Caixin

In Depth: Can China Overtake U.S. to Become World’s Top Consumer?

China’s 1.4 billion people are already top buyers of cars and smartphones, but they will have to start spending a lot more on services for the country to be No. 1

Beijing to Big Tech: Stop Breaking the Law Within One Month or Else

China’s market regulator, cyberspace and tax agencies hauled in 34 tech firms for a dressing down Tuesday

Shanghai Fines English-Language Takeout Platform for Monopoly on Feeding Foreigners

Sherpas was found to have abused its dominance to force restaurants into signing exclusivity agreements

Photo Essay: The Bitter Taste of Yunnan Coffee

In China’s dominant coffee-growing region, bleak market conditions force growers to cut cultivation even as China’s coffee culture booms; To survive, some growers are moving up-market

Sinovac Covid Shot 50.7% Effective, Brazilian Paper Shows

The release of the study marks the first time that a Chinese-made vaccine’s late-stage trial results have been published

Apr 13, 2021 08:42 PM

PBOC Q&A: What Regulators Want From Ant Group

Fintech giant was told to face up to the severe problems in its financial businesses, meet regulatory requirements and adhere to the principle of serving the real economy

Apr 13, 2021 08:17 PM

U.S.-Blacklisted Ofilm Finds Buyers for Its Camera Unit

Semiconductor-maker Wingtech and home appliance giant Gree have agreed to acquire the subsidiary through a new joint venture

Apr 13, 2021 07:50 PM

Update: Huawei to Invest $1 Billion on Car Tech to Offset Impact of U.S. Sanctions

The Chinese telecommunications-gear maker says it will focus this year on software research and technologies related to electric vehicles in an effort to move into new growth areas

Apr 13, 2021 07:44 PM

The Caixin-Sinica Business Brief: Behind Alibaba’s Record-Breaking Fine

Plus, the U.S. Senate calls for a policy of ‘strategic competition’ with China; Visa and ecommerce giant JD.com agree to launch an online merchant subsidies program; and Inner Mongolia sets the stage to cut the region’s production capacity of steel, coking coal, and ferro-alloys

Apr 13, 2021 07:15 PM

Caixin China Biz Roundup: Top Health Official Downplays ‘Low Efficacy’ Chinese Vaccine Comments

In today’s episode: The head of China CDC says his previous remarks about domestic Covid jabs were taken out of context; embattled video streaming site Leshi and its runaway founder have been punished for financial fraud; and Ant Group to restructure itself into a financial holding company as the state tightens scrutiny over the sprawling fintech industry

Apr 13, 2021 07:03 PM

China Drone Giant Shows Its Hand With Plan to Appear at Shanghai Auto Show

DJI announces it will take part in the event for the first time in what is expected to be a coming-out party for its automotive arm

Apr 13, 2021 06:43 PM

Hong Kong to Relax Restrictions on Travel From Mainland in Mid-May

Mainland residents will be able to enter the special administrative region without being quarantined or presenting a vaccination certificate

Apr 13, 2021 06:34 PM

Gallery: Just How Much Wastewater Is There at Fukushima?

Japan has announced plans to release 1.23 million tons of wastewater from Fukushima Daiichi Nuclear Power Plant into the Pacific Ocean, drawing opposition both from home and abroad. The government had initially hoped to make the call in October, but postponed the decision due to concerns about the impact to marine life

Apr 13, 2021 06:00 PM

China Removes Barriers to Permanent Residency for Migrant Workers in Smaller Cities

Criteria for points-based residency application will include social security payments and length of stay

Apr 13, 2021 03:56 PM

Myanmar Junta Reaps Millions in Gem Sales as Economy Crumbles

New data highlights potential for country to slide even deeper into poverty

Apr 13, 2021 03:29 PM

Jack Ma’s Fortune Jumps $2 Billion After Record Alibaba Fine

E-commerce giant’s American depositary receipts climbed 9.3% on Monday in New York, their biggest jump in almost four years

Apr 13, 2021 03:24 PM

Trip.com Plans Hong Kong Listing at HK$268 a Share

The price represents a discount of about 2% on the company’s Monday close of $35.20 on the Nasdaq

Apr 13, 2021 03:22 PM

Evergrande Fails ‘Three Red Lines’ Test as Peers Improve

Major property developer remained in breach of all key measures for debt levels at the end of last year

Apr 13, 2021 03:19 PM

Shanghai Composite Index Fell 0.48% on Tuesday

Shenzhen Component Index closed up 0.24%

Apr 13, 2021 03:03 PM
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