Chinese

ASX-listed company announced in February it would lay off almost 30% of its 7,000-strong workforce across 40 countriesGet our breaking news email, free app or daily news podcastWiseTech has begun informing staff that they will lose their jobs as part of redundancies the company has said is due to artificial intelligence advancements – although an email to staff in China omitted the word “AI” after a court case against another company in the country.Staff at WiseTech have been waiting almost three months to be told if they are among the 2,000 people the logistics software company is to cut due to advances in AI. The Australian Stock Exchange-listed company announced in late February it would lay off almost 30% of its 7,000-strong workforce across 40 countries. Continue reading...

• Inner Mongolia Nongxin, a Women’s Chinese Basketball Association side, was banned for three years on Wednesday and stripped of its 2023-24 runners-up finish after a match-fixing investigation. • The CBA said former general manager Guo Jiajie and player Zou Qijia were banned for life, while head coach Yang Zan and rival Shanxi executive Ma Jun received three-year suspensions effective May 20, 2026. • Court documents cited by the league said the officials sought “illegitimate benefits” and were involved in “attempted bribery of non-state functionaries,” underscoring the scale of the scandal.

Firms do not offer cover for some models, or charge more than for equivalent petrol cars, research findsUK insurers are more hesitant to cover some hybrid and electric vehicles (EVs) from China than cars from other countries, research suggests.While some drivers can save money by buying cars made in China, they may have more limited options to get insurance than those buying electric, hybrid and petrol cars from Europe, the US and South Korea. Continue reading...

• Chinese robotics startup Linkerbot has completed a Series B+ funding round, achieving a $3 billion valuation, according to a Reuters report covering the company's expansion in industrial robotics. • The funding round reflects strong investor appetite for advanced robotics solutions in Asia, where manufacturing automation and industrial AI applications are driving significant venture capital deployment. • Linkerbot's valuation milestone positions the startup among China's leading robotics firms, competing in the growing market for intelligent automation systems across manufacturing, logistics, and service sectors.

Case attracts widespread attention as example of China balancing enthusiastic adoption of AI with job securityA court in China has ruled in favour of a worker whose company replaced him with artificial intelligence (AI), awarding him more than £28,000 in compensation.The worker, whose surname is Zhou, joined a tech company in the eastern city of Hangzhou in 2022 to work as a quality assurance supervisor overseeing large language models used in AI products. Continue reading...

CEO admits talks with Chery as other European carmakers discuss plans with Chinese firms to share factory spaceNissan’s chief executive has confirmed he would consider building cars for other manufacturers at the UK’s largest car factory in Sunderland, amid talks with China’s Chery.Ivan Espinosa said Nissan was “looking at options” for Sunderland and its 6,000 workers as the struggling Japanese carmaker on Wednesday reported steep losses for the year to March. Continue reading...

• Oversea-Chinese Banking Corporation Limited (OCBC) held its Q1 2026 earnings call on May 8, 2026, presenting results to investors and analysts covering its Asia-Pacific operations. • The Singapore-based banking group discussed performance metrics and strategic initiatives during the investor update with media and analyst participation. • OCBC's results are closely watched for insights into regional banking sector health and economic conditions across Southeast Asia and Greater China.