Caixin Global - Latest Business and Financial News on China, U.S. Trade War and Negotiations, Breaking News, Headlines and Developments

TOP STORIES

: Five Things to Know About China’s Scandal-Struck Chip Industry ‘Big Fund’
How the multibillion-dollar industrial incubator supported the government’s plan to make China a self-sufficient semiconductor powerhouse

: China’s Tsingshan Looms Over Tesla’s $5 Billion in Indonesian Nickel Deals
The EV-maker signed the deals with nickel processing firms operating out of an industrial park where the Chinese metals heavyweight holds a lot of sway

In Depth: How a Hotly Pursued VR Startup Came to China, and Imploded

Courted by local governments, Weijian Technology’s founders had a vision to take their innovations from Silicon Valley to the Chinese market. But legal troubles turned that dream into a nightmare

: Beijing and Seoul Have ‘Properly Handled’ Dispute Over U.S. Missile Defense System
Chinese spokesperson says the THAAD issue has been dealt with based on ‘mutual understanding’

Opinion: The Two Weaknesses of China’s Economy

It will be difficult for the country to hit its annual growth target with consumer spending still sluggish and the real estate market in the doldrums

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Caixin China Biz Roundup: Alibaba’s Mass Job Cuts

Aug 10, 2022 05:24 PM

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LATEST NEWS

: Gallery: Bike-Sharing Peddlers Hike Prices
Meituan’s bike rental service, formerly known as Mobike, has raised its seven-day membership fee from 10 yuan to 15 yuan. Companies in China’s bike-sharing market, which has experienced a dramatic rise and fall since 2016, are raising rates as they struggle to survive in the face of rapid capital expansion costs and cutthroat competition
Aug 10, 2022 08:31 PM

: China’s Duty-Free Giant Readies Jumbo Hong Kong IPO
State-backed China Tourism Group Duty Free Corp. has returned after pulling an initial attempt late last year
Aug 10, 2022 08:19 PM

: Hong Kong to Shorten Quarantine for Mainland Travelers
From Friday, arrivals from the mainland will need to go through three days of mandatory home isolation instead of seven, though the city still isn’t granting individual tourist visas to them
Aug 10, 2022 06:27 PM

: Gallery: Camping Out to Avoid Quarantine
Tourists who found themselves in “high-risk” areas in Northwest China’s Xinjiang region choose to camp at highway rest areas for a week to avoid centralized quarantine. According to the country’s latest disease control plan, anyone who has been to a high-risk area in the previous week is supposed to enter centralized quarantine for seven days. As of Tuesday, 45 parts in the region have been classified as high risk
Aug 10, 2022 06:06 PM

: Caixin China Biz Roundup: Alibaba’s Mass Job Cuts
E-commerce giant downsizes workforce by over 9,000; villager forced to apologize for farming during lockdown; and the latest on the Covid outbreak in Hainan
Aug 10, 2022 05:24 PM

: Exhibitions in August: Explore the Magic of Lines With Mucha, and the Ever-Curious Mickey Mouse
Follow this guide and explore paintings, sculptures and architecture across time and space in Asian metropolises
Aug 10, 2022 04:42 PM

: SoftBank Accelerates Asset Sales in Race for Cash
Vision Fund exits entire $7.7 billion Uber stake during market downturn
Aug 10, 2022 04:05 PM

: Force Remains ‘Last Resort’ for Reunifying Taiwan, Beijing White Paper Says
China’s State Council offices write that the island will have a high degree of autonomy as a special administrative region after reunification
Aug 10, 2022 03:50 PM

: China Consumer Inflation Reaches Two-Year High as Pork Surges
The CPI rose 2.7% last month as the price of the staple meat surged more than 20%, even though weak demand kept price pressures in check
Aug 10, 2022 03:46 PM

: Biden Signs Chips Bill, Reducing Dependence on Asian Suppliers
U.S. lawmakers have stressed the national security implications of the legislation, saying it is vital to competing with China
Aug 10, 2022 03:31 PM

: Alibaba Helps Korean Grocery Pioneer Take K-Food to Singapore
Online grocer Market Kurly will sell 44 ready-to-cook and ready-to-eat meals in the Southeast Asian country via the RedMart app
Aug 10, 2022 03:28 PM

: Shanghai Composite Index Fell 0.54% on Wednesday
Shenzhen Component Index closed down 0.87%
Aug 10, 2022 03:03 PM

: CX Daily: How a Hotly Pursued VR Startup Came to China, and Imploded
China says cutting military exchanges is a “necessary warning” to the U.S. over Taiwan. Hainan province imposes large-scale lockdowns
Aug 10, 2022 08:33 AM

: ‘Big Fund’ Graft Probe Ensnares Three More Individuals
Corruption investigation of China’s multibillion-dollar fund backing the semiconductor industry seems to pick up steam
Aug 10, 2022 03:54 AM

: Alibaba Reduced Workforce by Nearly 10,000 in Three Months
Move mirrors spending cuts among global tech companies amid rising inflation, materials costs and political tensions
Aug 10, 2022 03:06 AM