Alibaba on Thursday approved a full spinoff of the Cloud Intelligence Group via a stock dividend distribution to shareholders

Global temperatures are likely to be 1.5°C above pre-industrial levels at least once over the next five years, the WMO says, and an El Niño weather pattern looks likely to occur late this year

Sluggish demand and shrinking land banks are hampering plans of developers restructuring after defaulting on their debts; some wonder if they will face a second round of restructuring

Amazon Web Services said the investment will be used to build its cloud infrastructure in India and will support over 100,000 full-time jobs annually

OpenAI chief executive Samuel Altman urges Congress to draw up rules and guidelines, saying he fears that artificial intelligence could cause significant harm to society and the world

About 30 coal mines will close in India over the next three to four years "to pave way for forests and water bodies", a top official said, but that may be only a quarter of the country's mines

Analysts say foreign demand for expert advice on business in China will continue to grow, although due diligence firms are likely to be more cautious after Beijing's data security crackdown

Futu Holdings and UP Fintech Holding will remove their apps in mainland China this week amid Beijing's intense focus on data security and limiting capital outflows.

Hedge funds in Asia have been investing in China's top private education groups and US tech giants working on artificial intelligence, regulatory filings from the first quarter reveal

Wages at leading Chinese investment banks have also been trending downward amid a slowing economy and the government's "common prosperity" rhetoric

Some 24 Chinese firms have changed auditors since 2022, according to an analysis of filings by Nikkei, which said many did that to avoid being delisted from US exchanges

Data on industrial output and retail sales in April was well under forecasts, while youth unemployment hit a record 20.4%, suggesting China needs to do more to bolster its recovery