Elon Musk has confirmed selling $6.9 billion worth of shares in his car company, saying he is covering the risk that a US court forces him to takeover the social media platform.

China's real estate crisis has hit property service management companies, with many caught up in their parents' debt woes. This has slashed the value of the sector's shares.

After a change of owners and managers Luckin, which delisted from the Nasdaq following the scandal, has reported its first ever quarterly profit

This year hundreds of China's smaller cities have taken steps to boost demand, offering subsidies, relaxing curbs and cutting down-payment requirements to try to boost home sales.

The statement came a few hours after US President Joe Biden said he was "not worried" about China's military taking further measures.

Tibet's two biggest cities have been hit by lockdowns while 178,000 tourists are stranded on Hainan Island after travel bans were imposed, officials said Tuesday

The carmaker sold 28,217 Chinese-made vehicles in July – nearly two-thirds less than its sales in June – while its factory in Shanghai was being upgraded to boost its output

Assemblers in Taiwan such as Foxconn and Pegatron have been ramping up production so Apple can launch its iPhone 14 next month

Tech conglomerate says permits to operate driverless robotaxis in Chongqing and Wuhan are a "turning point" in China's policy-making towards autonomous driving

Imports from Russia rose by 49% last month, while Chinese exports to Russia jumped by nearly a quarter, the latest customs data revealed

Yango and Greenland shares shot up on Monday after news the two struggling developers have won help from state entities to manage their debt crises

Tens of thousands of tourists are stuck in Sanya beach resort after authorities imposed travel restrictions on Saturday in response to the latest Covid-19 outbreak.