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December 31, 2024
 

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Julie Zhu
PwC is considering slashing up to half its financial services auditing staff in China and about 20% of its staff in other auditing teams and nonauditing business lines.
BUSINESS / Companies
Jul 17, 2024
PwC weighs halving of China financial services audit staff, say sources
The firm has 781 partners and nearly 19,000 employees in mainland China as of last September.
A woman cycles past the Beijing Stock Exchange building on Feb. 8.
BUSINESS / Markets
Jun 3, 2024
Red tape clogs China's offshore IPO pipeline even as markets recover
China company executives and their investors said they expect the offshore IPO drought to continue this year, weighing on firms' ability to raise capital in a slowing economy.
TikTok accounts for a small share of ByteDance's total revenues and daily active users, so the parent would rather have the app shut down in the U.S. in a worst-case scenario than sell it to a potential American buyer, sources said.
BUSINESS / Tech
Apr 26, 2024
ByteDance prefers TikTok shutdown in U.S. if legal options fail, sources say
A shutdown would have limited impact on its business, and it would not have to give up its "secret sauce" — the algorithm that pushes videos to users.
Chinese civil servants and employees of state-linked enterprises are facing tighter constraints on private travel abroad and scrutiny of their foreign connections.
ASIA PACIFIC / Politics
Oct 17, 2023
China tightens curbs on foreign travel by bankers and state workers
Individuals' accounts varied but were consistent in describing heightened scrutiny of overseas travel even after China reopened borders in January.
People visit Semicon China, a trade fair for semiconductor technology, in Shanghai in 2021
BUSINESS
Aug 24, 2023
China quietly hires overseas chip talent as U.S. tightens curbs
The revamped recruitment drive is said to offer perks including home-purchase subsidies and typical signing bonuses of $420,000 to $700,000.
Japan Times
BUSINESS
Jul 7, 2023
China ends Ant Group's regulatory revamp with fine of nearly $1 billion
The penalty, one of the largest ever fines for an internet company in the country, will help pave the way for the fintech firm to secure a financial holding company license.
Japan Times
BUSINESS
Dec 14, 2022
China readying $143 billion package for its chip firms in face of U.S. curbs
The plan marks a major step toward self-sufficiency in chips and looks to counter U.S. moves aimed at slowing its technological advances.
Japan Times
BUSINESS
Feb 1, 2022
Dashed dreams for China Evergrande's showpiece resort island
Officials in Danzhou city have ordered 39 of Ocean Flower Island's towers to be demolished over environmental and construction violations.
Japan Times
ASIA PACIFIC
Nov 5, 2021
Jack Ma, Trump and Xi: How a Chinese billionaire flew close to the sun
The story of the billionaire e-commerce tycoon's fall from official favor helps illustrate how rapidly China has transformed under Xi Jinping.
Japan Times
BUSINESS / Companies
Oct 2, 2020
Secrecy and speed: Inside Ant Group’s unusual IPO process
The fintech giant is following a highly unusual process that draws on some of the tactics its former parent and affiliate Alibaba Group has previously used.
Japan Times
BUSINESS
Sep 27, 2018
As China builds biotech sector, cash floods U.S. startups
For three whirlwind days in June, U.S. scientist Zhi Hong went shopping at the Boston Bio Conference to find drugs to fill the pipeline of his 2-week-old drug company.
Ukraine risks losing all Russian land it seized within months, U.S. says
Ukrainian soldiers carry the coffins of three comrades killed in recent fighting in eastern Ukraine during their funeral in the western city of Lviv on Dec. 20.
Japanese Princess Kako turns 30
As an adult member of the Imperial Family, Princess Kako has performed various official duties at home and abroad this year.
South Korea's worst plane crash in decades leaves 179 dead
Rescue personnel are seen near the tail section of a Jeju Air Boeing 737-800 series aircraft after the plane crashed and burst into flames at Muan International Airport in Muan, South Korea, on Sunday.
U.S. military coordination unit eyed in central Tokyo
A Self-Defense Forces soldier from a Patriot Advanced Capability-3 missile unit takes part in a drill at Yokota Air Base in Fussa, western Tokyo, in August 2017.
Shohei Ohtani ends blockbuster year with baby announcement
Dodgers star Shohei Ohtani and his wife, Mamiko Tanaka, attend a Lakers game in Los Angeles on Dec. 8.
Japan’s weather in 2024: Record temperatures hurt people’s health and wallets
People cover themselves with umbrellas during a hot summer day in Tokyo's Ginza district in August. Temperatures shot up in early July, even before the official end of the rainy season, and the high temperatures persisted well into the fall.
How Hokkaido quietly became a culinary treasure trove in 2024
The central Hokkaido city of Asahikawa made headlines this year when one of its suburbs was named as the best place to live in Japan — a ranking earned in part due to the community's many outstanding restaurants and cafes.
Bling-Bang, baby: The J-pop soundtrack of 2024
Hip-hop duo Creepy Nuts' uptempo “Bling-Bang-Bang-Born” quickly became a TikTok favorite after its release days into 2024, which helped turn the song into a Billboard Japan Hot 100 topper for 19 weeks before rising up viral streaming charts around the world.
Shohei Ohtani ends blockbuster year with baby announcement
Dodgers star Shohei Ohtani and his wife, Mamiko Tanaka, attend a Lakers game in Los Angeles on Dec. 8.
Flu cases surge above ‘warning’ levels in much of Japan
Authorities are calling for utmost vigilance as Japan heads into the New Year holiday season, when many people plan getaways.

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
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Longform

Members of the Wajima City Morning Market Association pose for a group photograph on the site where the market once stood.
In the wake of disaster, the revival of Wajima's market brings hope
By Alex K.T. Martin

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