Some officials in the Chinese government are so desperate to get their desired narrative across that they have started to disregard basic principles, an approach which may carry a high cost in the long run.
The Argentinian president’s argument against ‘socialism’ has given Chinese netizens a chance to rethink a topic important to their country’s future.
The combined stakes of the two co-founders eclipsed SoftBank Group, which has reduced its shares in Alibaba through a series of forward contracts.
China’s population is declining and ageing faster, requiring decisive action from authorities if the country is to avert a demographic time bomb.
China’s economic success can be attributed in part to internal competition for growth among the country’s hundreds of municipalities, but those days are over as consumers drive growth.
The privilege of a higher education has faded, but nowadays a diploma, even from one of China’s top schools, is no longer a guarantee of employment amid an overabundance of graduates.
A Chinese Communist Party newspaper has urged the country’s regulators to end their erratic moves against the platform economy, in a sign of growing concern over policy damage to the health of internet titans.
Beijing will no doubt declare 2023 a good year, with headline growth in line with the target of ‘about 5 per cent’, but doubts linger about longer term prospects without real reform.
The e-commerce giant is reshuffling the top ranks of its most important profit earner since its sweeping restructuring started over half a year ago, as it tries to regroup after its value fell behind rival PDD Holdings.
While Beijing is keen to promote a rosy view of China’s economic prospects, authorities must be careful not to silence debate as independent voices are important to spot risks.
The chronic decline of stock prices in Hong Kong is a worrying trend, lending support to a narrative that the city’s financial prowess is in ‘ruins’, requiring concrete measures from Beijing to shore up confidence.
ByteDance, the owner of TikTok, is offering to buy back up to US$5 billion worth of shares from existing investors as its initial public offering plan remains up in air, according to sources briefed on the matter.
The Chinese leadership’s advocacy for measures to support and spur growth in the private sector economy intensified in 2023, but the protection of private firms’ assets and rights remain a concern.
PDD and Meituan both post bumper increases in third quarter revenues as former captures desire for bargain prices and latter benefits from hotels and travel rebound.
While hugely successful, China’s shopping apps are facing regulatory headwinds in destination countries and could benefit from studying the lessons of former glory days.
The Chinese leader’s message promoting digital trade and common rules comes as the US is walking back its long-standing commitment to free trade.
While China’s rainmakers have been essential to the country’s great market opening, corruption concerns and a changing geopolitical balance have seen them pushed to the sidelines.
Alibaba announced overnight that it would not proceed with the full spin-off of its cloud computing unit after posting 9 per cent revenue growth in its September quarter.
Even after its first foreign investment deficit, China remains an attractive market for many firms, but bureaucrats need to do more to attract business.
For the first time, Wu has spoken publicly about his vision for Alibaba after he took the reins from Daniel Zhang Yong in September.
While the specific size of the job cuts is not known, reports by Chinese local media said the planned lay-offs are expected to affect hundreds of jobs at Pico.
While it is necessary for China to have a broad security perspective on financial dealings, it is debatable to what extent cops and spies should be involved in real-world finance projects.
Nasdaq-listed video game streaming service Douyu said its operations remain normal, but did not comment on the company’s missing chief executive.
US chip maker Micron Technology, targeted by Beijing with a partial sales ban in May, is trying to rekindle its relationship with China by increasing investments in the world’s No 2 economy.
Senior officials of eastern Zhejiang province called on Alibaba’s top management, led by new chairman Joe Tsai, to boost investment in frontier tech research and promote innovation in digital technology.
As China’s economy faces increasing headwinds, it is becoming difficult to justify a massive bureaucratic system.
Why a downsized People’s Bank of China reflects major shifts in the nation’s financial governance strategy.
Allowing the resumption of cross-border data transfers in day-to-day business shows pragmatism can still prevail in Chinese policymaking.
China Evergrande chairman Hui Ka Yan, now under criminal investigation, is a symptom of a system that is no longer delivering results for average families, raising questions about the path forward.
Alibaba has closed its Luohan Academy, a social science institute that founder Jack Ma had hoped could exist for 300 years when it was created five years ago, according to sources familiar with the matter.