A Shanghai court gave Xiao Jianhua 13 years in jail, while his Tomorrow Holdings group was hit with a record 55-billion-yuan fine ($8.1 billion) for illegally siphoning public money, bribery

The Taiwanese group signed a $300m agreement with local developer Kinh Bac City to expand its facilities northeast of Hanoi, amid reports it will make the Apple Watch there

China imported 7.15 million tonnes of Russian oil last month via the East Siberia Pacific Ocean pipeline and shipped from Russian ports, but domestic demand was weaker

Some 25 out of 30 respondents in a snap poll predicted a 10-basis-point reduction in the one-year loan prime rate, which banks charge their best clients.

The company's net income fell 67% to 2.08 billion yuan, missing analysts' estimates.

Asian stocks fell in China, Japan, South Korea and India, but rose in Australia. 

Only 2% of cars sold in Australia are electric, compared with 15% in Britain and 17% in Europe.

The meeting comes on the heels of a new US CHIPS Act that includes $52 billion in subsidies for companies that make chips or conduct chip research in the United States.

The world's largest memory chipmaker said plans to invest about $15 billion in the centre at Giheung, south of the capital Seoul, over the next six years, it said

The Cyberspace Administration of China also said it supports overseas listings, and that the aim is to ensure that data is not abused by foreign governments.

Seoul's participation in the first meeting of the 'Chip 4' group could heighten the stakes as it seeks to navigate the divide between the US and China over semiconductors

Nomura lowered its China economic growth forecast, citing dismal July activity data, the lingering impact of the pandemic, and the worst heatwave in six decades.