Shirley Zhao

Stay informed with Shirley Zhao’s coverage and analysis for Fortune.

Richard Li, chairman and chief executive officer of Pacific Century Group, during the Hong Kong Fintech Week in Hong Kong, China, on Monday, Nov. 1, 2022. The conference runs through Nov. 4. Photographer: Paul Yeung/Bloomberg via Getty Images

Li Ka-shing’s son invited to Beijing amid Panama port deal

By Felix Tam, Shirley Zhao, and others

Tugboats move the MSC Loreto container ship from the dockside at the Port of Felixstowe, owned by a unit of CK Hutchison Holdings Ltd., in Felixstowe, UK, on Thursday, May 2, 2024. AP Moller-Maersk A/S, a bellwether for global trade, said a strong start to the year has improved the outlook for container trade demand worldwide. Photographer: Chris Ratcliffe/Bloomberg via Getty Images

Panama opens audit of Chinese port operator while Trump threatens to take canal back

By Michael McDonald, Shirley Zhao, and others

Prada is building a huge Hong Kong store 4 years after shuttering its flagship there as luxury brands creep back

By Shirley Zhao, Shawna Kwan, and others

SHANGHAI, CHINA – MAY 30: Actress Song Yanfei attends the Balenciaga Spring 25 Show at Pudong Art Museum on May 30, 2024 in Shanghai, China. (Photo by Yanshan Zhang/Getty Images)

Balenciaga goods are going for 40% off in China as luxury brands conduct ‘the equivalent of hosting a public sale on Fifth Avenue’

By Shirley Zhao and Bloomberg

A view of a branch of McDonald’s in Soho, London. McDonald’s has apologised to customers after they were unable to order food from some restaurants following an IT system outage. The fast food operator said the problem has now been “resolved” at its sites in the UK and Ireland. Picture date: Friday March 15, 2024. (Photo by Jonathan Brady/PA Images via Getty Images)

McDonald’s eaters around the world thwarted from ordering after system outage that started in Asia spreads globally

By Shirley Zhao, Grace Huang, and others

Adrian and Henry Cheng

Hong Kong’s third-richest man brushes back succession theories: ‘If there’s no family member suitable, we can hire from the outside’

By Shawna Kwan, Shirley Zhao, and others

Tourists along the promenade in the Tsim Sha Tsui area in Hong Kong, China, on Tuesday, Feb. 28, 2023. Hong Kong will stop requiring masks to be worn in public places from Wednesday, drawing to a close the prolonged Covid era that damaged its economy and standing in the world. Photographer: Paul Yeung/Bloomberg via Getty Images

945 days later: Hong Kong is ending one of the world’s longest mask mandates

By Jinshan Hong, Kari Lindberg, and others

A man walks near an art installation of penguin sculptures in Hong Kong on February 2, 2023. – Hong Kong is ready to welcome the world back, its US-sanctioned leader told business and tourism heavyweights on February 2 as he pitched free flights and positive publicity to resurrect the once-vibrant global hub. (Photo by ISAAC LAWRENCE / AFP) (Photo by ISAAC LAWRENCE/AFP via Getty Images)

Hong Kong really wants people to visit. To prove it, it’s giving away 500,000 air tickets

By Shirley Zhao, Felix Tam, and others

A two-year-old hamster named “Ring” owned by Cheung, a member of an online hamster community who has volunteered to foster abandoned small animals in light of government instructions for pet owners to give up recently purchased hamsters, chinchillas, rabbits and guinea pigs for culling after hamsters in a pet store tested positive for Covid-19, looks on from a cage in Hong Kong on January 19, 2022. (Photo by Bertha WANG / AFP) (Photo by BERTHA WANG/AFP via Getty Images)

Hong Kong lifts its controversial hamster ban that made the furry animals a public enemy due to COVID

By Shirley Zhao and Bloomberg

A street scene in Hong Kong.

Hong Kong’s quarantine is ending but businesses want a full reopening as economy, image suffer

By Kari Soo Lindberg, Shirley Zhao, and others

WENCHANG, CHINA – JULY 24: A Long March-5B Y3 rocket carrying China’s space station lab module Wentian blasts off from Wenchang Spacecraft Launch Site on July 24, 2022 in Wenchang, Hainan Province of China. (Photo by VCG/VCG via Getty Images)

U.S. group warns a Chinese rocket plunging to earth could land in a populated area. China says it’s just Western ‘sour grapes’ over its arrival as a space power

By Bruce Einhorn, Shirley Zhao, and others

HONG KONG, CHINA – 2021/11/29: Passengers wearing face masks as a precaution against the spread of covid-19 seen lining up to board a flight to Canada.<br />
The Hong Kong International Airport during COVID-19 pandemic. (Photo by Katherine Cheng/SOPA Images/LightRocket via Getty Images)

Hong Kong cuts quarantine for arrivals to 14 days—but extends its entry ban on 8 countries

By Shirley Zhao, Kari Lindberg, and others

09 October 2021, Brandenburg, Grünheide: Elon Musk, Tesla CEO, stands on a stage at the Tesla Gigafactory for the open day. In Grünheide, east of Berlin, the first vehicles are to roll off the production line from the end of 2021. The US company plans to build around 500,000 Model Ys here every year. Photo: Patrick Pleul/dpa-Zentralbild/ZB (Photo by Patrick Pleul/picture alliance via Getty Images)

Elon Musk quoted an ancient Chinese poem and Twitter can’t decide if it’s about the Shiba Inu vs. Dogecoin spat

By Shirley Zhao and Bloomberg

The Venetian Macao resort and casino, operated by Sands China Ltd., a unit of Las Vegas Sands Corp., left, stands illuminated at night in Macau, China, on Tuesday, March 3, 2020. Casinos in Macau, the Chinese territory that’s the worlds biggest gambling hub, reported a record drop in gaming revenue, as they grappled with the cost of closing down their businesses for 15 days to help contain the deadly coronavirus outbreak. Photographer: Billy H.C. Kwok/Bloomberg via Getty Images

Macau casino stocks plunge as officials announce tighter scrutiny of the world’s biggest gaming hub

By Shirley Zhao, Christopher Palmeri, and others

HUAIAN, CHINA – AUGUST 9, 2021 – A China Telecom business hall is seen in Huaian City, Jiangsu Province, China, August 9, 2021. China Telecom’s listing on the Shanghai stock Exchange could raise as much as $8.4bn.
 (Photo credit should read Costfoto/Barcroft Media via Getty Images)

China Telecom’s Shanghai debut is 2021’s biggest listing so far

By Shirley Zhao and Bloomberg