Bloomberg Business

Australia Confirms Chinese Firm’s Port Lease as Relations Thaw

Australia said that a Chinese firm can continue to lease the port of Darwin in the north of the country, the latest sign of the thaw in bilateral relations ahead of the expected visit to Beijing by Prime Minister Anthony Albanese.

Evergrande Revises Restructuring Plan Before Liquidation Hearing

China Evergrande Group is revising the terms of its proposed restructuring plan and canceled so-called scheme sanction hearings, it said in a filing, adding further uncertainty to what would be one of the nation’s biggest ever restructurings.

AI, Future of Food, Hollywood Stars Light Up First SXSW Sydney

Oscar-winning actress Nicole Kidman, futurist Amy Webb and Tesla Inc. Chair Robyn Denholm were among the big drawcards at this week’s inaugural South by Southwest Sydney, the first time the sprawling tech, music and film festival has been held outside North America.

Alibaba, Tencent Join $340 Million Funding for AI Startup Zhipu

Alibaba Group Holding Ltd. and Tencent Holdings Ltd. are among the influential Chinese investors that invested 2.5 billion yuan ($342 million) in AI startup Zhipu this year, part of a wave of capital flowing into a red-hot arena.

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