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China’s rocket start-ups push the envelope as IPOs gather pace

China is moving forward with the initial public offering (IPO) plans of four private rocket makers this month, as Beijing pushes to build up its commercial space industry amid intensifying competition...

2dSouth China Morning PosteconomicsImpact

Harbour BioMed stake in US drug firm Spruce shows Chinese firms’ growing clout, analysts say

Shanghai-based Harbour BioMed’s acquisition of a stake in US-based Spruce Biosciences is the latest example of China’s novel drug developers progressing from one-time licensing deals into long-lasting...

4dSouth China Morning PosteconomicsImpact

Alibaba, JPMorgan said to invest in Chinese chip designer Montage’s Hong Kong listing

Chinese chip designer Montage Technology is set to enlist Alibaba Group Holding and JPMorgan Asset Management among the key investors in its upcoming Hong Kong listing, according to people familiar wi...

Jan 14South China Morning Posteconomics

Meta Shuts 3 VR Studios and Lays Off Hundreds of Devs as It Pivots From Virtual Reality and the Metaverse to AI

Meta is laying off around 10% of staff at its Reality Labs division as part of sweeping cuts set to affect more than 1,000 people. This includes the closure of a number of VR-first studios, such as Tw...

Jan 14IGNTechnologyImpact

Chipotle's new PAC signals a change in how the company engages in politics

Chipotle quietly filed FEC paperwork to form a political action committee. Illustration by Igor Golovniov/SOPA Images/LightRocket via Getty Images Chipotle has filed to form a PAC, allowing the compan...

3dBusiness InsiderPoliticsImpact

I'm a designer, and Saks was my biggest customer. Now it owes me six figures, and I'm fighting to keep my business viable.

Fisayo Che, the founder of fashion brand Elisamama, counted on Saks for more than half of her business. The company's bankruptcy has left her questioning a yearslong partnership. Courtesy of Fisayo Ch...

3dBusiness InsidereconomicsImpact

We're siblings who built a 6-figure Turo business in under 2 years. We started with just our mom's car — here's how we scaled up.

Mike and Darlene Person. Courtesy of JDM Whipz Siblings Michael Rumph and Darlene Person built JDM Whipz, a profitable Turo car rental fleet. JDM Whipz grew to 13 vehicles in Atlanta by reinvesting pr...

3dBusiness InsiderlifestyleImpact

A Google VP explains why ads make sense in AI search but not Gemini — yet

Google VP of global ads, Dan Taylor, said the company is focused on bringing ads to AI Overviews and AI Mode. Google Ads aren't coming to the Gemini AI app anytime soon, according to Google's VP of gl...

Jan 14Business InsiderTechnologyImpact

China’s big people shortage just got bigger, and the risks are growing too

Adek Berry/Getty Images China's population declined for the fourth year in a row, reaching 1.405 billion. Falling birth rates and an aging population threaten China's economy and the global economy. G...

5dBusiness Insiderworld_newsImpact

China to set GDP growth range, providing policy flexibility in 2026: sources

China’s government is likely to set this year’s economic growth target in a range between 4.5 per cent and 5 per cent, according to three sources briefed on the matter. Such a target would indicate a ...

2dSouth China Morning PosteconomicsImpact

Alibaba reaffirms open-source AI commitment as tech giant hails Qwen achievements

Alibaba Group Holding’s artificial intelligence strategy is defined by a commitment to open-source models, the company said on Tuesday, following a year of soaring adoption for its suite of AI service...

Jan 13South China Morning PostTechnology

Read the memo TikTok's CEO sent staff after closing a deal to avoid a US ban

TikTok's CEO Shou Chew Tom Williams/CQ-Roll Call, Inc via Getty Images TikTok has finalized a deal to keep its business operating in the US. The deal, a US joint venture, involves a new set of investo...

1dBusiness InsiderPoliticsImpact

Trump hopes to chart course for Greenland to join the US as he head for Davos

Trump is arriving for the World Economic Forum at Davos on the heels of threatening tariffs on Denmark and seven other allies unless they negotiate a transfer of the semi-autonomous territory — a conc...

4dFrance 24PoliticsImpact

Hong Kong’s Chinese-language newspaper Ming Pao to cease operations in Canada

Hong Kong newspaper Ming Pao is winding up its operations in Canada by the end of this month, marking the closure of all newsrooms run by the city’s major print publications in the North American coun...

Jan 13South China Morning Postworld_newsImpact

Some flight attendants at ultra-low-cost carriers make more than United crew. Here's how much they earn.

An Allegiant flight attendant. David Becker/AP Flight attendants at ultra-low-cost carriers earn a base pay of between $22 and $68 per hour. Allegiant cabin crew earn higher base pay than those at Uni...

6dBusiness InsidereconomicsImpact

Powell criminal probe upends Trump's search for a new Fed chair

White House economic advisor Kevin Hassett (left) and former Fed Gov. Kevin Warsh are leading prediction market odds for the likehood of becoming President Donald Trump's pick to lead the Federal Rese...

Jan 13Business InsiderPoliticsImpact

‘No reliable evidence’ Taipan bakery chain can settle debts: Hong Kong judge

A Hong Kong judge has said his decision to order the winding-up of bakery chain Taipan’s parent company is due to there being “no reliable evidence” that the business can settle its outstanding rent o...

4dSouth China Morning Posteconomics

Hong Kong homebuyers snap up latest flats at Sierra Sea as SHKP set for another sell out

Sun Hung Kai Properties (SHKP), Hong Kong’s largest developer by market capitalistion, is poised to sell out another batch of units at its Sierra Sea project in the New Territories, the city’s largest...

4dSouth China Morning Postreal_estateImpact

Mainland China’s home prices extend slide, adding strain to struggling property sector

Home prices in mainland China continued to decline at a rapid pace in December, posing challenges for an economy that is struggling to find new growth drivers. New home prices fell 0.4 per cent month ...

6dSouth China Morning PosteconomicsImpact

You can bet on how much snow will fall in New York City this weekend

Traders are betting that New York will see 10 inches of snowfall or more this weekend. JEWEL SAMAD/AFP via Getty Images Stormwatchers are betting on how much snow New York will get this weekend. Winte...

12hBusiness InsidereconomicsImpact
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