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The Latest Breaking News from China

Cathie Wood Dumps $30 Million Worth Of Tesla Stock Amid China Sales Slump, Loads Up Circle And This Hot Chinese AI Stock

On Wednesday, Cathie Wood-led Ark Invest executed significant trades involving Circle Internet Group Inc. (NYSE:CRCL), Alibaba Group Holding Ltd. (NYSE:BABA), and Tesla Inc. (NASDAQ:TSLA). These trades reflect Ark’s strategic positioning in the market, with notable buys in Circle and Alibaba, and a sell-off in Tesla.

Benzinga

Alleged gambling kingpin linked to scam centres extradited from Thailand to China

She Zhijiang’s empire includes gambling complex Shwe Kokko that US has tied to regional scam and trafficking networks

The Guardian - AU

Rare Earth Stocks: The Truce That Isn't a Truce

China's targeted export plan against the U.S. military elevates domestic rare earth producers from a strategic asset to a national security imperative.

MarketBeat

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Chinese scientist pleads guilty in US smuggling case and will be quickly deported

A Chinese scientist charged in Michigan with smuggling biological materials has pleaded guilty

The Independent UK

Tesla’s China Sales Just Hit a 3-Year Low. Should You Ditch TSLA Stock Now?

Tesla’s vehicle sales in China hit a three-year low in October. What should you do with its stock now?

Barchart

Exclusive: Bipartisan panel calls for more government intervention to support tech sector

Without government intervention, the group says the nation risks potential exploitation by China and other adversaries.

Axios

Kash Patel interrupts White House briefing to explain his secret flight to China

The FBI director scurried out of the White House briefing room before reporters could ask him why the president spent ‘hours’ at Jeffrey Epstein’s house with Virginia Giuffre

The Independent UK

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Zendaya, Federer, And LightSpray: What's Fueling On's 20% Surge After Blowout Q3

On Holding AG (NYSE:ONON) sprinted nearly 20% higher today after a blowout third quarter that showed the Swiss sneaker maker isn't just keeping pace with Nike Inc (NYSE:NKE) and Adidas AG (OTCPK:ADDYY) — it's outrunning them.

Benzinga

Applied Materials Q4 Preview: Analyst Says 'Risk Reward Skewed To The Upside' Ahead Of Report

Semiconductor giant Applied Materials (NASDAQ:AMAT) could highlight new AI-related products and how export restrictions to China are impacting the sector when the company reports fourth-quarter financial results Thursday after market close.

Benzinga

Shock as Brand-New Chinese Bridge Crumbles Into Gorge Just Months After Opening

China's newly built Hongqi Bridge in Sichuan collapsed into a gorge just months after opening, triggering outrage over construction standards, safety oversight, and the pace of China's infrastructure expansion.

International Business Times UK

China officials overseeing allocation of high-end AI chips, prioritizing homegrown options — government's AI chip pivot accelerates as US export restrictions bite

Restrictions on U.S. chip exports are beginning to force visible shifts in China’s AI compute strategy, as a shortage of Nvidia accelerators drives cloud providers toward domestic alternatives.

Tom’s Hardware

GM To Suppliers: Get Your Supply Chains Out Of China (Report)

GM has reportedly told suppliers to get their supply chains out of China by 2027. It's not the only company adjusting its China plans today.

InsideEVs

Beijing court to rule in appeal of jailed Chinese journalist Dong Yuyu

Detention of Dong on espionage charges has been criticised by human rights and press freedom organisations

The Guardian - UK

'Stranded' astronauts aboard Chinese space station are preparing to come home — but no date has been announced

Three astronauts remain stuck on China's Tiangong space station after errant debris struck their return capsule last week. But their return vessel has already arrived, meaning a flight home will come sooner rather than later.

LiveScience

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Axios

Google targets China-based scam operators sending Americans' toll fraud texts

This is the first suit of its kind targeting fishing-as-a-service.

Bored Panda

Horrific Video Shows China’s Ambitious Bridge Collapsing Into Dust Just Months After Opening

The bridge was built in an area known for frequent landslides and seismic activity.

Fortune

IEA heralds 'the Age of Electricity' while warning that oil may not be peaking in 2030 after all

The International Energy Agency’s World Energy Outlook still sees a pathway to mitigage "the most severe risks from climate change."

The Guardian - UK

New bridge in south-west China collapses into mountainside

No casualties reported after section of 758-metre structure helping to link Sichuan province to Tibet falls to pieces

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The Conversation

How the market for international students puts pressure on universities’ academic freedom

It is difficult to ignore the intertwined nature of the commercialised UK higher education model and its reliance on international student fee income. One in four students enrolled in higher education courses in the UK in 2023-24 is of non-UK origin. This is an increase from just over one in…

GOBankingRates

See the High Tariff Rates on Christmas Trees, Ornaments and Holiday Lights

Here are some reasonable estimates for increases consumers might face on popular holiday items.

The Independent UK

China's Singles' Day online shopping bonanza's sales slow as shoppers opt for more affordable deals

Sales during China’s online shopping festival, Singles’ Day, slowed this year as bargain hunters opted for more affordable deals

Android Central

Get Ready: Samsung's Galaxy Z TriFold may finally debut next month with unique design

The Galaxy Z TriFold is expected to debut in Korea, China, and select Asian regions on 5th December.

Tom’s Hardware

China accuses Washington of stealing $13 billion worth of Bitcoin in alleged hack — 127,272 tokens seized from Prince Group after owner Chen Zhi was indicted for wire fraud and money laundering, U.S. alleges

China accuses the U.S. of being behind the largest cryptocurrency theft in history.

Motor1

This New Volkswagen Doesn't Really Look Like a VW

The Volkswagen Group has been riding the gravy train in China for decades, but the days of dominance are over. The rise of domestic automakers with affordable, tech-laden cars is putting a serious dent in the balance sheets of legacy brands, forcing them to rethink their strategies.

The Independent UK

How Sanae Takaichi’s Taiwan remark stirred up a diplomatic storm between Japan and China

Japan moves closer to openly linking Taiwan’s security to its own as China responds with thinly veiled threats

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