Sangmi Cha

Stay informed with Sangmi Cha’s coverage and analysis for Fortune.

Richard Li, founder of FWD Group Holdings Ltd., attends the company’s listing ceremony at the Hong Kong Stock Exchange in Hong Kong, China, on Monday, July 7, 2025. The insurer’s debut comes after Li son of famed Hong Kong businessman Li Ka-shing tried to take the company public in New York in 2021, which was abandoned after regulatory scrutiny. Photographer: Lam Yik/Bloomberg via Getty Images

Richard Li’s FWD rises in HK debut, reversing earlier decline

By Sangmi Cha and Bloomberg

NetEase shares near record high as China’s Gen Z embraces games

By Henry Ren, Sangmi Cha, and others

A worker tests a Hanhwa K9 Howitzer at Hanwha Aerospace Co.’s manufacturing facility in Changwon, South Korea, on Thursday, April 18, 2024. Hanwha Aerospace Co., Korea’s leading defense contractor, has been making ground weapons for almost 50 years, their old-school armored vehicles and munitions are in high demand. Photographer: Woohae Cho/Bloomberg via Getty Images

Hanwha in advanced talks over arms production for Saudi Arabia

By Sangmi Cha, Youkyung Lee, and others

Rows of mock 30mm shells are seen at Hanwha Aerospace factory in Changwon on November 21, 2024. Longstanding domestic policy bars Seoul from providing weapons into active conflict zones, but ever since its spy agency accused the nuclear-armed North last month of sending thousands of soldiers to help Moscow fight Kyiv, South Korea has warned it might change course. (Photo by JUNG YEON-JE / AFP) / TO GO WITH AFP STORY SKorea-NKorea-Ukraine-weaponry-conflict / FOCUS BY Kang Jin-kyu (Photo by JUNG YEON-JE/AFP via Getty Images)

Korean arms maker’s 3,100% rally tests limit of defense boom

By Heejin Kim, Sangmi Cha, and others

HAIKOU, CHINA – SEPTEMBER 29: Jack Ma, founder of Alibaba Group, speaks during 2020 China Green Companies Summit on September 29, 2020 in Haikou, Hainan Province of China. (Photo by Liu Yang/VCG via Getty Images)

Xi-Jack Ma chat seen as next catalyst for blistering China rally

By Sangmi Cha and Bloomberg

SUQIAN, CHINA – NOVEMBER 6, 2024 – Illustration Wisesoft, Suqian City, Jiangsu Province, China, 6 November 2024. (Photo credit should read CFOTO/Future Publishing via Getty Images)

‘Trump wins big’ meme stock soars in China, ‘Harris’ shares drop

By Sangmi Cha and Bloomberg

Republican presidential nominee former President Donald Trump speaks at a campaign rally at PPL Center, Tuesday, Oct. 29, 2024, in Allentown, Pa. (AP Photo/Matt Rourke)

‘Trump wins big’ meme stock surges in China ahead of U.S. election

By Charlotte Yang, Sangmi Cha, and others

SHANGHAI, CHINA – AUGUST 05: An electronic screen displays the Shanghai Composite Index, the Shenzhen Component Index and the Hang Seng Index on August 5, 2024 in Shanghai, China. (Photo by VCG/VCG via Getty Images)

Investors are so down on China that MSCI is dropping Chinese stocks from its benchmark for the third time this year

By Abhishek Vishnoi, Sangmi Cha, and others

TOPSHOT – Former US President and Republican presidential candidate Donald Trump gestures as he participates in the first presidential debate of the 2024 elections with US President Joe Biden at CNN’s studios in Atlanta, Georgia, on June 27, 2024. (Photo by ANDREW CABALLERO-REYNOLDS / AFP) (Photo by ANDREW CABALLERO-REYNOLDS/AFP via Getty Images)

A Chinese company’s shares jumped 10% during the U.S. presidential debate because its name sounds like ‘Trump wins big’

By Sangmi Cha and Bloomberg

The Hanwha Group booth at the Canadian Association of Defence & Security Industries (CANSEC) trade show in Ottawa, Ontario, Canada, on Wednesday, May 29, 2024. CANSEC showcases technology, products, and services for land-based, naval, aerospace and joint forces military units. Photographer: David Kawai/Bloomberg via Getty Images

Russia’s war in Ukraine has turned South Korea into a manufacturing hotspot as it makes weapons faster and cheaper than the U.S.

By Sangmi Cha, Soo-Hyang Choi, and others

The best restaurant in the world right now is Barcelona’s Disfrutar.

Nearly half of the world’s top 50 restaurants are in Europe—and Barcelona has grabbed the top spot

By Kate Krader, Sangmi Cha, and others

Merchandise lines the shelves of a GameStop store

GameStop shares jump 103% as meme stock Reddit driver DeepF— Value posted an apparent $116 million position in the game retailer

By Sangmi Cha, Subrat Patnaik, and others

A man walks past accessories of the Samsung Galaxy Z Flip4 displayed on a wall during a media preview event for a new flagship store of Samsung Electronics at the Gangnam district in Seoul on June 28, 2023. (Photo by Jung Yeon-je / AFP) (Photo by JUNG YEON-JE/AFP via Getty Images)

South Koreans just became a year—or two—younger

By Shinhye Kang, Sangmi Cha, and others

Do Kwon, co-founder and chief executive officer of Terraform Labs, works on his laptop in the company’s office in Seoul, South Korea, on Thursday, April 14, 2022. Kwon is counting on the oldest cryptocurrency as a backstop for his stablecoin, which some critics liken to a ginormous Ponzi scheme. Photographer: Woohae Cho/Bloomberg via Getty Images

Fugitive Terraform Labs co-founder Do Kwon reportedly hiding out in Serbia

By Shinhye Kang, Sangmi Cha, and others

TOPSHOT – Health officiasl of the Ryonmot Trolley Bus Office disinfect a trolley bus, as part of preventative measures against the Covid-19 coronavirus in Pyongyang on June 9, 2022. (Photo by KIM Won Jin / AFP) (Photo by KIM WON JIN/AFP via Getty Images)

North Korea blames ‘alien things’ sent by balloon from South Korea for its COVID-19 outbreak

By Jon Herskovitz, Sangmi Cha, and others