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

Sep 20, 2023 20:19 PM

Analysis: China’s New Electricity Spot Market Rules Lay Groundwork for Unified Standard
The publication of the rules is a ‘landmark’ move in the country’s efforts to build a nationwide power market, one expert tells Caixin
Sep 20, 2023 06:25 AM

Chinese Appliance Giant Midea Plans Hong Kong IPO
Foshan-based company frames offering as part of its globalization strategy but warns of uncertainties and doesn’t disclose a fundraising target
Sep 19, 2023 19:45 PM

Chip Designer Arm Committed to China, CEO Says
British firm will continue working closely with its mainland-based partner, in an assurance its recent multi-billion-dollar IPO will not affect its China strategy
Sep 19, 2023 06:20 AM

AI Startup 4Paradigm Aims to Raise $113 Million in Hong Kong IPO
Long-awaited share sale values the Beijing-based company at $3.3 billion to $3.6 billion with stock to begin trading Sept. 28
Sep 18, 2023 20:48 PM

After Lattes and Ice Cream, Moutai Serves Up Booze-Infused Chocolates
The Chinese liquor-maker is teaming up with candy giant Mars in an effort to introduce its brand of fiery spirits to a new, preferably younger, group of consumers
Sep 18, 2023 18:53 PM

Battery-Maker Gotion Switches On Germany Factory
The Chinese firm’s Göttingen-based plant expects to begin delivering battery packs for vehicles and energy storage systems in October
Sep 15, 2023 21:29 PM

Tip Sheet: Who Tops China’s Massive Solar Manufacturing Market?
Chinese solar companies are expanding aggressively at home and abroad. Here are five leaders of the pack that are defining the global solar market
Sep 15, 2023 19:28 PM

Huawei and Xiaomi Bury the Patent Hatchet
The two companies complete a global cross-licensing agreement that settles a legal dispute over intellectual property rights involving 4G and handset technologies
Sep 14, 2023 03:59 AM

Hamburg Sells 49.9% of Its Port Operator for $910 Million
Switzerland-based Mediterranean Shipping steps in to bail out German shipping center where China’s Cosco this year took a 24.99% stake in a container terminal
Sep 13, 2023 20:55 PM

Analysis: China Ups Pressure on Some Provinces as Energy-Saving Efforts Fall Short
Gansu, Hubei, Shaanxi and Qinghai have been told to step up measures to reduce energy intensity to meet targets set in the 14th Five-Year Plan
Sep 13, 2023 20:55 PM

In Depth: China’s Mid-Tier Cities Vie for EV Battery Supremacy
Manufacturing hubs like Yibin are bending over backward to win business from giants like CATL as they seek to boost jobs and economic growth
Sep 13, 2023 02:50 AM

Cruise Ship Adora Magic City Passes Final Trial Voyage
First domestically built cruise vessel, accommodating 5,000 passengers, is set for November delivery and first commercial voyage next year
Sep 13, 2023 02:44 AM

Floundering WM Motor Claims a New White Knight
Chinese EV maker cites potential deal with retail platform Kaixin Auto after collapse of $2.02 billion Apollo Future Mobility rescue
Sep 12, 2023 20:17 PM

Huawei Tech-Powered EV Brand Rolls Out Upgraded Luxury SUV
The revamped Aito M7 series, which retails at around $34,000, runs the tech giant’s latest automated driving software and a digital cockpit powered by its Harmony operating system
Sep 12, 2023 05:36 AM

WM Revival Hopes Dashed as Investor Abandons $2.02 Billion Rescue
Troubled Chinese EV startup was once seen as a rival of Nio and XPeng and was valued at $5.7 billion with backing from Baidu and Tencent
Sep 11, 2023 21:00 PM

Daniel Zhang Quits Alibaba’s Cloud Unit in Surprise Exit
Group’s new chief executive Eddie Wu takes over the unit as acting chairman and CEO
Sep 09, 2023 03:59 AM

Iron Futures Weaken After Regulators Issue Price Warning
Following a 20% surge in black metal futures, NDRC and CSRC call traders on the carpet and tell them to cool it
Sep 08, 2023 20:08 PM

Better Sino-U.S. Relations Vital for Chip Sector Growth, Industry Chief Says
John Neuffer, president and CEO of the Semiconductor Industry Association, shared his hopes and concerns for the future of the global business
Sep 08, 2023 03:21 AM

Chinese Premier Takes Test Ride on Indonesia’s New High-Speed Railway
Visiting Jakarta for ASEAN Plus Three summit, Li Qiang steps aboard for demonstration of key Belt and Road project
Sep 07, 2023 19:12 PM

Analysis: China’s Largest Green Hydrogen Mega Project Hints at Vast Potential
Green hydrogen, made by splitting water molecules using renewable power, is seen as vital for decarbonizing heavy industries, like steel and chemicals