33 h. ago Chipmaker CXMT eyes US$42 billion Shanghai listing, sources say

Chinese memory chipmaker ChangXin Memory Technologies (CXMT) plans an initial public offering (IPO) in Shanghai as soon as the first quarter of next year, eyeing a valuation of up to 300 billion yuan ($42.12 billion), according to two sources briefed on the matter. Founded in 2016 with government backing, CXMT leads China’s strategic push to build a foothold in a global DRAM market long dominated by companies from Japan, South Korea and the United States. China’s leading manufacturer of dynamic...

Economics

40 h. ago Is Japan making tourism more expensive to deter unruly visitors?

Japan’s proposed increase in visa fees and departure tax is an attempt to balance between dealing with overtourism and deterring misbehaving visitors at “the bottom of the pyramid”, according to industry observers. The government believes the present fees for visas and departure taxes are low in comparison with international standards, with the Asahi newspaper reporting that the additional funds would be used on improving tourism infrastructure and the education sector. If implemented, the...

Politics

55 h. ago Australia Says Chinese Fighter Jet Released Flares Near Its Military Plane

Australia Says Chinese Fighter Jet Released Flares Near Its Military Plane  The New York Times

Events

60 h. ago Chinese Tech Giants Pause Hong Kong Stablecoin Plans After Beijing Intervention

Chinese Tech Giants Pause Hong Kong Stablecoin Plans After Beijing Intervention  Bitcoin.com News

Politics

2 d. ago The U.S. May Ban Chinese Airlines That Fly Through Russia So American Planes Can Compete

The U.S. May Ban Chinese Airlines That Fly Through Russia So American Planes Can Compete  Jalopnik

Politics

3 d. ago Chinese tech giants halt Hong Kong stablecoin plans amid Beijing concerns: FT

Chinese tech giants halt Hong Kong stablecoin plans amid Beijing concerns: FT  TradingView

Politics

3 d. ago Chinese tech giants pause stablecoin plans after Beijing steps in, FT reports By Reuters

Chinese tech giants pause stablecoin plans after Beijing steps in, FT reports By Reuters  Investing.com

Politics

3 d. ago Chinese tech giants pause stablecoin plans after Beijing steps in, FT reports

Chinese tech giants pause stablecoin plans after Beijing steps in, FT reports  Reuters

Politics

3 d. ago Chinese tech giants pause stablecoin plans after Beijing steps in

Chinese tech giants pause stablecoin plans after Beijing steps in  Financial Times

Politics

5 d. ago Dutch seized Nexperia over fears Chinese owners planned to move chip production to China

The Dutch government believed chipmaker Nexperia’s Chinese owners planned to move its manufacturing operations to China, prompting the unprecedented seizure of the company that has sent shock waves through the global tech world. Earlier this month, authorities seized control of Nexperia’s management and ousted its Chinese CEO, Zhang Xuezheng, citing national security concerns. In response, China’s Ministry of Commerce on October 4 imposed export controls on Nexperia’s Chinese subsidiary and its...

Politics

5 d. ago Trump confirms Xi meeting, retreats on 100% tariffs: ‘not sustainable’

In a turnaround from the tough stance he took a week ago, US President Donald Trump said Friday that he planned to meet with Chinese President Xi Jinping in South Korea in two weeks and suggested that imposing an additional 100 per cent tariff on all Chinese goods appeared unworkable. But he also blamed China for the latest stand-off in trade talks. The mercurial president called into question his planned sit-down with Xi seven days ago and threatened the draconian tariff increase in addition to...

Politics

5 d. ago Chinese team aims to test powerful chip on world’s largest optical telescope

Chinese researchers have developed an optical chip the size of a fingernail that can analyse light in real time with a precision once possible only with bulky laboratory instruments. They hope to test it using the largest optical telescope on Earth. The breakthrough could enable an unprecedented level of visual intelligence in machines ranging from drones and robots to medical scanners and telescopes, according to Fang Lu and her team at Tsinghua University. In a paper published this week by the...

Politics

6 d. ago China says it expelled Philippine planes from disputed South China Sea reef

China said it had expelled two Philippine aircraft near the disputed Scarborough Shoal on Thursday in the second confrontation between the two rival South China Sea claimants in as many days. Liu Dejun, a spokesman for the Chinese coastguard, said two Philippine reconnaissance aircraft had “illegally entered Chinese air space above Huangyan Island” (the Chinese name for Scarborough Shoal). He added that the planes had been expelled in “accordance with laws and regulations”. The previous day the...

Politics

6 d. ago US phones allies over rare earths, China’s food security: SCMP daily highlights

Catch up on some of SCMP’s biggest China stories of the day. If you would like to see more of our reporting, please consider subscribing. 1. ‘This is China versus the world’: US calls allies over Beijing rare earth curbs US President Donald Trump’s administration vowed on Wednesday to work with its allies and other countries to get an upper hand in its trade talks with China, claiming Beijing’s recent rare earth control as a sign of being an “unreliable partner” that threatens global supply...

Events

6 d. ago Nexperia’s China plant workers fear being caught in dispute crossfire

Workers at a large Nexperia packaging plant in the southern Chinese city of Dongguan said they are worried about becoming collateral damage in a simmering political dispute between the Netherlands and China that has upended the management of the Dutch semiconductor maker. During a visit by the Post on Thursday, operations at the factory appeared normal even as staff were aware of the power struggle between Nexperia’s Dutch management and its Chinese owner, Wingtech Technology, over control of...

Events

6 d. ago Chinese airlines oppose US plan to stop flights over Russia on way to America

All major Chinese airlines operating flights to the United States have formally opposed or asked for reconsideration of a US government proposal that could bar them from flying over Russian airspace on US routes as early as next month. In a filing to the US Department of Transportation on Tuesday, Air China said it “opposes” the proposal because it would make travel more inconvenient for passengers. “Air China estimates that at least 4,400 passengers holding Air China tickets for travel in...

Politics

6 d. ago Why a police DNA collection drive in China has sparked privacy worries

A controversial plan by police in a northern Chinese city to build a crime-fighting tool using blood samples from men has sparked a debate over privacy rights. Police in Xilinhot in Inner Mongolia announced last month that they would start collecting DNA samples to update a data bank for identification information used for such items as ID cards and passports, according to a report by China Newsweek magazine. The police also said at the time that the samples would help in “preventing elderly and...

Events

6 d. ago Chinese airlines protest U.S. plan to ban flights over Russian airspace

Chinese airlines protest U.S. plan to ban flights over Russian airspace  PBS

Events

7 d. ago Chinese airlines protest US plan to ban their flights over Russian airspace

Chinese airlines protest US plan to ban their flights over Russian airspace  The Middletown Press

Events

8 d. ago Chinese airlines oppose Trump plan to stop flying over Russia on US routes

Chinese airlines oppose Trump plan to stop flying over Russia on US routes  Reuters

Politics