Chinese firms have ordered 47 ships, including car carriers, to cut export costs. Meanwhile, idle car factories are being shut amid huge industry changes; only two local carmakers out of about 100 are now said to be profitable

Ma praised the leadership of Eddie Wu and Joe Tsai. He said the split into six units helped streamline decision-making, so Alibaba is more agile and customer-focused

Ratings agency blames risks to public finances as the economy faces uncertainty in its shift to new growth models, says state deficit will rise to 7.1% of GDP in 2024

Companies in Japan have called for a law to stop unrestrained use of AI, saying they fear democracy and social order could collapse if artificial intelligence systems are left unchecked

Chinese EV sales totalled 1.03 million in the first quarter of the year but it was the slowest quarterly growth since the second quarter of 2023

The biggest money-laundering case found in Singapore has led to officials tightening oversight, but small terms given to 2 men who found guilty last week stirred anger online

Republican leader in the Senate backs push for China's Bytedance to divest TikTok, which he said was a threat to American children

Washington will award TSMC's US unit a $6.6bn subsidy and up to $5bn in low-cost loans, after it agreed to expand its investment to $65bn and add a third chip fab in Arizona

US Treasury chief winds up talks with China's financial leaders; she also warned that Chinese banks could face sanctions if linked to arms deals that aid Russia's war in Ukraine

Chinese policymakers have doubled down on Xi Jinping's new mantra of unleashing "new productive forces” and stepped up investment in cutting-edge technology

From China's strategic alliance with Russia to chip equipment giant ASML's plans to move operations abroad — the Mark Rutte government will have a lot to consider as it makes a decision

The now-defunct entry-level vehicle, sometimes described as the Model 2, was expected to start at about $25,000