Global

Tech Brief (March 13): China Plans to Accelerate AI Legislation

Cambricon swings to profit, AI video generation startup AIsphere secures $300 million

Caixin Global

Weekly Must-Read: How Resource Nationalism Is Redrawing the Global Mineral Playbook

From Africa to Latin America, resource-rich countries are rewriting the rules of mining, forcing China and the U.S. to navigate a very different landscape

Caixin Global

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Tech Brief (Dec. 1): Baidu Initiates Largest Layoffs in Years

Meituan swings to quarterly loss, Nexperia China says supplies resume for over 500 clients

Caixin Global

Energy Insider: Maersk-Owned Ports Operator Taps Chinese Tech for Decarbonization

Changan Auto executive urged caution over the development of all-solid-state batteries, China’s market regulator granted conditional approval for a lithium JV between Chile’s state-run copper giant Codelco and local lithium maker SQM

Caixin Global

'New Normal': Tariffs Cost Japan's Auto Companies Nearly $10 Billion So Far

Today on Critical Materials: Subaru pivots to hybrids, Japan's automakers are feeling tariffs and China's zero-mile used EVs are causing trust issues.

InsideEVs

Cover Story: U.S. and Chinese Chipmakers Tread Different Paths in AI Gold Rush

As U.S. tech giants pursue compute-heavy infrastructure, China bets on power in numbers with homegrown innovation and modular design

Caixin Global

Business Brief (Oct. 16): China’s Credit Growth Beats Expectations

Consumer prices fell year-on-year in September, spot gold soars to new record of over $4,200 an ounce

Caixin Global

Business Brief (Oct. 14): Chinese Stocks Continue to Fall

China’s September exports grow faster than expected, a fatal Xiaomi SU7 crash dents shares

Caixin Global

Seazen Unit Probe Uncovers Nearly $1 Billion in Undisclosed Transfers

The internal investigation by property manager S-Enjoy Service, which found a multibillion-yuan scheme orchestrated by the COO, delayed its earnings release and triggered a trading halt in its Hong Kong-listed shares

Caixin Global

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Caixin Global

China’s New Economy Industries Rise on Labor, Tech Gains

The Caixin BBD New Economy Index rose to 31.2 in September, up 1.3 points on the month

Caixin Global

Beijing Warns S&P Global’s China Unit Amid Push to Curb Inflated Credit Ratings

The agency must strengthen quality control in its rating operations and improve the standardization of information disclosure, the regulator says

Caixin Global

Hong Kong Accelerates Push to Become Gold Trading Hub

City plans to roll out yuan-denominated products to ride the precious metal boom and boost the internationalization of the Chinese currency

Caixin Global

China Escalates Antitrust Scrutiny of Nvidia Over Mellanox Deal

Regulators say the U.S. chipmaker breached merger terms, potentially exposing it to billions of dollars in fines

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Caixin Global

BOE Faces U.S. Export Threat After Ruling in Samsung Trade Secret Case

Chinese tech group to appeal ITC ruling in OLED display panel case

Euronews

Beijing officials say 31 people died in care home during floods

The facility sat on low-lying ground near a river that had flooded after the unusually intense rains.

The Independent UK

Beijing officials say 31 older people trapped in a senior center died in floods

Beijing officials say a group of older people trapped in a nursing home that flooded were among the dead in powerful storms that lashed the city and neighboring provinces

Caixin Global

Late Wahaha Tycoon’s Family Owns Hundreds of Millions in Hong Kong, U.S. Real Estate

Battle for Zong Qinghou’s estate reveals a chain of luxury properties in Barker Road, Bel Air and San Marino

The Independent UK

China's export orders dip in April as Trump's tariffs begin to bite

Monthly surveys of Chinese factory managers shows export orders slowed in April as higher tariffs on U.S. imports began to kick in

Caixin Global

Temu, Shein Raise Prices for U.S. Shoppers With Trump’s Tariff Hikes Imminent

China’s e-commerce platforms raise prices in U.S. as Trump brings duty-free exemption for small parcels to an end

The Guardian - UK

Pound falls after weak UK factory data as US dollar rises – as it happened

Live, rolling coverage of business, economics and financial markets as 2025 starts with trepidation over new US administration’s trade policies, and global manufacturing sector struggles

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