The Singapore-based lender said the layoffs were to reduce the company's expenditure and leave it with only about 10 employees. 

The deal to build 161 mobile phone towers across the Solomons Islands will be financed via a loan from China's state-owned Exim Bank, The Age reported.

The decision to stop the buyout is the UK's latest move to protect its technological edge from Chinese ownership, The Guardian reported.

TikTok is following in the footsteps of Meta and Twitter, which also have announced measures to prevent false claims before they spread online.

China is shooting rods of silver iodide into the clouds in an attempt to induce rainfall in its Yangtze River basin area following the worst heatwave since 1961.

MIT Professor Chen Gang, investigated by the US for links to China, is among researchers who discovered a material they say may be better for making computer chips than silicon.

Bridgewater Associates' Alibaba stake was valued at $813 million at the end of the first quarter, Nasdaq.com said. The world's largest hedge fund retains stakes in Baidu and Tencent Music.

The move marks a major retreat by Tencent from the NFT market, which has come under increased scrutiny from Chinese regulators.

China’s yuan is facing the most sustained depreciation pressure since 2015, when a shock devaluation triggered a global stock market rout

Elliott made its move after losing faith in SoftBank founder Masayoshi Son's ability to turn around the company's fortunes after steep investment losses, the FT reported.

"It seems like they're saying, 'We think the outlook for China tech is pretty poor so we're going to get in front of that'," said Redex Research analyst Kirk Boodry.

SMIC got hit with US sanctions three days after he joined the company, and the Chinese government did not trust him due to his Taiwanese-US citizenship, Chiang said.