Jack Ma loses title as China’s richest man after coming under Beijing’s scrutiny

 Alibaba Group’s Jack Ma attends the WAIC in Shanghai Alibaba and Ant Group founder Jack Ma has lost the title of China’s richest man, a list published on Tuesday showed, as his peers prospered while his empire was put under heavy scrutiny by Chinese regulators. Ma and his family had held the top spot for China’s richest in the Hurun Global Rich List in 2020 and 2019 but now trail in fourth place behind bottled water maker Nongfu Spring’s Zhong Shanshan, Tencent Holding’s Pony Ma and e-commerce upstart Pinduoduo’s Collin Huang, the latest list showed. His fall out of the … Continue reading Jack Ma loses title as China’s richest man after coming under Beijing’s scrutiny

Hong Kong police charge dozens of activists with security crime

Hong Kong police have charged dozens of pro-democracy activists with “subversion”, in the largest single crackdown on the opposition under a China-imposed national security law. Last month 55 of the city’s best-known democracy campaigners were arrested in a series of dawn raids. On Sunday, police confirmed 47 of them had been charged with one count each of “conspiracy to commit subversion” – one of the new national security crimes and would appear in court on Monday morning. The security law, imposed on the city last June, criminalises acts deemed to be subversion, secession, terrorism and collusion with foreign forces. Those … Continue reading Hong Kong police charge dozens of activists with security crime

Chinese £3,200 budget electric car takes on Tesla

A budget electric vehicle (EV) selling in China for $4,500 (£3,200) is now outselling Tesla’s more upmarket cars. The compact car is proving a big hit for state-owned SAIC Motor, China’s top automaker. The Hong Guang Mini EV is being built under a joint venture known as Wuling with US car giant General Motors (GM). Last month sales of the budget electric car in China were around double those of Tesla, which was questioned this month over safety issues there. While the Hong Guang Mini selling for $4,500 is the most popular model, SAIC has an upgraded one with air … Continue reading Chinese £3,200 budget electric car takes on Tesla

Breaking News: Hong Kong tycoon Jimmy Lai arrested again while in jail

Hong Kong tycoon Jimmy Lai, while in jail, has been arrested again on suspicion of assisting one of the 12 fugitives captured by China at sea last year, local newspaper Oriental Daily reported on Wednesday, without citing a source. Media mogul Jimmy Lai Chee-ying, founder of Apple Daily arrives at the West Kowloon Courts before entering a courtroom to face charges related to illegal assembly, in Hong Kong Lai is currently detained and awaiting a Thursday bail hearing, having been charged with colluding with foreign forces under Hong Kong’s new national security law imposed by Beijing last year. More details to … Continue reading Breaking News: Hong Kong tycoon Jimmy Lai arrested again while in jail

Nine Hong Kong activists go on trial over huge democracy rally

Two former Hong Kong legislators have pleaded guilty to charges of organising or participating in one of the biggest pro-democracy protests in the Chinese-controlled city in 2019. The two were among nine, including veteran pro-democracy politician Martin Lee and media tycoon Jimmy Lai, whose trials got under way on Tuesday in the semi-autonomous territory. The nine were arrested with several others in April last year in what was seen as a move to crack down on dissent. The two who pleaded guilty were Au Nok-hin and Leung Yiu-chung, both former members of the Hong Kong legislature. Au had been charged … Continue reading Nine Hong Kong activists go on trial over huge democracy rally

China Box Office Hits Huge $775 Million Holiday Weekend, Led by $424 Million ‘Detective Chinatown’ Debut

© Courtesy of WanDa Pictures China made history this weekend with record ticket sales of nearly $775 million (RMB5.0 billion) within the first three days of the Chinese New Year holiday, led by an incredible $424 million (RMB2.74 billion) debut from “Detective Chinatown 3.” This marked the first time the country’s national box office has ever broken RMB1 billion ($155 million) a day for three consecutive days, a feat achieved despite caps on max theater capacity at 75% in most of the country and 50% in areas particularly at risk for covid-19, such as the Beijing-adjacent Hebei province. More than 55 … Continue reading China Box Office Hits Huge $775 Million Holiday Weekend, Led by $424 Million ‘Detective Chinatown’ Debut

Xi Jinping Orders New Year Military Readiness as Chinese Jets Skirt Taiwan

Chinese President Xi Xinping has ordered the People’s Liberation Army to enhance its combat readiness as the country prepares to celebrate its New Year, and as tensions remain high between Beijing and independent Taiwan. Chinese J-20 stealth fighter jets during a military parade at the Zhurihe training base in China’s northern Inner Mongolia region on July 30, 2017. Xi visited a division of the PLA Air Force late last week, according to a report from the state-run Xinhua News Agency published on Saturday. Xi inspected the readiness of the division in Southwest China’s Guizhou Province. The state-owned nationalistic Global Times newspaper said … Continue reading Xi Jinping Orders New Year Military Readiness as Chinese Jets Skirt Taiwan

Breaking News: China will ‘no longer recognise’ UK-issued BNO passport for Hong Kongers

China on Friday said it will “no longer recognise” the British National (Overseas) passport for Hong Kongers, as Britain prepares to open its doors to millions more residents of the former colony following a security crackdown by Beijing. British National (Overseas) status is a legacy of British colonial rule over Hong Kong The Chinese move follows a promise by British Prime Minister Boris Johnson’s government to provide long-term sanctuary for Hong Kong residents who want to leave the territory. Holders of British National (Overseas) status, a legacy of UK rule over Hong Kong up to 1997 will from Sunday be able to apply … Continue reading Breaking News: China will ‘no longer recognise’ UK-issued BNO passport for Hong Kongers

Special UK visa for Hong Kong residents from Sunday

About 300,000 people are expected to leave Hong Kong for Britain using a new visa route which opens on Sunday. Hong Kong’s British National (Overseas) passport holders and their immediate dependants will be able to apply for the visa using a smartphone app. Boris Johnson said the move honoured the UK’s “profound ties of history and friendship” with the ex-British colony. The visa was announced in July after China imposed a new security law in Hong Kong, Beijing has previously warned the UK not to meddle in domestic issues. Those who apply and secure the visa will be able to … Continue reading Special UK visa for Hong Kong residents from Sunday

Update: Chinese miners to remain trapped at least two more weeks

Chinese rescue teams say it might be more than two weeks until they can save a group of miners trapped hundreds of metres underground. From the group of 11 miners authorities made contact with last weekend, one has since died after falling into a coma. Rescue workers have so far only managed to drill small holes down, but are able to supply food and medicine to the trapped men, the fate of another 11 miners remains unclear. If the rescue can go ahead as planned, the miners will have been trapped for around four weeks. Currently, rescue operations are trying … Continue reading Update: Chinese miners to remain trapped at least two more weeks

Trapped Chinese miners’ note sparks hopes for rescue

Rescuers say that 12 miners trapped underground after an explosion in a Chinese gold mine a week ago are still alive, state media reports the workers managed to send a note to rescuers seven days after the accident. The fate of another 10 miners missing after the explosion remains unclear, mining accidents in China are not uncommon and are often due to poorly enforced safety regulations. The 22 were trapped at the Hushan mine near Yantai in Shandong province in eastern China on 10 January after an explosion damaged the exit and the communications system of the mine, which was … Continue reading Trapped Chinese miners’ note sparks hopes for rescue

Hong Kong police detain 11 for allegedly helping activists escape

Police in Hong Kong arrested 11 people under the territory’s national security law on Thursday morning for allegedly helping 12 activists who attempted to escape the city by speedboat and were last month tried and jailed in mainland China. Local media said eight men and three women, the youngest aged 18 and the oldest 72, were detained in a series of raids that began at dawn, one of them was a secondary school student, according to local broadcaster TVB. District Councillor Daniel Wong, who is also a lawyer, was also among those detained, according to his Facebook account. He has long provided … Continue reading Hong Kong police detain 11 for allegedly helping activists escape