Business and Tech News in China: internet giants, startups, SOEs

Jul 03, 2023 20:45 PM

Chemical Giant BASF Expands Shanghai R&D Base in China Push
The German conglomerate is also investing up to 10 billion euros in a new production complex in Guangdong, as it strives to grow its foothold in its second-largest market
Jul 03, 2023 18:22 PM

Chinese Lidar Developer RoboSense Sets Hong Kong IPO in Motion
BYD-backed firm is the latest in a spurt of mainland-based auto tech startups to file for listings in the financial hub
Jul 03, 2023 06:38 AM

Cover Story: Metal Magnate’s Fall From China’s Rich List to Bankruptcy
How Zhongwang Group’s Liu made and lost billions in aluminum
Jul 01, 2023 05:53 AM

Geely-Backed Flying Car Maker Raises $13.8 Million
Tsinghua Holdings leads fundraising for Aerofugia, one of several Chinese companies racing to develop flying autos
Jun 30, 2023 19:23 PM

Great Wall Motor Eyes Expansion in Vietnam Amid Southeast Asia Push
Chinese carmaker will launch its Haval H6 hybrid model in August and a new EV assembly plant in the country is planned for 2025
Jun 30, 2023 18:19 PM

Citic Guoan Wins Contract to Develop Bolivian Lithium Deposits
Chinese state-linked conglomerate will work with the South American country in the mining, refining, processing and sale of the key battery material
Jun 30, 2023 02:53 AM

Wanda Unit Files Fourth Hong Kong IPO Application
Zhuhai Wanda tries again to sell shares this year as failure would force the parent company sto repay $6 billion to investors
Jun 29, 2023 19:41 PM

In Depth: Proposed Biden Curbs Could Starve Chinese Tech of Early Funding, Expertise
A plan that could deter U.S. private equity and venture investment in whole sectors of Chinese tech has entrepreneurs alarmed
Jun 28, 2023 20:57 PM

Climate Finance Works Best When Everyone Pulls Together: WEF Panel
In China, the government, state-owned banks, and the private sector are working in partnership to fund the green transition, financiers and Huaneng’s president tell the World Economic Forum in Tianjin
Jun 28, 2023 05:03 AM

Loongson Must Pay CIP $3.21 Million in Royalties
Arbitration ruling resolves four-year dispute
Jun 27, 2023 21:47 PM

China’s State Grid Champions Global Cooperation for Green Energy Transition
Research collaboration and interconnection of energy infrastructure between China and its neighbors are among areas that could benefit, Chairman Xin Baoan tells Summer Davos
Jun 27, 2023 21:18 PM

U.S. Costco Stores to Start Selling Genki Forest Drinks, Source Says
Products to go on sale from next week as Chinese beverage-maker looks to accelerate global expansion, including in Southeast Asia
Jun 27, 2023 15:50 PM

Crypto Firm Circle Eyeing Hong Kong Policies With Focus on Asia
The issuer of USD Coin, the world’s second-largest stablecoin, says the new rules may set the tone for digital asset market growth on the Chinese mainland.
Jun 27, 2023 03:51 AM

Central China Real Estate Suspends Payments on All Offshore Debt
Zhengzhou-based developer defaults on $300 million of dollar notes that were due May 24 as it vows to devote cash to ensuring delivery of existing projects
Jun 26, 2023 20:20 PM

CEO of JD Logistics Steps Down for ‘Health Reasons’
Yu Yui, a JD.com veteran of 15 years, handed his roles over to Hu Wei on Monday, the company says
Jun 23, 2023 01:52 AM

Cosco Completes Acquisition of Stake in Hamburg Terminal
Chinese shipping giant takes 24.99% interest in container operation as Premier Li Qiang makes first visit to Germany since taking office in March
Jun 23, 2023 01:46 AM

China Clears 89 More New Video Games in June
First-half total reaches 521, topping last year’s 468, as NetEase, Yoozoo Games and Hubei Century win approvals and Tencent is shut out
Jun 22, 2023 21:49 PM

EV-Battery Recycling Accelerates in China With Strong State Support
Beijing will speed up implementing formal measures to improve the system, which recycled more spent cells in the first five months of 2023 than all of last year
Jun 21, 2023 21:23 PM

In Depth: Alibaba Has Hurdles to Overcome Before Its Drastic Restructuring Pays Off
The tech giant’s split into six units is a chance for the group to unlock growth potential, but each business has outstanding issues, from slumping revenue to shrinking market share
Jun 21, 2023 20:34 PM

Chinese Companies Showcase Energy Solutions in Europe as Demand Grows
Insiders say 80% of the firms represented at a major industry exhibition in Munich were from China, including titans CATL and BYD