8 h. ago Anwar’s coalition revives Malaysian Chinese school certification debate, sparking row

As Malaysian Prime Minister Anwar Ibrahim’s administration swings from one setback to another, his ruling coalition has turned to familiar talking points to regain the support of the country’s ethnic minorities. In the wake of a devastating defeat in the Sabah state election last month, members of Anwar’s ruling Pakatan Harapan (PH) coalition have renewed a push for government recognition of school leaving certificates issued by private Chinese high schools. The call, however, has driven a wedge...

Events

46 h. ago From Starbucks to Burger King: Why Western food giants are selling large stakes to Chinese private equity funds

From Starbucks to Burger King: Why Western food giants are selling large stakes to Chinese private equity funds  CNBC

Politics

46 h. ago From Starbucks to Burger King: Western food giants are selling large stakes to Chinese private equity funds

From Starbucks to Burger King: Western food giants are selling large stakes to Chinese private equity funds  CNBC

Politics

1 week ago McDonald’s tastes fat profit in US$9.3 million Hong Kong property sale

McDonald’s sold a property in Kowloon for HK$72.4 million (US$9.3 million), as the Chicago-based fast-food giant reached HK$333 million in proceeds at the halfway point in a campaign to dispose of eight Hong Kong retail properties. A company called Mega Champ bought the property in the Tai Fong Building of Cosmopolitan Estate in Tai Kok Tsui in a transaction dated November 26, according to Land Registry records. The deal, which was registered on Friday, comprised two ground-floor shops as well...

Economics

1 week ago McDonald’s cooks up fat profit in US$9.3 million Hong Kong property sale

McDonald’s sold a property in Kowloon for HK$72.4 million (US$9.3 million), as the Chicago-based fast-food giant reached HK$333 million in proceeds at the halfway point in a campaign to dispose of eight Hong Kong retail properties. A company called Mega Champ bought the property in the Tai Fong Building of Cosmopolitan Estate in Tai Kok Tsui in a transaction dated November 26, according to Land Registry records. The deal, which was registered on Friday, comprised two ground-floor shops as well...

Economics

2 w. ago Hong Kong taps Value Partners, 9 others to manage US$385 million residency fund

Hong Kong Investment Corp (HKIC), the government’s investment arm, on Tuesday appointed 10 asset managers spanning venture capital, private equity, private credit and hedge funds to oversee at least HK$3 billion (US$385 million) under its enhanced cash-for-residency scheme. HKIC said in a statement that the new batch of managers for the investment portfolio under the New Capital Investment Entrant Scheme (New CIES) included Hong Kong-headquartered Value Partners, one of Asia’s largest asset...

Economics

2 w. ago China’s 3SBio seeks US$400 million in Hong Kong to boost drug pipeline

Chinese drug maker 3SBio plans to raise HK$3.12 billion (US$401 million) by selling a 4.14 per cent stake in the company to fund clinical research in China and the US and expand the global reach of its drug portfolio. The Shenyang-based biopharmaceutical firm has agreed to sell 105.1 million new shares at HK$29.62 each. The placing price represents a 6.5 per cent discount compared with Monday’s closing price of HK$31.68, according to its filing with the Hong Kong stock exchange on Tuesday. The...

Economics

2 w. ago Starbucks and Burger King among global food giants restructuring in China as local competition rises

Starbucks and Burger King among global food giants restructuring in China as local competition rises  Le Monde.fr

Sport

3 w. ago Meituan swings into loss in ‘milk tea’ subsidy war with instant commerce rivals

China’s food-delivery giant Meituan swung to a deep quarterly loss, as a costly battle with Alibaba Group Holding’s instant commerce business eroded margins and kept revenue growth modest. The Beijing-based company on Friday reported revenue of 95.5 billion yuan (US$13.3 billion) for the three months to September, up 2 per cent year on year, missing analysts' estimates of 97.5 billion yuan. However, it booked an operating loss of 19.8 billion yuan, compared with a 13.7 billion yuan operating...

Events

3 w. ago TikTok names former Boeing executive as US public policy chief

TikTok said Tuesday it had named former Boeing government affairs chief Ziad Ojakli as the short video app’s head of public policy for the Americas as it works to complete a deal to separate its US assets from its parent company. The move comes as TikTok’s Chinese owner ByteDance is working to sell about an 80 per cent stake in its US assets to a consortium of US and global investors to meet the national security requirements set out in a 2024 law. President Donald Trump signed an executive...

Events

3 w. ago Private Chinese company rolls out Mach 7 hypersonic missile at nearly 90% lower cost

Private Chinese company rolls out Mach 7 hypersonic missile at nearly 90% lower cost  Interesting Engineering

Events

3 w. ago Chinese civilian firm starts mass production of Mach 7 missiles at low cost

A private Chinese aerospace company has become the first in the world to start mass production of a low-cost, high-performance hypersonic missile, suggesting a seismic shift in military technology and defence industrial dynamics. On Tuesday, Beijing-based Lingkong Tianxing Technology released a video on its official social media account showcasing the YKJ-1000 hypersonic missile in flight and how it struck a real target in a desert testing range. A company representative said the missile was...

Events

3 w. ago Bangkok prison chief suspended over Chinese inmate sex scandal

Thai authorities have suspended a prison chief in Bangkok over allegations that high-profile Chinese inmates were granted access to women in a private cell and other privileges, the justice ministry said. The scandal erupted last week after local media reported two Chinese women were allowed into the Bangkok Remand Prison to visit inmates, allegedly to provide sex services, raising questions over who authorised their entry. The prison detains more than 4,000 men awaiting trial, and has held some...

Events

3 w. ago US senator demands answers to Trump’s TikTok divestiture plan

A Democratic senator on Monday asked US President Donald Trump to answer key details about a plan by TikTok’s Chinese owners to sell a majority stake in the short video app’s US assets. Trump signed an executive order on September 25 declaring that a plan to sell TikTok’s US operations to a consortium of US and global investors meets the national security requirements set out in a 2024 law and gave them 120 days to complete the transaction. In doing so, he delayed enforcement of the law banning...

Politics