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IBM China said to be laying off more than 1,000 employees as it closes research labs

US computing giant IBM has reportedly shut down its research and development (R&D) operations in China, joining a slew of…

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Tech

Robotaxi start-up WeRide delays US IPO days before Chinese approval expires

Chinese autonomous driving start-up WeRide has postponed its US initial public offering (IPO), citing the need for additional time to…

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New Business

Chinese builder Yuzhou seeks debt restructuring recognition in US

Yuzhou Group Holdings filed for Chapter 15 bankruptcy on Thursday in New York, a move by the defaulted property developer…

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Tech

Chinese robotaxi firm WeRide gets California approval to test with passengers

China-based autonomous driving start-up WeRide has received approval from California to test its driverless vehicles with passengers, according to a…

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New Business

Shanghai’s retail sales sink, revealing weak link in China’s consumption

Shanghai – China’s biggest city – posted a 9.4 per cent slump in retail sales last month, its worst monthly…

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New Business

China, Hong Kong pools of ultra-rich shrink and Asia’s wealth engine cools, Altrata says

The number of ultra-wealthy, defined as individuals with a net worth of more than US$30 million, in China fell for…

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New Business

Chinese top buyers of US property for 11th year, but Canadians dominate volume

In terms of volume, Canadians topped the charts, snapping up 7,100 residential units. The Chinese acquired 6,000 homes in the…

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Tech

US dollars exit China’s VC market, ending 2-decade marriage that enabled rise of start-ups

A sea change is taking place in China’s venture capital (VC) industry as the two-decade marriage between US investors and…

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New Business

US energy management firm eyes data centres as China property downturn hits profit

Johnson Controls, which is listed in New York and has its headquarters in Ireland, serves customers in over 150 nations.…

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