Caixin Global

1 day ago | caixinglobal.com | Zhu Liangtao |Ding Feng |Denise Jia

00:00/00:00 您的浏览器不支持 audio 标签。 Listen to this article 1x Citigroup is to slash 3,500 technology jobs in China, a sweeping move that has drawn renewed attention to the retreat of foreign financial institutions from the world’s second-largest economy. In a statement released Thursday, the American investment bank said it would streamline its global technology solutions centers in Shanghai and Dalian, cutting staff before the fourth quarter of 2025.

2 days ago | caixinglobal.com | Wang Heyan |Shan Yuxiao |Han Wei

00:00/00:00 您的浏览器不支持 audio 标签。 Listen to this article 1x A seismic scandal has rocked Beijing’s judicial system, exposing cracks in the internal management of court-controlled funds and vulnerabilities in oversights.

2 days ago | caixinglobal.com | Lu Yutong |Han Wei

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2 days ago | caixinglobal.com | Lu Yutong |Han Wei

00:00/00:00 您的浏览器不支持 audio 标签。 Listen to this article 1x AESC, the battery subsidiary of Shanghai-based green tech company Envision Group, has started production at its plant in Douai, France, an important milestone in the company’s European expansion. The facility, inaugurated on June 3, has an initial annual production capacity of 10 gigawatt-hour (GWh) — sufficient to power 200,000 electric vehicles (EVs).

3 days ago | caixinglobal.com | Wang Xiaoqing |Denise Jia

00:00/00:00 您的浏览器不支持 audio 标签。 Listen to this article 1x China Everbright Ltd.’s stock surged after renewed enthusiasm for stablecoins, as investors reacted to the rising valuation of Circle’s initial public offering (IPO) and policy tailwinds in both the United States and Hong Kong — 10 years after Everbright’s early bet on the USDC issuer.