Source:independent.co.ukThe billionaire founder of the Chinese smartphone giant Xiaomi has vowed to give a bonus worth ￡735m to charity.Lei Jun, current chairman of the Xiaomi, wants the money would go to “charitable purposes” after he was awarded the huge payout for longstanding “devotion” to his company.The ￡735.6m bonus – given in shares – was revealed in the company’s latest annual report on Wednesday. It is believed to be one of the biggest ever made to an executive anywhere in the

Source:scmp.comJapanese officials will hold talks with Beijing this weekend to demand more access to the Chinese market, and their case could be aided by pressure from US President Donald Trump.The delegation headed by Japanese Foreign Minister Taro Kono will meet China’s top diplomat, Wang Yi, for a high-level economic dialogue in Beijing on Sunday.A diplomatic source involved in planning the meeting said its timing could work in Tokyo’s favour. They said protracted trade talks with the US ha

Source:thestar.comA man in eastern China had three fingers severed by the line of his kite when it caught a gust of wind, mainland media reported.The man and a friend, both in their fifties, were both injured while flying a big kite in Nantong, in Jiangsu province, on Tuesday, Jiangsu TV reported.One lost three fingers on his right hand, while the friend’s right hand was almost cut in two by the line, the report said, without providing more details.The accident happened when the men were trying

Source:thestar.comTwo taxi drivers each had a bag stolen in the space of 45 minutes in Hong Kong’s Eastern district in the early hours of Friday, with one losing HK$2,500 (US$320).A police source said it was likely the crimes were linked given the similarity in methods. In both cases, one man asked the driver for directions while another snatched the bag. Both robbers were thought to be aged 20.The first incident happened at 2.09am when a taxi stopped outside Walton Estate in Chai Wan Road, Cha

Source:reuters.comAlibaba Group founder and billionaire Jack Ma has defended the grueling overtime work culture at many of China’s tech companies, calling it a “huge blessing” for young workers.The e-commerce magnate weighed into a debate about work-life balance and the overtime hours demanded by some companies as the sector slows after years of breakneck growth.In a speech to Alibaba employees, Ma defended the industry’s ‘996’ work schedule, which refers to the 9 a.m. to 9 p.m. workday, s

Source:scmp.comOn a hazy late March afternoon, Shanghai’s deputy transport commissioner announced that China’s largest commercial hub would slash handling fees and harbour dues for the second year in a row, easing the financial burden on trading companies caught by slumping commerce because of the US-China trade war.Up to 300 million yuan worth of service feeds, loading and discharging charges and dues for Shanghai’s port and tugboats would be cut this year, adding to the 2 billion yuan (US$2

Source:thestar.comA doctor at a public hospital was found to have kept hundreds of nude photos of male patients on his phone, after being arrested for allegedly taking pictures of a male nurse in the shower, a police source said on Wednesday.Investigators found hundreds of the images of patients from Caritas Medical Centre in Cheung Sha Wan, where the 25-year-old previously worked, according to the source. At least two patients, both in their 20s, were identified.The doctor, who trained at the U

Source:scmp.comChina’s Great Firewall, erected over the past 15 years to restrict domestic access to the internet, may be a bigger problem than concerns over the spread of China’s 5G technology, according to a US venture capital investor.Fears that networking equipment manufactured by China’s national champion Huawei Technologies could offer Beijing a back door to spy on computer networks may not be as big a deal as China’s Great Firewall effectively dictating how devices connected via this

Source:theoutline.comTHE SCHOOLCHILDREN started to vomit. Some fell unconscious and were whisked into hospital. Angry parents demanded an explanation. The food-poisoning scandal quickly lit up Chinese social media. A kindergarten teacher in the central province of Henan was detained—accused of adding sodium nitrite, which can be toxic in large doses, to the meal boxes of at least 23 pupils late last month.Most comments online have focused on the evil of the act and have expressed sympathy for t

Source:smh.comIn recent years, China's millennials have resorted to innovative financial products to accumulate wealth. Jack Ma's Ant Financial Services Group, for instance, offers Yu'e Bao, a money-market fund, to anyone with a dollar to save. And those with a bigger appetite for risk can lend on peer-to-peer platforms.Everyone knows that depositing money into traditional savings accounts is a losing game – the paltry 1.5 per cent isn't even enough to cover inflation. And while