Coastal Chinese province, powerhouse of the Pearl River Delta
OnePlus has announced it will stop launching new phones in Europe and North America and will focus new device rollouts on India and China. The parent company Oppo has begun a corporate restructuring as memory-chip shortages and rising component costs have cut demand for budget phones and pushed manufacturers to prioritise AI-oriented high-bandwidth memory.
Nearly 1 million investors have lost about $3.81 billion by late June buying Trump’s memecoin, per Nansen and Reuters analyses. Trump’s disclosure shows a $636 million crypto payout, part of at least $2.2 billion in 2025 earnings. The coin’s value is now near-zero as promoters push more blockchain ventures amid a surging crypto sector.
Tropical Storm Maysak has strengthened and moved inland, triggering floods across Guangxi and neighbouring provinces. Authorities report deaths and widespread evacuations as reservoirs and river embankments exceed warning levels. Rescue operations are ongoing as the region braces for more heavy rain and potential further flooding.
Bloomberg and The Guardian collate evidence suggesting a close, controversial link between the Trump family’s crypto ventures and private financier Justin Sun, prompting lawsuits and calls for more transparency.
UBTech has unveiled the U1, a hyper-realistic humanoid robot intended to combat loneliness among singles and the elderly. The robot features emotional AI, camera eyes for stress detection, and comes in male and female versions. It is positioned for mass production with significant pre-orders, signaling China’s push to elevate robotics as a core industry.
China's anti-corruption drive has extended to the coal sector, with a Shanxi mine official under investigation as authorities broaden inspections following May's deadly blast. Reports say the probe targets discipline and law violations, underscoring ongoing reforms in the province's heavy industry.
China’s anti-corruption drive has purged senior officials, including a Politburo member, highlighting efforts to enforce loyalty and clamp down on corruption within the CCP. The latest expulsions follow investigations announced earlier in the year; authorities describe the actions as part of maintaining discipline in a top-down system.
Typhoon Noul has made landfall along the Guangdong coast and is driving strong winds and heavy rain across southern China, prompting mass evacuations, flight cancellations, and power disruptions as authorities monitor its path toward inland regions.
Noul has made landfall in southern China, driving strong winds and heavy rain. Hong Kong cancels hundreds of flights and thousands are displaced as authorities mobilize flood defenses and relief funds.
Typhoon Dolphin has weakened inland but continues to cause extreme rainfall and floods across Zhejiang, Shanghai and Fujian. Authorities have evacuated hundreds of thousands, canceled thousands of flights, and closed major attractions as the storm moves westward.
Dolphin has made landfall near Yuhuan, Zhejiang, bringing winds of 151 km/h and torrential rain. The storm has prompted mass evacuations, flight cancellations, and widespread transport disruptions as authorities warn of prolonged rainfall and flood risk across eastern China.
A Shenzhen court has sentenced Evergrande founder Hui Ka Yan to life in prison and ordered confiscation of his assets, while a Guangzhou court has accepted bankruptcy liquidation for Evergrande’s mainland property unit. Courts have fined Evergrande and its unit about 15.8 billion yuan, and dozens of executives have also received prison terms.
Shein has floated on the Hong Kong stock exchange at HK$48.56 a share, valuing the company at about US$26.3bn and raising roughly HK$13.6bn. Shares plunged as much as 10% on open before recovering to close marginally below the offer price. The IPO follows failed plans to list in New York and London and rising trade and regulatory costs that have squeezed margins.
Shein's Hong Kong listing is priced lower than hoped, valuing the company around $26.3 billion. Trading began shakily, with early losses narrowing as markets digest regulatory twists, tax changes, and weak consumer sentiment that have weighed on the fast-fashion group after a rapid ascent.
Heavy rains triggered by Typhoon Saudel have killed at least 14 people across three towns in Suichuan County, Jiangxi, with a mudslide in Gaoping town accounting for most fatalities. Over 18,000 residents have been evacuated. Additional deaths have occurred in Hunan province as the storm stalks inland after making landfall along Zhejiang and Fujian.