China tightens tax reporting rules for internet platforms · TechNode
China has rolled out new tax reporting rules for internet platforms in a move to boost transparency and enforcement. The regulations, which took effect June 23, require platforms to submit…
My Take | In history’s latest surprising twist, just who really are the late Soviets now?
Long after the Tiananmen Square incident in 1989, Westerners and, secretly, even some within China, were thinking that if the communist country was going to follow the decline and fall…
China advances development bank to help 10 Eurasian countries curb US dollar risks
A strong push on Monday to create a development bank serving 10 Eurasian countries, including China, would help insulate the group from increasingly risky US dollar-dominated trade while accelerating key…
Starbucks denies reports it plans to fully exit China · TechNode
Starbucks has responded to rumours of a potential stake sale in its China operations after reports resurfaced that the American coffee giant is looking for buyers for its business in…
CATL backs humanoid robotics startup Galbot in $153 million funding · TechNode
China’s CATL, the world’s biggest battery maker, has extended its drive into humanoid robotics, leading a RMB 1.1 billion ($153 million) funding round for Beijing-based startup Galbot, making it a…
Boy, 11, shot dead in Texas after ‘ding dong ditch’ doorbell prank
An 11-year-old boy was fatally shot in Houston, Texas after a prank in which he rang the doorbell of a home and ran away, police said. The boy had been…
Travel agency launches immersive dining in Shanghai
Travel agency Trip.com Group has unveiled an immersive 90-minute dining experience that blends cuisine, digital storytelling and live performances. Travel agency Trip.com Group has unveiled „Taste of China“, an immersive…
ByteDance fires LLM team head over conflict of interest · TechNode
ByteDance has dismissed Qiao Mu, former head of its Doubao large language model (LLM) team, following an internal ethics probe. In a notice circulated internally on Monday, the TikTok owner…
At summit, China’s Xi announces talent scheme, calls for SCO development bank
This live blog has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing. New users who download our updated app get…
Leading Chinese humanoid robot maker UBTech gets US$1 billion boost from Infini Capital
UBTech Robotics, a leading Chinese manufacturer of factory robots, has secured a credit line of up to US$1 billion from a Hong Kong investment firm to finance its production expansion,…