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In Depth: Rising Costs for Pinduoduo to Maintain Growth

Fast-growing budget shopping platform faces rising competition, regulatory scrutiny, and legal disputes, as it aims to sustain the rapid growth that investors love

TuSimple Stock Stays Flat in Debut After Pricing Above Expected Range

Self-driving truck maker closes at its IPO price after dipping nearly 20% intraday

Apr 16, 2021 04:08 AM

Giant Pharma Yangtze River Fined $117 Million in Antitrust Crackdown

Regulator accuses company of fixing drug prices with retailers to force out competitors

Apr 16, 2021 12:14 AM

Geely Targets Big Tech With Its New Electric-Car Unit

Zeekr’s combination of technology and car-making experience will give it an edge over rivals, president says

Apr 15, 2021 11:15 PM

Hong Kong Widens Vaccine Access to Residents Ages 16 And Up

Authorities try to boost low inoculation rate with BioNTech, Sinovac shots; whole adult population will now be eligible

Apr 15, 2021 11:09 PM

Global Aluminum Prices Driven Up by Prospect of Shorter China Supply and High Demand

The country’s appetite for commodities and its ambitions to limit emissions have sent prices to their highest point in years

Apr 15, 2021 08:45 PM

President Xi to Attend Trilateral Climate Summit with France, Germany

The announcement comes as U.S. President Joe Biden’s climate envoy John Kerry meets his counterpart Xie Zhenhua in Shanghai for talks on global warming and the U.N. climate conference later this year

Apr 15, 2021 08:01 PM

Chinese Universities Change Tack After Tech Programs Fail to Lure Students

Three dozen top schools issue new enrollment guidelines after poor response to pilot program to cultivate talent for key industries

Apr 15, 2021 07:44 PM

Blog: The Worker Who Battled to Get His ‘Dust Lung’ Diagnosis Recognized, and His Two-Faced Guardian Angel

Zhang Haichao won a six-figure settlement after a years-long fight to prove that that he had a lung disease that he could only have acquired through his work

Apr 15, 2021 07:20 PM

Trucker Slashes Own Wrist After Being Stopped for Overweight Load

The act by a driver from Shandong casts a spotlight on the difficult conditions faced by China’s legions of long-distance truckers

Apr 15, 2021 07:10 PM

Trio of Top Officials at State Steel Firm Fall Under Graft Probe

The news comes just months after Kunming Iron and Steel was merged into steelmaking giant China Baowu Steel Group

Apr 15, 2021 07:00 PM

Tencent Music Chairman Resigns Amid China’s Anti-Monopoly Crackdown

Tong Tao Sang’s departure comes a year after the market regulator reportedly dropped a probe against the company for anti-competitive behavior

Apr 15, 2021 06:57 PM

Caixin China Biz Roundup: The Rise and Fall of China’s Patent Titan

In today’s episode: suspected of illegal public fundraising, Huijiu is now fighting for survival; WeRide to test its autonomous vehicles in California; and the bank accounts of hundreds of small businesses have been frozen as the country clamps down on telecom fraud and online gambling

Apr 15, 2021 06:03 PM

Fisher: Why Westerners Are Wrong About China’s Debt — Again

Defaults are a part of healthy, thriving free markets. China’s are a sign of progress — not danger

Apr 15, 2021 05:38 PM

TSMC Boosts Capacity, Sales Targets as Chip Crunch Persists

The world’s largest contract chipmaker says its auto industry clients can’t expect chip shortages to ease until next quarter

Apr 15, 2021 04:45 PM

China to Stress Test All 4,024 of Its Banks

The examinations aim to help identify high-risk lenders and systemic risks, a central bank publication says

Apr 15, 2021 04:41 PM
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