Apr 17, 2021 20:32 PM- Record Profits at China’s Biggest State Firms Show Strength of Economic Recovery
- Earnings of centrally administered SOEs more than tripled to $63.7 billion in the first quarter
Apr 17, 2021 16:09 PM- Former Noodle Chain Executive Sentenced to Over Six Years for Embezzlement
- Ex-Ajisen CFO Robert Lau Ka Ho stole $3.3 million over almost seven years by altering corporate checks with erasable pen
Apr 17, 2021 01:05 AM- In Depth: How Tech Giants Will Reshape Carmaking
- Growing demand for electric vehicles propels tech giants including Apple and Huawei to bet big on self-driving technologies
Apr 16, 2021 20:24 PM- China’s Market Regulator Publishes Tech Firms’ Vows of Virtue
- Each of the 34 tech firms warned of ‘severe punishment’ for legal breaches publicly pledged to clean up its act this week
Apr 16, 2021 20:07 PM- Alibaba Holds Out Carrots, Retires Stick in Its Merchant Relations
- E-commerce giant announces major new program to assist thousands of sellers in what may have been part of a recent antitrust settlement, observers say
Apr 16, 2021 20:03 PM- Electric-Car Maker Nio to Put Battery Changing Points in China’s Largest Gas Station Network
- Deal will boost the company’s number of such points to 500, as the state looks to support ‘new infrastructure’
Apr 16, 2021 19:39 PM- New Office Buildings Drive Up Beijing Vacancies as Rents Slip
- The vacancy rate of top office space in the Chinese capital rose to 16.6% in the first quarter of 2021, with rents predicted to fall this year
Apr 16, 2021 19:33 PM- Losses Mount for Chinese Companies as Egypt Seizes Suez Tanker
- More than 80% of goods aboard the Ever Given, which blocked the Suez Canal for almost a week, are estimated to be from Chinese companies
Apr 16, 2021 19:09 PM- China’s Battery Power Storage Expected to Grow Tenfold by 2025
- Capacity of the technology, seen as key to avoiding waste in renewable power generation, is predicted to top 35.5 GW in China, an industry group says
Apr 16, 2021 07:45 AM- Scandal-hit Luckin Coffee Gets $250 Million Investment
- Centurium Capital leads effort to restore business after accounting fraud prompted lawsuits against coffee chain
Apr 16, 2021 04:08 AM- 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 03:06 AM- 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
Apr 16, 2021 00:14 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 15, 2021 23:15 PM- 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 20:45 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 19:10 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 19:00 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 18:57 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 18:52 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 07:51 AM- 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
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