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Workers lay cables at the Bridge Data Centres campus in Senai Technology Park, Johor, Malaysia on May 6, 2026. Photo: Hasnoor Hussain/IC Photo

In Depth: Southeast Asia’s AI Data Center Boom Has a Power Problem

Chinese tech giants and global operators are building related industrial parks across the region, but grids, gas turbines and transmission systems are struggling to keep up with the industry’s rapidly rising energy demands

In Depth: Shein Heads for Hong Kong IPO as Growth Slows, Regulatory Pressure Mounts

The fast-fashion giant’s projection valuation has plummeted in the face of intensifying competition and rising costs overseas

The ruling keeps the global network entity of PricewaterhouseCoopers in the case and clears the way for substantive proceedings. Photo: VCG

Hong Kong Court Keeps PwC International in Evergrande Liquidators’ $8.6 Billion Lawsuit

Judge rejects bid by PwC’s global network entity to be removed from the case, allowing Evergrande liquidators’ claims against three PwC units to proceed

Brazil Fines ByteDance $30 Million Over TikTok’s Handling of Minors’ Data

The country’s data protection authority said the platform failed to adequately safeguard children and teenagers, ordering ByteDance to delete improperly collected data and strengthen compliance measures

INSIGHT
Aug 14, 2026 03:23 PM
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Residents handle medical insurance affairs at a government service center in the Huai'an Economic and Technological Development Zone, Jiangsu province. Photo: VCG

China’s Medical Insurance Exodus Prompts Calls for Sweeping Elderly Subsidies

A steep seven-year decline in resident medical insurance enrollment has prompted public health experts to urge Beijing to shoulder more of the costs for seniors and vulnerable households

Aug 27, 2026 11:59 AM
Near Gyirong port in Gyirong county, Shigatse, Xizang, on August 26, 2026. Photo: Xinhua

Nepal Mudslide Slams Into Xizang Border Port, Killing 3 and Leaving Hundreds Missing

A suspected avalanche unleashed a torrent of mud and debris across the Gyirong crossing, burying vehicles and infrastructure as China mounts a major rescue operation

Aug 27, 2026 11:34 AM
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CX Daily: China Races to Build Its Own Gene-Editing Toolkit — With an AI Assist

To avoid a messy, billion-dollar U.S. patent fight over CRISPR-Cas9, Chinese biotech startups are engineering proprietary DNA scalpels from scratch

Aug 27, 2026 11:32 AM
A Country Garden residential project in Yichang, Hubei province. Photo: VCG

Country Garden Services Returns to Core Profit Growth as Receivables Climb

The property manager posted its first increase in core net profit in two years, while mounting third-party receivables and weak operating cash flow highlighted persistent pressure on collections

Aug 27, 2026 03:43 AM
Greentown Management held an earnings briefing on Aug. 26.

Greentown Management’s New Project Contracts Tumble as Government Clients Pull Back

The company said weaker land buying by local government financing vehicles and tighter project screening drove a steeper decline than the industry average, even as revenue and profit continued to rise

Aug 27, 2026 03:19 AM
The Xinmao Building in Shanghai.

Foreign Funds Offload Commercial Properties in Beijing and Shanghai at Deep Discounts

As fund maturities approach and debt pressures build, overseas investors are selling prime assets in China’s top-tier cities at steep markdowns, underscoring a broader repricing in the commercial real estate market

Aug 26, 2026 11:34 PM
The Amur complex, about 15 kilometers west of the city of Svobodny, is a joint venture between Russian petrochemicals producer Sibur and China’s state-owned Sinopec. Photo: Sputnik

Blast at Russia-China Chemical Project Kills Seven, Leaves Nine Chinese Missing

Fire and explosion at the Amur Gas Chemical Complex in Russia’s Far East trigger a criminal probe, with authorities examining possible industrial-safety violations

Aug 26, 2026 10:21 PM

Business Brief (Aug. 26): U.S. Plans Massive Visa Revocations

U.S. and China hold dialogue in Beijing, Huawei to release tri-fold smartphone featuring new operating system

Aug 26, 2026 06:56 PM
Photo: VCG

EHang Scraps Revenue Target in Wake of Fatal Aircraft Crash

Tighter oversight of low-altitude flights has delayed the flying-car maker’s commercial passenger operations, forcing it to focus more on other businesses like logistics

Aug 26, 2026 06:40 PM
Zhou Guren

The Blacklisted Chinese Businessman Behind a $100 Million Trump Crypto Bet

Zhou Guren, facing unpaid debts in China and a U.K. money laundering probe, has emerged as the largest known backer of World Liberty Financial

Aug 26, 2026 06:22 PM
A lithium battery production workshop in Wuhan, Hubei province, on July 27. Photo: VCG

Chinese Battery-Makers Raise Prices as Consumption Tax Returns

Leading battery companies including EVE Energy seek to pass the added cost on to customers, but smaller rivals may have less leverage in pricing negotiations

Aug 26, 2026 04:54 PM
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China Mutual Fund Firms Post Profit Surge as Giants Consolidate Power

Midsize managers leverage niche strategies for explosive growth

Aug 26, 2026 02:37 PM
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Chinese Banks Launch ‘Token Loans’ to Fund AI Firms

Token usage acts as a new credit reference, though lenders still rely on traditional risk controls and state backing

Aug 26, 2026 01:46 PM
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China Aims to Clarify Liability for Autonomous Cars

An amendment to the Road Traffic Safety Law seeks to hold automakers or importers accountable for traffic violations committed by self-driving vehicles, paving a legal path for the technology’s large-scale commercialization

Aug 26, 2026 01:01 PM
Photo: VCG

Pioneering Injury Lawsuit Could Finally Hold China’s Gig Platforms Liable

After a severe brain trauma left a veteran KFC delivery rider with no one to cover his medical bills, legal advocates are pushing a novel ‘joint employer’ theory to hold companies accountable

Aug 26, 2026 12:15 PM
Alibaba founder Jack Ma, Chairman Joe Tsai and Chief Executive Eddie Wu have bought back company shares recently. Photo: VCG

Jack Ma, Alibaba Top Executives Buy $102 Million of Stock After Record Share Sale

The massive follow-on offering spooked the market, dragging shares below the placement price before news of management purchases prompted a slight rebound

Aug 26, 2026 10:04 AM



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