23 h. ago Jack Ma Foundation pledges millions to boost rural education

The Jack Ma Foundation has pledged to spend at least 300 million yuan ($45 million) in the next decade to staff rural schools with qualified teachers.

Politics

8 d. ago Chinese firms rush to pledge millions in fire rescue as Hong Kong fire death toll climbs to 55

Chinese firms rush to pledge millions in fire rescue as Hong Kong fire death toll climbs to 55  CNBC

Events

8 d. ago Chinese giants rush to pledge millions after Hong Kong’s deadliest fire since 1948 kills 55

Chinese giants rush to pledge millions after Hong Kong’s deadliest fire since 1948 kills 55  CNBC

Events

8 d. ago Chinese giants rush to pledge millions after Hong Kong’s deadliest fire since 1948 kills 94

Chinese giants rush to pledge millions after Hong Kong’s deadliest fire since 1948 kills 94  CNBC

Events

8 d. ago Jack Ma Foundation pledges US$4 million for Hong Kong fire victims

The Jack Ma Foundation said on Thursday it would donate HK$30 million (US$3.9 million) to support families, firefighters and rescuers affected by a deadly fire at a housing estate in Hong Kong’s Tai Po district. In a statement, the foundation – established by the founder of Alibaba Group Holding and Ant Group – expressed solidarity with all those affected by the tragedy. Alibaba owns the South China Morning Post. The donation follows a further commitment of HK$20 million from Alibaba and HK$10...

Events

2 w. ago HKUST pledges to invest more than HK$7 billion into third medical school project

A Hong Kong university establishing the city’s third medical school has pledged to commit more than HK$7 billion (US$899 million) to the project and has already recruited six clinical professors, including a former head of an Australian institution. The Hong Kong University of Science and Technology (HKUST) on Wednesday provided further details of its development plan, a day after the government revealed that the institution had been chosen to run the new medical school for its clear strategic...

Economics

2 w. ago In ‘soybean diplomacy’ with the US, China now holds the remote control

After US President Donald Trump and Chinese President Xi Jinping shook hands in Busan last month, the headlines highlighted smiles and tariff rollbacks. Washington hailed it as a “massive victory”, saying China had pledged to buy 12 million tonnes of American soybeans by January and at least 25 million tonnes annually for the next three years. Futures on the Chicago Board of Trade surged and farmers in the US Midwest cheered. US Treasury Secretary Scott Bessent declared that “our great soybean...

Politics

3 w. ago China has big ambitions in space and the Arctic. Should the West be worried?

In 2003, a decade after the humiliation of the Yinhe incident – when a Chinese container ship was left stranded for weeks after the United States jammed its Global Positioning System (GPS) – Beijing set its sights on bypassing the American satellite network. At first, it turned to the European Union, pledging €230 million (then US$260 million) to join the Galileo project, an independent satellite navigation system designed to reduce Europe’s reliance on GPS. But the partnership did not last....

Politics

3 w. ago ‘Not in this economy’: why Guangdong is struggling to tempt consumers to spend

In early November, China’s most populous province launched its biggest ever consumer subsidy programme, with the government pledging to commit 3.5 billion yuan (US$492 million) to offer discounts on a slew of products: from smartphones to snowboards. Guangdong’s scheme is the latest attempt by Chinese authorities to use consumption vouchers to boost domestic spending – a campaign that is key to China’s efforts to shore up growth and rebalance its economy amid the ongoing US trade war. But on the...

Economics

3 w. ago Huge subsidy scheme in China’s most populous province falls flat with consumers

In early November, China’s most populous province launched its biggest ever consumer subsidy programme, with the government pledging to commit 3.5 billion yuan (US$492 million) to offer discounts on a slew of products: from smartphones to snowboards. Guangdong’s scheme is the latest attempt by Chinese authorities to use consumption vouchers to boost domestic spending – a campaign that is key to China’s efforts to shore up growth and rebalance its economy amid the ongoing US trade war. But on the...

Politics