Asia Pacific

Wang Jianlin, chairman of Dalian Wanda Group, retains No. 1 spot in the latest Forbes list of China’s richest, which this year identifies a record 400 billionaires and billionaire families from the mainland, up from 335 a year ago.

Tycoon Li Ka-shing has sold a Shanghai office and retail complex to a company majority owned by China Life Insurance Co for 20 billion yuan ($2.95 billion), paring his investment on the mainland while the yuan has taken a tumble.

GDP expands at same rate as in previous two quarters, but headwinds are on the horizon

Swire Properties, the luxury residential and grade-A office builder, has become the latest developer to join the tiny flat frenzy in Hong Kong, after releasing its latest project in Wan Chai with units as small as 142 square feet.

Chinese housing prices softened in October after a new wave of government cooling measures, but analysts say concerns about an unsustainable property market continue.

General Motors will launch its second production line in Wuhan, China, during the first half of next year, adding a much-needed capacity to meet the growing demands for sport utility vehicles (SUVs) in the world’s largest vehicle market. The 7.

Chinese company Hangzhou Xiongmai Technology has admitted that its webcam and digital video recorder products were partially responsible for a cyberattack against several major Internet sites last Friday, as experts called for stronger cybersecurity

Chinese firms are increasingly eyeing opportunities outside of the country, with Africa becoming a favoured destination rather than locations in Asia, as business costs at home surge and the yuan depreciates.

Fifteen years of economic growth in Hong Kong has failed to improve people’s well-being, according to a recent study from one of the city’s leading policy think-tanks.

China’s third-quarter economic data on Wednesday might paint a picture of stable growth in the world’s second biggest economy, but the figures will not dissuade investors from worrying about the indebted country’s future, economists warn.