The founder and chairman of HNA Group has been ordered by a court in China that he cannot indulge in luxury spending after the aviation-to-property conglomerate and its subsidiary failed to pay an investor in a lawsuit.
China's Anbang Insurance Group said on Monday that it will apply to the country's banking and insurance regulator to disband and liquidate the company.
China's biggest airline on Saturday reported less severe losses in the second quarter as domestic travel picks up with the coronavirus outbreak brought largely under control.
Just a week after announcing the decision to stop internet television streaming services from iQiyi and Tencent, Taiwan turned its attention to the local branch of Alibaba’s e-commerce site Taobao because of its Chinese mainland ownership.
Taiwan-based electronics manufacturers Foxconn and Pegatron are among companies eyeing new factories in Mexico, people with direct knowledge of the matter said, as the U.S.-China trade war and coronavirus pandemic prompt firms to reexamine global supply chains.
As tensions rise between the US and China, Apple’s Chinese operations — which include millions of Apple customers and much of the company’s manufacturing operation — could be at risk.
Iqiyi Inc., a Chinese Netflix-style streaming service that’s backed by Baidu Inc., tumbled as much as 19% after disclosing that the company is under investigation by the U.S. Securities and Exchange Commission.
China will no longer be the world's manufacturing epicenter going forward, according to Apple's largest supply chain partner Foxconn, which has been gradually expanding its operations in other countries amid the U.S.-China trade war.
Huawei, the world’s biggest smartphone vendor, says it’s running out of processor chips because of US sanctions against the company.
Several media outlets recently reported that Microsoft’s latest services agreement said that if the US government prohibits Microsoft from offering Microsoft software to any Chinese enterprises, institutions or individuals, Microsoft will not only comply with it, but also will not make any compensation.