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

Jul 16, 2021 22:51 PM

China Opens Coal Reserves to Ease Tight Supply as Power Use Surges
The government is walking a fine line as it seeks to ensure power to the national grid while reducing reliance on the carbon-emitting fuel
Jul 16, 2021 22:45 PM

In Depth: Huawei’s Plan to Snatch Alibaba’s Cloud Crown
The beleaguered tech giant has a host of advantages that make its ambition feasible, but Alibaba isn’t about to roll over
Jul 16, 2021 22:33 PM

Cover Series: Didi Probe Has Domino Effect on China Tech’s Overseas IPO Plans (Part 4)
Chill has spread throughout the sector, as tough new regulations appear on the horizon
Jul 16, 2021 22:02 PM

Tsinghua-Linked Chipmaker’s First-Half Revenue Triples
Unisoc’s rise on back of sales to Huawei's former budget phone brand Honor comes even as parent Tsinghua Unigroup faces court-led restructuring
Jul 16, 2021 20:06 PM

Investigators Posted Inside Didi as Part of Cybersecurity Probe
Ministry of State Security and six other agencies station officials inside the company in the latest regulatory move against the ride-hailing giant
Jul 16, 2021 03:38 AM

Cosco Shipping Orders 10 Containerships for $1.5 Billion
Chinese container shipping giant joins global race to build new vessels amid a boom in demand for cargo transport
Jul 15, 2021 22:31 PM

Baowu Solidifies Global Steelmaking Crown With Major Acquisition
Company to take over Shandong Iron and Steel in the latest of a rapid series of deals that have made it the world’s largest producer
Jul 15, 2021 21:55 PM

Cover Series: The Regulatory Landslide Engulfing Chinese Tech Firms (Part 3)
The latest data security probes may reshape how products are developed for the domestic and overseas markets, experts say
Jul 15, 2021 21:50 PM

Medical Companies Must Weigh National Security When Planning IPOs, Lawyer Says
Health care players should start paying more attention to what kind of medical data they are collecting and how they are protecting it
Jul 15, 2021 20:21 PM

Express Delivery Giant SF Recovers From a Record Quarterly Loss
As its core business slowed, the delivery company shored up its bottom line with some timely sales of real estate
Jul 14, 2021 20:23 PM

China Real Estate to See Little Extra Cash From Banks' Reserve Ratio Cut, Analysts Say
Struggling small businesses to benefit the most from central bank’s RRR reduction that will see $154 billion freed up for lending
Jul 14, 2021 20:10 PM

With Renewable Power Network Online, China Looks to Battery-Focused Energy Storage
China aims to install 30 gigawatts or more of battery-centric storage capacity by 2025 to service its vast network of solar and wind farms
Jul 14, 2021 20:03 PM

Singapore’s Shopee Sees China as a Bulwark Against E-Commerce Threats Closer to Home
The Southeast Asian giant has plans to beef up logistics and payment services in the country as its cross-border trade takes off
Jul 13, 2021 20:34 PM

Patriarch’s Death Leaves Pharma Giant Facing Uncertain Future
Founder of one of the largest drugmakers in China dies after five decades at the helm
Jul 13, 2021 20:16 PM

Chinese Regulator Clears Tencent’s Plan to Privatize Search Engine Sogou
Approval comes despite China’s increased efforts to crack down on monopolies to enhance market fairness
Jul 13, 2021 21:41 PM

Fosun Seals Breakthrough Deal to Sell mRNA Vaccines to Taiwan
Shanghai-based drug giant will sell 10 million doses of BioNTech’s cutting-edge Covid-19 vaccine to groups connected to local billionaire Terry Gou, chipmaker TSMC
Jul 13, 2021 17:25 PM

Didi Warns of ‘Adverse Impact’ After Takedown of 25 Apps
Regulatory crackdown undermines U.S.-traded shares while underscoring long-standing issues casting a shadow over ride-hailing company’s outlook
Jul 13, 2021 16:11 PM

Polysilicon-Maker Under U.S. Sanctions to List in Shanghai
Xinjiang Daqo New Energy aims to raise almost $1 billion
Jul 13, 2021 08:07 AM

Suning.com Founder Zhang Jindong Resigns as Chairman
Billionaire lost control over retailing giant following $1.35 billion state-led bailout as aggressive expansion resulted in liquidity crisis
Jul 12, 2021 22:28 PM

Cover Series: How SoftBank’s $11 Billion Bet on Didi Turned Sour (Part 2)
Ride-hailing giant’s rush to raise funds in a U.S. IPO may have been driven by pressure from investors eager to cash out some of their $35 billion of equity