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
After China Huarong’s Bond Rout, Spotlight Shifts to Overseas Financing Unit
Investors are waiting to see whether the scandal-plagued financial conglomerate is going to repay the dollar bonds guaranteed by its subsidiary, analysts say
Great Wall Offloads Insurance Unit as Asset Managers Ordered to ‘Get Back to Basics’
In the fallout from the Huarong scandal, state-owned asset managers are shedding noncore assets
Scandal-hit Luckin Coffee Gets $250 Million Investment
Centurium Capital leads effort to restore business after accounting fraud prompted lawsuits against coffee chain
Ansteel, Bengang Relaunch Restructuring to Create China’s No. 2 Steelmaker
Planned consolidation would be the latest step toward state goal of merging steelmakers to compete with global giants
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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
China’s Coal Industry Needs Radical Overhaul to Meet Carbon Neutrality Goal, Research Says
A third of coal-fired power capacity should be shed over the next 10 years to slash emissions
Apr 15, 2021 06:52 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
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