Analysts stunned by prices paid for stock, given the company has lost five billion yuan over the past three years and has yet to make a profit

Cyclones caused damage estimated at $20 billion in Asia in recent weeks. A new study warns that these costs will soar unless nations slash use of fossil fuels, and spend big on adaption in coastal cities.

Bank of Japan seen hiking its policy rate 0.25% this month. Nikkei hits 3-week high, as robot makers led gains on bets physical AI will fuel growth

Thai officials have seized a luxury yacht, expensive cars, plots of land, plus millions in cash and stocks in listed firms allegedly linked to scam centre operators in Cambodia

The Hang Seng fell 1.3% and China stocks were down; while the Nikkei and other Asian markets were buoyed by rises on Wall Street.

Villagers and environmental groups say deforestation and extractive industries made impacts of a tropical storm far worse on Sumatra Island.

Fossil-fuel vehicles made up 75% of Chinese auto exports since 2020, and annual shipments could top 6 million this year, amid huge overcapacity at home

Three auto suppliers have received "general licences" designed to ease demand pressure by allowing more exports under year-long permits for customers

Revenues of China's top military firms fell 10% last year after the PLA and its Rocket Force were targets of a corruption crackdown ordered by President Xi, new report says

Warmer oceans are one reason Asia is experiencing more intense storms, but some of the latest cyclones were rare, as they formed close to the equator.

Directors of renovation firm arrested; 'repeated complaints about mesh fire risk'; less than a third of the dead identified; 19 Filipina domestics among 200 still missing

Vietnam's ties with China may have warmed since the US imposed tariffs, spurring concern about deals signed recently with Huawei and ZTE, which the US does not trust