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Country Garden Holdings missed a coupon payment on a yuan bond for the first time, adding to the woes of the Chinese developer as it faces a lawsuit seeking its liquidation offshore, reports Caixin. The builder’s main onshore unit hasn’t fully prepared a RMB 96 million ($13 million) coupon that came due on Tuesday for a 4.8% […]

Blizzard Entertainment is returning to China in the coming weeks after the US video gaming giant resumed a partnership with NetEase following a high-profile bust up last year, according to a local media report, reports the South China Morning Post. Hangzhou-based game publisher NetEase will announce the official return of Blizzard to China by the […]

Researchers of Chinese origin comprised more than half of this year’s recipients of Apple’s annual fellowship programme on artificial intelligence (AI), shining a light on a brain drain that threatens the nation’s ambition to become a global powerhouse in that critical technology, reports the South China Morning Post. The 2024 Apple Scholars in AIML PhD […]

China has pledged central government funds to encourage consumers and businesses to replace old equipment and goods, a pillar of its plan for economic growth of about 5% this year, reports Bloomberg. Equipment renewal projects can receive support from the central government budget alongside tax breaks and targeted lending from banks, China’s State Council said […]

Intel has survived an effort to halt hundreds of millions of dollars’ worth of chip sales to Huawei Technologies, two people familiar with the matter said, giving one of the world’s largest chip makers more time to sell to the heavily sanctioned Chinese telecoms company, reports the South China Morning Post. US President Joe Biden […]