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Phones used to generate fake orders for platform merchants operate simultaneously in February 2017 from an office in Hangzhou, East China’s Zhejiang province. Photo: Cheng Hui/IC Photo

In Depth: How Paying for Likes Is Becoming a Crime in China

‘Traffic boosting’ developed into a specialized industry serving the e-commerce and short-video economy. But cases that were once settled with civil claims are being punished under ‘illegal business operations’ as enforcement standards evolve

From left: Tian Chunming, Liu Hanwen and Jie Yang

Chinese Fugitives Allegedly Faked Jewish Ancestry to Gain German Citizenship

Der Spiegel investigation identifies more than 30 suspects in a scheme allegedly exploiting a German law designed to restore citizenship to descendants of Nazi victims

In Depth: Why Geely’s Founder Broke With Chinese Business Tradition for His Succession

By passing over family in favor of seasoned professional managers, Li Shufu aims to turn his carmaking empire into an enduring modern corporation

Hong Kong Securities and Futures Commission Chairman Kelvin Wong, right, outlines the regulator’s strategic priorities at a media briefing on Sept. 23, alongside Chief Executive Julia Leung, left. Photo: Wang Xiaoqing/Caixin

Hong Kong Watchdog Targets Mid-2027 for Direct Yuan Equity Trading

The plan to integrate the yuan counter into Southbound Stock Connect aims to dismantle currency barriers for onshore capital and solidify the city’s role as an offshore yuan hub

Analysis: China’s Outbound Investment Hits Record $214 Billion as Mega Deals Disappear

As cross-border takeovers plunge to a 17-year low amid Western regulatory walls, Chinese capital is pivoting to Asia to construct defensive, trade-linked supply chains

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Sep 11, 2026 03:46 PM
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Seazen is among the small minority of private Chinese developers that have avoided defaulting on public debt. Photo: VCG

Seazen Sells Rare 100 Million Yuan Unsecured Bond

The Shanghai-listed builder cleared a 100 million yuan tranche at 7.8%, marking a rare breakthrough for private firms largely locked out of credit markets since 2021

Sep 24, 2026 04:22 AM
Alibaba Cloud's first AI agent PC, Qwen Book, is unveiled at the 2026 Apsara Conference on Sept. 23. Photo: VCG

From Chips to Laptops: Alibaba Accelerates Full-Stack AI Ambitions

Armed with the new Zhenwu V900 chip and Qwen-powered hardware, the cloud titan aims to insulate its supply chain and capture surging enterprise demand

Sep 24, 2026 03:56 AM
A Li Auto store inside a shopping mall in Shanghai on Sept. 10, 2026. Photo: VCG

Li Auto Taps Sunwoda and CALB to Build In-House Batteries

The Chinese EV maker plans to switch entirely to proprietary cell designs after 2026, outsourcing production to curb costs and secure manufacturing data

Sep 23, 2026 10:11 PM

Business Brief (Sept. 23): China’s Top 500 Private Firms Unveiled

China discovers super-large copper-gold mine, panda bond issuance exceeds 200 billion yuan this year

Sep 23, 2026 06:31 PM
China Construction Bank (Asia) Corp. Ltd. Photo: VCG

Former China Construction Bank (Asia) Manager Jailed in Fraud Case

Former customer manager took more than $470,000 in cryptocurrency bribes to authenticate forged bank documents

Sep 23, 2026 05:15 PM
University students prepare for exams in a study room in Wuhan, China. Photo: VCG

China Restructures Higher Education to Serve Labor Market Demand

A sweeping state policy will classify schools into research, applied, or vocational tracks, abandoning a one-size-fits-all model that fueled wasteful competition for prestige

Sep 23, 2026 04:38 PM
Chinese Ambassador to the U.S. Xie Feng. Photo: Chen Mengtong/China News Service/VCG

Chinese Envoy Urges U.S. To Avoid AI ‘Star Wars’ Ahead of Xi Visit

China’s ambassador to Washington Xie Feng said the two powers should compete without pursuing decoupling or confrontation, while reiterating Beijing’s red lines on Taiwan, rights and its political system

Sep 23, 2026 01:51 PM
A humanoid robot demonstrates tea-making at the 14th China Information Technology Expo in Shenzhn on April 10, 2026. Photo: IC Photo

China’s Open-Source AI Could Narrow Global Income Gap, Economist Says

Prominent economist Justin Yifu Lin argues that China’s cost-effective, application-driven AI ecosystem will democratize technology

Sep 23, 2026 11:31 AM
Chinese President Xi Jinping holds a welcome ceremony for U.S. President Donald Trump at the plaza outside the east gate of the Great Hall of the People in Beijing on May 14, 2026. Photo: Xinhua

Commentary: U.S.-China Ties Show Signs of Stabilization, but Rivalry Endures

Renewed summit diplomacy may help Washington and Beijing manage their strategic competition, yet deeper structural tensions will continue to test both governments

Sep 23, 2026 11:21 AM
Hu Changsheng (left), Wu Xiaojun (center), Luo Dongchuan (right)

Beijing Reshuffles Provincial Party Chiefs in Western Regions

The coordinated appointments in Xizang, Gansu and Qinghai place experienced cadres in regions central to ethnic policy, ecological security and western development

Sep 23, 2026 10:24 AM
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CX Daily: Why Geely’s Founder Broke With Chinese Business Tradition for His Succession

By passing over family in favor of seasoned professional managers, Li Shufu aims to turn his carmaking empire into an enduring modern corporation

Sep 23, 2026 09:00 AM
Zou Yingguang.

Exclusive: Citic Securities Sets Leadership Transition as Veteran Chairman Retires

Zou Yingguang has been named Party chief, positioning the president to take over the board from Zhang Youjun after a transformative decade at China’s largest brokerage

Sep 23, 2026 04:28 AM
Paxini AI Technology is showcased at the Embodied AI Industry Expo in Guangzhou, Guangdong province, on Sept. 4, 2026. Photo: VCG

Embodied AI Startup Paxini Kicks Off Mainland IPO Bid Amid Sector Volatility

Backed by BYD and JD.com, the embodied AI startup enters the listing pipeline amid heightened scrutiny over robotics sector valuations

Sep 23, 2026 03:41 AM
Chinese workplace romance, The Early Spring, broke into the top 10 across 22 countries and territories, according to viewership figures released by Netflix in early September. Photo: IC

In Depth: Chinese TV Producers Rewrite the Script for Global Streaming

Faced with shrinking domestic margins and tighter oversight, studios and streamers are ditching fire sales to chase global hits, higher licensing fees, and local remakes

Sep 23, 2026 01:31 AM
Alibaba  chief executive Eddie Wu said machines are increasingly becoming a primary source of “thinking.” Photo: VCG

Alibaba Unveils New AI Chip as Cloud Infrastructure Push Deepens

CEO Eddie Wu said the company aims to expand global data-center capacity beyond 20 gigawatts by 2032 and is preparing a next-generation Qwen model with up to 10 trillion parameters

Sep 22, 2026 11:58 PM
An electronic board in the dealing room at Woori Bank's headquarters in Jung-gu, Seoul, shows the exchange rate of the South Korean won against the U.S. dollar and the closing prices of the KOSPI and KOSDAQ indexes on Sept. 18, 2026. Photo: IC Photo

BofA Projects $2 Trillion Memory Market by 2030 as Capital Shifts to Asia

Investors are rotating funds out of the U.S. and into Asian tech hubs as demand for AI hardware and power infrastructure accelerates regional economic expansion

Sep 22, 2026 11:01 PM



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