Asia

AsiaAlibaba’s reversal from online superstar is so serious that it briefly lost its crown as China’s second-most valuable e-commerce player
BYCharlotte Yang, Jane Zhang, and others
TechJewish tech leaders met with TikTok’s CEO to raise concerns that the platform is biased toward Pro-Palestine content
BYMichal Lev-Ram
FinanceTesla’s biggest rival mourns death of early backer Charlie Munger: ‘His unwavering support and guidance were instrumental in shaping BYD’
BYChristiaan Hetzner
AsiaThe UAE’s leading AI CEO addresses bombshell New York Times report alleging China ties, says he didn’t finish reading the story
BYNicholas Gordon
AsiaHong Kong’s third-richest man brushes back succession theories: ‘If there’s no family member suitable, we can hire from the outside’
BYShawna Kwan, Shirley Zhao, and others
Tech‘Every great company is born in a winter’: Jack Ma stuns Alibaba employees with memo calling for firm he co-founded to ‘correct its course’
BYZheping Huang, Jane Zhang, and others
AsiaThe CEO behind nearly 10,000 KFCs in China explains the country’s consumption slump: A ‘psychological’ consequence of COVID-zero
BYNicholas Gordon
AsiaFast-fashion giant Shein could have the 5th-largest consumer IPO of all time—but its China roots and forced-labor allegations make it challenging
BYAmy Or, Olivia Rockeman, and others
TechWorld’s first AI minister likens risk of overregulation to calligraphers that kept the printing press out of the Middle East for nearly 200 years
BYChristiaan Hetzner
LeadershipNetflix’s biggest rival in Japan was created by a secretive billionaire whose father nearly destroyed the company in a telecom scandal
BYMin Jeong Lee, Yoojung Lee, and others
EnvironmentUAE’s COP28 president reportedly lobbied for fossil fuel interests at climate meetings
BYLaura Millan, Maria Tadeo, and others
AsiaBuzzy fast-fashion retailer Shein, believed to exceed Zara and H&M in U.S. sales, files confidentially for an IPO
BYMatthew Monks, Olivia Rockeman, and others
FinanceLate 2023 recession off a ‘classic policy-led boom-bust cycle’ is already happening, Deutsche Bank says—but AI is changing the game a bit
BYWill Daniel
AsiaFallen Alibaba billionaire Jack Ma just filed an application for a $1.4m business. It looks like it has to do with farm food
BYEleanor Pringle
TechElon Musk travels to Israel in show of solidarity as X owner seeks to dispel allegations he’s anti-Semitic
BYChristiaan Hetzner
AsiaTaiwan tech firm’s stock soars 40% on booming demand for smartphones and its new AI chip—leaving U.S. rival Qualcomm behind
BYCharlotte Yang and Bloomberg
HealthChina tells the WHO that known germs—not a new novel virus like COVID-19—are behind surge in kids’ pneumonia
BYBloomberg
AsiaChina’s real estate crisis has helped punch a $37 billion hole in the balance sheet of one of the country’s largest shadow banks
BYLionel Lim
AsiaTaiwan opposition’s hopes for a unity ticket fall apart hours before the registration deadline, shaking up the race ahead of January’s election
BYLionel Lim
AsiaJapan’s new tallest skyscraper is also fat—sprawling enough to fit the mixed-use demands of post-COVID city life
BYNicholas Gordon
AsiaBaidu reveals expectations-beating earnings and touts its new ChatGPT-like AI models, amid leadership chaos at U.S. competitor OpenAI
BYLionel Lim
TechNvidia warns that sales to destinations like China, the target of Biden’s chip controls, will ‘decline significantly’
BYIan King and Bloomberg
FinanceOil-rich Saudi Arabia is shelling out for the world’s top sports, but can Mohammed bin Salman buy himself an auto industry?
BYChristiaan Hetzner
SuccessThe UAW scores another raise for non-union members as Nissan gives a 10% raise to 9,000 American factory workers
BYKeith Naughton and Bloomberg
ConferencesRejecting the season-to-season model is why Lululemon can keep innovating, says CEO Calvin McDonald
BYLionel Lim
AsiaHong Kong Disneyland just opened first ‘Frozen’ attraction as part of Disney’s $60bn theme park and cruise expansion
BYZen Soo and The Associated Press
AsiaAustralia’s second-largest telco loses its CEO after a network outage that hit almost 40% of the country’s population
BYLionel Lim
PoliticsBiden tells Asia-Pacific leaders ‘we’re not going anywhere’ as U.S. looks to build economic ties—and ‘de-risk’ from China
BYColleen Long, Aamer Madhani, and others
AsiaA series of bad news stories—including an abandoned cloud spin-off plan—wipe billions from Alibaba’s market cap
BYLionel Lim
LeadershipXi’s dinner message for Elon Musk, Tim Cook and Ray Dalio: China ‘will not fight a cold war or a hot war with anyone’
BYMichael Martina and Reuters