8 h. ago EU hits Musk’s X with US$140 million fine, risking Trump’s ire

The European Union hit Elon Musk’s X with a €120 million (US$140 million) fine on Friday for breaking its digital rules, in a move that risks a fresh clash with US President Donald Trump’s administration. The high-profile probe into the social media platform was seen as a test of the EU’s resolve to police Big Tech. US Vice-President J.D. Vance fired a warning against “attacking” US firms through “censorship” before the penalty was even made public. Imposing the first fine under its powerful...

Events

13 h. ago BYD founder bets on new tech to win back customers as sales decelerate

BYD, China’s electric vehicle (EV) king, is pinning its hopes on next-generation technology to engineer a turnaround in sales amid fierce competition in the world’s largest automotive market, according to its founder and chairman Wang Chuanfu. Speaking at a shareholders’ meeting in Shenzhen on Friday, the billionaire said the company’s 12,000 engineers – the backbone of the carmaker – would help it regain a technological edge over rivals. “We have heavyweight new technology in the pipeline,” he...

Economics

14 h. ago Hong Kong’s religious communities unite in prayer to mourn Tai Po fire victims

About 4,000 Muslims from Hong Kong gathered on Friday to pray for and offer condolences to the victims of the Tai Po fire, while other religious groups held prayer meetings to show spiritual support. The Incorporated Trustees of the Islamic Community Fund of Hong Kong held a special prayer session at 1.30pm at Kowloon Mosque in Tsim Sha Tsui to pay respect to the victims. The blaze at Wang Fuk Court killed at least 159 people. Among them were nine Indonesian domestic helpers and one Filipino...

Events

15 h. ago Bioplastics gain momentum as India and China reshape industry

Bioplastics gain momentum as India and China reshape industry  packaginginsights.com

Politics

15 h. ago China’s Xiaomi says returns from AI investments ‘far exceed expectations’

Chinese tech firm Xiaomi reaped returns from its artificial intelligence spending in 2025 that “far exceeded expectations”, the company’s president Lu Weibing said in a recorded video posted on Chinese social media platform Douyin. Lu said the Beijing-based company was pivoting to embodied AI after heavy investment in general AI over the past few quarters. The Beijing-based company’s efforts to apply AI in electric vehicles (EVs) and robotics are similar to Elon Musk’s plan of using the advanced...

Politics

16 h. ago Lisa Su Says AMD Ready to Pay 15% Fee to Resume China Shipments as Uncertainty Prevails

Lisa Su Says AMD Ready to Pay 15% Fee to Resume China Shipments as Uncertainty Prevails  TipRanks

Politics

16 h. ago Beijing Capital International Airport Co. Announces EGM to Approve Key Agreements

Beijing Capital International Airport Co. Announces EGM to Approve Key Agreements  TipRanks

Society

25 h. ago Japan weighs plan to punish sex buyers, but will it be enough?

A campaigner who has been calling for changes in the law in Japan to allow the prosecution of men who pay for sex has welcomed reports that the government is finally considering the proposal. Experts warn, however, that an industry known as “the world’s oldest profession” will always find a way to circumvent new regulations and that the problem needs to be tackled from a number of angles simultaneously. In response to a question from independent Diet member Rintaro Ogata on November 11, Prime...

Politics

31 h. ago China’s EV Growth Is Stagnating. Is That Another Nail in the Coffin for Tesla Stock?

China’s EV Growth Is Stagnating. Is That Another Nail in the Coffin for Tesla Stock?  Yahoo Finance

Politics

31 h. ago AMD chief says company ready to pay 15% tax on AI chip shipments to China

AMD chief says company ready to pay 15% tax on AI chip shipments to China  Reuters

Economics

39 h. ago Rio Tinto actively working with China's Chinalco on shareholding constraints

Rio Tinto actively working with China's Chinalco on shareholding constraints  Reuters

Politics

41 h. ago China approves compliant rare earth exports for civilian use

China approves compliant rare earth exports for civilian use  China Daily - Global Edition

Politics

49 h. ago Chinese consumer and tourism firms turn to shareholder perks to stimulate sales

Chinese consumer and tourism firms turn to shareholder perks to stimulate sales  South China Morning Post

Economics

52 h. ago Why peeling back layers of strategic ambiguity will only hurt Japan

Putting aside the ongoing war of words between Beijing and Tokyo surrounding Japanese Prime Minister Sanae Takaichi’s statements on Taiwan last month, there is a simple question that needs answering. Can Japan’s Self-Defence Forces really afford to fight the People’s Liberation Army (PLA) without American military support? Takaichi’s answer appears to be that Japan’s military must do so. The legislation approved by Japan’s Diet in September 2015 allowed the country to exercise its right of...

Politics

57 h. ago Tesla on Pace for First Down Year in China Sales Ever. The Stock Is Rising.

Tesla on Pace for First Down Year in China Sales Ever. The Stock Is Rising.  Barron's

Politics

62 h. ago Tesla scored a win in China just as its biggest rival stumbled

Tesla scored a win in China just as its biggest rival stumbled  Business Insider

Politics

63 h. ago Vilified As China’s Spy Hub In London, Beijing “Strongly Dissatisfied” With UK Over Approval Delays In Super Embassy

Vilified As China’s Spy Hub In London, Beijing “Strongly Dissatisfied” With UK Over Approval Delays In Super Embassy  EurAsian Times

Politics

63 h. ago Elon Musk reiterates aim to transform X into a ‘WeChat++’ super app

Elon Musk says he aspires to transform his social media platform X into “WeChat++”, akin to Tencent Holdings’ flagship super app, by integrating various social and finance features. On a recent People by WTF podcast hosted by entrepreneur Nikhil Kamath, Musk cited the extensive utility of WeChat as a model for X – previously known as Twitter, which he bought for US$44 billion in October 2022. “You can exchange information, you can publish information, you can exchange money,” Musk said,...

Politics

66 h. ago Tesla’s China plant sees shipment surge ahead of subsidy expiry

Tesla’s Shanghai Gigafactory reported a significant rebound in shipments last month as Chinese consumers took advantage of soon-expiring government incentives to snap up cars. The US carmaker’s Shanghai plant, its largest production facility globally, delivered a total of 86,700 Model 3 and Model Y electric vehicles (EVs) in November, a 41 per cent jump from October and a 10 per cent rise from a year earlier, according to data from the China Passenger Car Association (CPCA). The deliveries...

Politics

67 h. ago China’s move to seal records of offences like drug use sparks public backlash

Records of minor offences will be sealed under a new regulation rather than linked to a person’s identity information – a move that is proving unpopular among the public though it has been welcomed by legal experts. The new rule is part of the amended Public Security Administration Punishments Law, which was introduced in 2006 and includes minor offences such as drug use, soliciting prostitutes and minor brawls. National People’s Congress lawmakers approved the revision in June and it will take...

Events