Ukrainian President Zelenskiy said Ukraine will respond to Russia's large-scale attack and that the response will employ long-range strikes.

On Aug. 20 six Shanghai municipal departments jointly issued a notice, effective Aug. 21, 2026, loosening rules on housing provident fund withdrawals for home purchases. Eligible depositors who have purchased housing in the city and either do not have a housing provident fund personal mortgage in the city or have not used the fund to offset mortgage repayments may withdraw for home-purchase purposes once per calendar year (previously once within five years from property-right certificate issuance); the withdrawal amount is limited to no more than the portion of the purchase price paid with the depositor’s own funds.

Alibaba (09988.HK) reported FY2027 Q1 revenue of 269.0 billion yuan, up from 247.652 billion yuan a year earlier.