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President Trump made the offer to Xi Jinping, China’s leader, said David Perdue, the ambassador to China. The White House later said the U.S. had no plans for such a sale.

Two of the country’s leading makers of electric vehicles announced they are merging their battery swapping and charging operations.

Chinese chip foundry CanSemi Technology’s Shenzhen initial public offering (IPO) is emerging as one of mainland China’s most sought-after tech listings this year, as investors bet on its push into silicon photonics and its role in domestic artificial intelligence infrastructure. The Guangzhou-based company’s retail tranche was oversubscribed by more than 2,300 times after clawback, according to a stock exchange filing late on Sunday, as investors scrambled for a piece of the domestic...

A Thai man who zipped a jet ski across flooded Bangkok streets received a suspended jail sentence on Monday for causing a public nuisance after he used the capital – where tens of thousands of households remain submerged – as a backdrop for social media content. The stunt, widely shared on social media on Sunday evening, became a conduit for public anger over both the handling of the flood response and how climate calamities are experienced unevenly in the capital of one of Asia’s least equal...

India’s Supreme Court on ⁠Monday pushed for ⁠accountability over a recent spate of rape cases in the national capital and neighbouring districts, saying they reflected a “failure of law enforcement”, local media reported. Hundreds of students protested in Delhi last week demanding better safety for women after a teenager said she was gang-raped by three men at a city park. Protesters, most of them female, held placards and shouted slogans while marching near the crime scene. “Our body is our...

Migrant rights advocates have hailed the release of Filipino trafficking victim Mary Jane Veloso after 16 years in detention as a victorious milestone, but warn that her case exposes the dangers that still confront many vulnerable workers overseas. After coming harrowingly close to being executed years ago in Indonesia, Veloso walked free on Friday night from the Correctional Institution for Women in Mandaluyong City, grateful for the absolute pardon granted by Philippine President Ferdinand...

ByteDance accounts for roughly one-fifth of China’s delivered data centre capacity, making the TikTok owner the country’s largest tenant and a main driver of its artificial intelligence buildout, according to new estimates by research firm SemiAnalysis. The estimate comes from the firm’s tracking of more than 1,000 facilities in China operated by over 60 companies. ByteDance rents nearly all of its data centre footprint, SemiAnalysis said. Its AI products include Doubao, an assistant that...

China’s top intelligence and security agency on Monday issued a stark new warning on the risks of cryptocurrencies, highlighting their role in crime and stressing that transactions are not anonymous. Here are three things to know about the fresh warning from the Ministry of State Security (MSS) and China’s latest stance on virtual assets. What did the ministry say about cryptocurrencies? Virtual currencies facilitated money laundering activities and cyberattacks, and served as “accomplices” in...

An escalating diplomatic row over Ukraine’s disclosure of a North Korean prisoner-of-war transfer is threatening to jeopardise South Korea’s future ties with and support for Kyiv, analysts say, even as it hands fresh ammunition to the political opposition in Seoul. South Korea’s presidential official issued a statement late on Sunday demanding an official explanation and apology for Ukrainian President Volodymyr Zelensky’s disclosure about the POWs at last week’s UN General Assembly. Seoul said...

A male named Ping Ping and a female named Fu Shuang landed on Sunday, days after China’s leader said he would dispatch “envoys of friendship” to the United States.

Tokyo on Monday rebuked Russian Foreign Minister Sergey Lavrov after he voiced opposition over the weekend to Japan’s drive for permanent membership of the UN Security Council, claiming the country was on a “path of militarisation”. Lavrov’s comments came as the security council, tasked with safeguarding peace, is facing calls for reform amid accusations it failed to prevent recent conflicts such as Russia’s invasion of Ukraine, due largely to the veto power of its five permanent members:...

Mainland Chinese stocks fell to their lowest level in 13 months on Monday as the sell-off in technology shares intensified amid concerns that elevated global capital costs and surging oil prices would curb risk appetite. Markets opened the week on a sombre note, with the CSI 300 Index dropping 2.2 per cent to close at a level not seen since August 21 last year. The chip-heavy Star Market 50 index tumbled 4.1 per cent, capping its steepest single-day decline in five weeks and closing in on the...