Good Morning. Welcome to The Wire’s daily news roundup. Each day, our staff gathers the top China business, finance, and economics headlines from a selection of the world’s leading news organizations.
Paid subscribers automatically have this list emailed directly to their inboxes every day by 10 a.m. EST. Subscribe here.
The Wall Street Journal
Embattled Chinese Property Tycoon Turns to Electric Cars. Cue $87 Billion Valuation. — Evergrande founder Xu Jiayin hasn’t sold any vehicles yet and his real-estate empire is groaning with debt.China’s Mutual-Fund Stars Go From Boom to Backlash — Investors thronged to market-beating fund managers. Then the market slumped, and the onetime stars became targets of online ire.TikTok Parent’s Founder Zhang Yiming to Step Down as CEO — Co-founder Liang Rubo to lead ByteDance, inheriting a company that is facing growing government pressure in China to stay in line.Tencent Earnings Power Through Tech Crackdown — The gaming
The Global Intelligence Platform used by The Wire China
- Navigate China's business landscape
- Identify risk
- Spot opportunity