TikTok founder Zhang Yiming has become China’s richest man with a fortune of around $50bn (£38bn). The 41-year-old, dubbed the “King of Short Videos”, topped China’s Hurun Rich List for the first time with $49.3bn (£37.9bn). Mr. Yiming stepped down as CEO of ByteDance, TikTok’s parent company, in 2021. He is the 18th person to … Read more
In a strong performance at the Muki Hockey Training Base in Hulunbuer, China, the Pakistani hockey team advanced to the semi-finals of the 2024 Asian Hockey Champions Cup with a thumping 5-1 win over China on Thursday. From the start, Pakistan showed their dominance, quickly taking a 2-0 lead before half-time. The team intensified its … Read more
In a dominant performance, the Pakistani hockey team registered a convincing 5-1 win over China, securing their place in the semi-finals of the 2024 Asian Hockey Champions Cup. Nadeem Ahmed and Hanan Shahid were the stars of the match, as they each scored two goals to lead Pakistan to a comfortable victory. Abdul Rahman added … Read more
Foreign businesses’ direct investment into China last year increased by the lowest amount since the early 1990s, underscoring challenges for the nation as Beijing seeks more overseas funds to help its economy. China’s direct investment liabilities in its balance of payments stood at $33 billion last year, according to data from the State Administration of … Read more
A dealer counts US dollars at a money exchange market in Karachi, Pakistan on March 2, 2023. — AFP Deposit time for loan completes on March 23. China expected to rollover loan upon request. UAE also deferred loan deposits worth $2bn. After requesting the United Arab Emirates (UAE) to rollover $2 billion in loan for … Read more