China Extends Trade Truce with US by Two Months
China has effectively extended its trade truce with the United States by two months, announcing the continued suspension of several trade measures ahead of the agreement’s scheduled expiry on Tuesday. The move comes as...
US Judge Grants Alibaba Relief in Pentagon Contract Dispute
A US federal judge on Monday granted Alibaba Group Holding a preliminary injunction preventing the US government from denying Pentagon contracts to companies because they or their parent companies or subsidiaries work with firms...
Politics and China Risks Could Complicate Potential SpaceX-Tesla Merger
A potential merger between Elon Musk’s SpaceX and Tesla could face significant political and geopolitical challenges, despite limited antitrust concerns in the United States. Musk recently described the proposed combination as “a good idea,”...
US, China Agree to Cut Tariffs on $60 Billion in Goods
China and the United States have agreed to reduce tariffs on $60 billion worth of goods traded between the two countries, covering products ranging from US agricultural commodities, seafood and cosmetics to Chinese household...
DRC Sets Up Task Force to Accelerate US Strategic Minerals Partnership
The Democratic Republic of Congo has approved a new task force to speed up the implementation of its strategic minerals partnership with the United States, according to cabinet minutes reviewed by Reuters. The move...
U.S. Prosecutor Calls Huawei a ‘Criminal Enterprise’ as Trial Begins
A U.S. prosecutor on Wednesday accused Chinese telecommunications giant Huawei of operating a “criminal enterprise” that stole technology from American companies and abused the U.S. financial system to expand its global business. In opening...
DeepSeek Taps CITIC Securities for Potential Shanghai IPO
Chinese artificial intelligence startup DeepSeek has tapped CITIC Securities to prepare for a potential initial public offering on Shanghai’s tech-focused STAR Market, according to two people familiar with the matter. The Hangzhou-based company aims...
China’s Delivery Price War Gives Rise to a New Instant-Retail Battle
China’s fierce meal-delivery subsidy war may be losing steam, but it has permanently changed consumer expectations. After a year of heavy spending by Meituan, Alibaba and JD.com on discounts, free delivery and merchant incentives,...
Alibaba Launches $10.2 Billion Share Sale to Fund AI Push
Alibaba shares fell sharply in Hong Kong on Monday after the Chinese e-commerce and cloud computing giant launched a $10.2 billion share sale to finance its artificial intelligence ambitions. The company is offering HK$80...
US Expands Import Ban to 43 Chinese Companies Over Uyghur Rights Concerns
The United States has added 43 more Chinese companies to the Uyghur Forced Labor Prevention Act (UFLPA) Entity List, citing alleged links to human rights abuses against Uyghurs and other minority groups in China’s...