The closure of the lab is the latest internal change at Alibaba, which surprised investors earlier this month by scrapping its plan to spin-off its cloud business

The spike in infections poses fresh risks for the Chinese economy which is still struggling to emerge from the economic hit from two-years of of Covid-related lockdowns and restrictions

Spot lithium prices in the world's top producer of the battery metal were effectively down close to 80% year-on-year

The crisis at Zhongzhi threatens to reignite concerns that China's property debt crisis is spilling over into the country’s broader financial sector

The properties, located in The Peak, one of the most prestigious neighbourhoods in Hong Kong, are valued at more than $192 million

The People's Bank of China said the deal "will help strengthen financial cooperation" and "expand the use of local currencies"

While the Chinese president’s US visit didn't do much to ease the weight of Washington's chip sanctions on the world's second-largest economy, it did manage to score several brownie points

"The shelving is a surprise and makes us wonder if there are issues behind the scenes that we aren't aware of," one analyst said, but news that Jack Ma's family trust was selling shares likely also hurt the stock

Tencent is the second large Chinese technology company to look for domestic alternatives to Nvidia amid tightening US sanctions

For US businesses, the dinner will particularly be a chance to hear directly from the leader of the world’s second-biggest economy as they search for ways to navigate its economic slowdown

If approved, the new measures will apply specifically to auditors that have been hired by domestic firms or are conducting cross-border work

A global chip glut and Washington’s moves to limit China’s semiconductor industry weighed on SMIC, but the chipmaker shrugged off the revenue drop