Caixin
TOP STORIES
picture

In Depth: AI Distillation in China Leaves U.S. Tech Giants at Odds

OpenAI and Anthropic are urging Washington to act against what they see as copying the capabilities of their models, even as Nvidia, Meta and Microsoft argue that the method is an essential tool for innovation

Driven by blockchain technology and geopolitical change, global and regional financial hubs are pairing physical gold storage with digital infrastructure.

In Depth: As Gold Goes Digital, Hong Kong Vies for London’s Crown

Driven by blockchain technology and geopolitical change, global and regional financial hubs are pairing physical storage with digital infrastructure in a challenge to the city’s long-standing dominance of the worldwide market for the precious metal

China’s Online Lenders See Profits Plunge as New Rules Bite

Stricter regulations on interest rates and bank partnerships have decimated the traditional business models of publicly traded consumer-lending platforms

In Depth: How China’s Nickel Boom Left One Village Sitting Next to a Mountain of Slag

A 12-story heap of smelting byproduct has become a glaring symbol of the deficiencies in the country’s industrial waste recycling system, driven by a real estate slump, lax local enforcement and a bitter dispute over construction safety standards

INSIGHT
Aug 28, 2026 03:48 PM
00:00/00:00
MORE
2025 Nobel laureate in economics Philippe Aghion delivers a video speech at the opening ceremony of the 2026 Inclusion Conference on the Bund on Thursday. Photo: Inclusion Conference on the Bund

Tech Monopolies Could Blunt AI’s Economic Gains, Warns Nobel Laureate Aghion

Nobel economist Philippe Aghion says governments must address monopolistic tendencies to fully realize AI’s productivity benefits

Sep 10, 2026 06:47 PM
The average review period for IPOs on the Shanghai and Shenzhen stock exchanges has been shortened to about six months. Photo: VCG

China Aims to Make Local Exchanges the Top Choice for Quality Companies

The securities regulator will introduce more inclusive rules for share issuances, listings and M&A, Vice Chairman Li Chao says

Sep 10, 2026 06:16 PM
picture

Hong Kong’s Corruption Watchdog Charges Ex-Alipay Employees With Contract Fraud

The Independent Commission Against Corruption accuses two former employees of Alipay Payment Services of abusing their positions to secure an app development deal for a company controlled by their wives

Sep 10, 2026 06:10 PM
picture

China Speeds Up Drug Price Talks as Commercial Insurance Fast-Track Loses Steam

Pharmaceutical companies face tightened scrutiny and a cooling commercial insurance track as Beijing seeks to balance medical innovation with fund sustainability

Sep 10, 2026 10:31 AM
Sun Shaocheng

China Expels Former Inner Mongolia Party Chief Over Corruption

Sun Shaocheng, who also served as China’s first minister of veterans affairs, faces criminal charges for alleged bribery, nepotism and superstitious practices

Sep 10, 2026 09:46 AM
picture

CX Daily: AI Anxiety in China Fuels a Gold Rush in Job Training

Workers are spending big on AI bootcamps as companies raise the bar for technical and professional skills

Sep 10, 2026 09:00 AM
China’s move to encourage completed-home sales marks a significant shift for the property sector. Photo: VCG

China’s Shift to Completed-Home Sales Cools Land Market

A push toward completed-home sales is reshaping developers’ investment decisions, cooling land auctions and complicating revenue prospects for local governments long reliant on land finance

Sep 10, 2026 03:11 AM
The most-traded London copper futures contract traded at around $14,680 per ton on Sept. 9. Photo: VCG

Copper Near Record High as U.S. Tariff Fears and AI Demand Tighten Market

London copper briefly touched an all-time high of $14,780 a ton as traders rushed supplies into the U.S. ahead of possible tariffs and investors bet that AI, electrification and grid expansion will keep demand rising

Sep 10, 2026 01:26 AM
Haidilao shares fell 9.1% after an offshore family trust linked to the founding family sold a 4.65% stake for HK$2.75 billion. Photo: VCG

Haidilao Shares Slide After Founders’ Family Trust Sells $351 Million Stake

Block trade by an offshore trust linked to chairman Zhang Yong’s family surprised investors and raised questions about whether China’s new offshore-trust tax rules played a role

Sep 10, 2026 12:53 AM
Arm has secured Lenovo and ByteDance’s Volcano Engine as its first Chinese clients for a self-developed AGI CPU. Photo: ARM

Arm Lands Lenovo, ByteDance Unit as First China Customers for AGI Chip

British chip designer Arm is pushing beyond licensing into full chip sales, betting its new AGI CPU can win a larger role in China’s expanding data-center market for agentic AI

Sep 10, 2026 12:29 AM
picture

JD.com Unveils AI Logistics Push With 100,000-Chip Cluster, Millions of Robots

The retailer is partnering with Moore Threads for domestic computing power and plans to buy 3 million robots over five years to automate its supply chain

Sep 09, 2026 11:30 PM
HYROX, a fitness race founded in Germany by veteran endurance-sports organizer Christian Toetzke and former German hockey player Moritz Fürste. Photo: VCG

Infront Sells Majority Stake in HYROX to L Catterton-Led Group

Deal returns control to HYROX’s founders as the fitness-racing brand rides rapid global growth and surging demand on the Chinese mainland

Sep 09, 2026 10:16 PM
picture

China Inflation Accelerates on Global Energy Prices

Energy costs push consumer prices higher as factory-gate inflation beats forecasts

Sep 09, 2026 08:27 PM
Photo: VCG

China’s Passenger Car Sales Slump 24% in August

Monthly sharp decline puts a full-year contraction nearly inescapable even as automakers intensify promotions

Sep 09, 2026 07:10 PM
Yang Zhilin, the 33-year-old founder of Chinese AI startup Moonshot AI. Photo: IC photo

In Profile: The Rock Music Aficionado Behind China’s Moonshot AI

Yang Zhilin, 33, has led the Kimi model developer to a $50 billion valuation by combining an artistic sensibility with cutting-edge tech, but past shareholder disputes and fierce competition loom over its upcoming public debut

Sep 09, 2026 06:27 PM
Dutch racer Loek Hartog uses a fire extinguisher on Millroy’s Ferrari as a blaze rages.

China GT Boycotted After Fiery Crash

Racing teams announce withdrawal from the event after a delayed rescue during a multicar crash exposed severe shortcomings in emergency procedures

Sep 09, 2026 05:23 PM



NEWSLETTERS
Get our CX Daily and weekly Must-Read newsletters delivered free to your inbox, bringing you China’s top headlines.
Read more >>

We ‘ve added you to our subscriber list.

Manage subscription
Download Caixin App by

Scan & Download Caixin App

  • Available on App Store
  • Get Android APP

Follow Us

This website is using cookies.
We use them to give you the best experience. If you continue using our website, we'll assume that you agree to receive all cookies on this website. Learn more