lay-offs

New Business

HSBC cutting 900 staff at China digital wealth unit Pinnacle, sources say

HSBC reiterated its commitment to mainland China as a “priority market” after two sources said the lender was reducing staff…

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New Business

Are China’s AI advancements a double-edged sword hanging over already dire job prospects?

Following the emergence of Chinese artificial intelligence (AI) start-up DeepSeek, the nation’s rapid AI developments are sending shock waves through…

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New Business

Baidu-backed Chinese EV maker Jiyue to cut operations, payroll to survive brutal race

Jiyue, a premium electric vehicle (EV) maker backed by Chinese search-engine firm Baidu, will downsize its operations while pursuing fresh…

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Tech

Intel launches new chip to power Chinese carmakers’ advanced in-vehicle AI initiatives

Intel has launched a new graphics processing unit (GPU) for cars in mainland China, as the US chip giant doubles…

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