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

Nov 06, 2023 20:13 PM

Aramco Ups Investment in Refining and Petrochemical Facilities in China
The country is crucial for the Saudi oil giant to create ‘new pathways for growth,’ senior executive says
Nov 06, 2023 19:34 PM

Saudi Arabia Looks to China to Help Build Up Its Renewables Industry
The Gulf state has huge demand for solar panels, wind turbines and batteries, and Chinese companies are the natural choice to supply both technology and expertise, Saudi Public Investment Fund executive says
Nov 06, 2023 08:49 AM

Cover Story: The Miracle and Mirage of Weight Loss Drugs
With more than half the adult population of China overweight or obese, the rush is on to secure prescriptions for drugs like semaglutide – better known as Ozempic
Nov 03, 2023 20:08 PM

Apple CEO Seeks to Calm Jitters About China Sales as Huawei Looms
U.S. tech giant reports record quarterly revenue for its iPhone business in China even as its total revenue there fell 2.5%
Nov 03, 2023 03:54 AM

Baoneng Investment Raises $26.5 Million in Another Asset Sale
A unit of the cash-strapped conglomerate divests 6 million shares of Jonjee Hi-Tech Industrial, majority-held by Baoneng, in a court auction
Nov 02, 2023 19:44 PM

In Depth: Huawei’s EV Partnership Yields Unexpected Hit
The M7 SUV by Aito, the fruit of a JV with automaker Seres, received over 60,000 orders in its first month, a sign it may pose a threat to car manufacturers down the road
Nov 01, 2023 07:22 AM

Social Media Platforms Tell Popular Influencers to Show Real Names
New disclosure requirement takes aim at online misinformation, other abuses; rule applies to self-media with many followers, focusing on public affairs, not daily personal life
Oct 31, 2023 19:48 PM

In Depth: The Opportunities and Roadblocks Facing China’s AI Models
Incorporating large language model applications into office productivity tools is becoming a hotspot for the sector, even as it faces an uncertain future over the technology’s profitability
Oct 31, 2023 19:32 PM

Neta Auto Follows BYD, Geely in Rush to Sell Electric Vehicles in UAE
The EV brand of Hozon New Energy Auto has partnered with UAE car dealer EIH Automotive & Trading to bring its flagship models to the major importer of Chinese cars
Oct 31, 2023 05:39 AM

Chinese Big-three Airlines Back to Profit in Third Quarter
Rebound in domestic travel lifts China’s three largest state-owned air carriers to profit for first time in three years; Big Three still show losses for first three quarters; analysts see loss resuming in fourth quarter as travel slows at year end
Oct 31, 2023 03:35 AM

Shein Acquires British Fashion Brand Missguided
Chinese-based fast-fashion retailer Shein bids for faster growth with purchase of British online brand; Shein plans to manufacture Missguided products, sell on both firms’ websites; Shein looks to offset weaker demand and rising competition from rival Temu
Oct 30, 2023 20:00 PM

More China-U.S. Flights Unlikely to Bring Down High Ticket Prices
Sluggish travel demand and cautious approach by American carriers to resuming operations mean prices will not return to pre-pandemic levels soon, experts say
Oct 30, 2023 07:08 AM

Cover Story: China’s Family-Run Businesses Face Succession Issues
Millions of China’s family businesses are passing on the leadership baton to second generation “factory heirs” at a time when the the world’s second - largest economy is facing unprecedented changes
Oct 26, 2023 19:44 PM

China Regulators Warn of Misinformation Amid Weight-Loss Drug Share Rally
Authorities issue caution about misleading statements after stock of several pharmaceutical companies including BrightGene Bio-Medical skyrocketed
Oct 25, 2023 20:28 PM

In Depth: China Readies Relaunch of Shelved Carbon Credits Program
Central government has completed two out of three major steps required to reboot the voluntary scheme, which was initially stumped by small trading volumes and regulatory issues
Oct 25, 2023 04:17 AM

Chinese Airlines Take ‘All You Can Fly’ Promotions International
China Southern joins Spring Airlines and Shandong Airlines in offering foreign travel bargain passes to spur travel in the coming slow season
Oct 25, 2023 04:08 AM

Pony.ai Scores $100 Million Investment From Saudi Arabia
Chinese self-driving vehicle startup to set up joint robotaxi venture with the kingdom’s giant Neom urban development project
Oct 21, 2023 19:06 PM

Dongfeng Motor to Buy Assets From Stellantis JV to Consolidate Manufacturing
Dongfeng Peugeot Citroën Auto will sell land use rights and buildings in Hubei for $234 million after China sales drop nearly 30% in first nine months
Oct 20, 2023 21:04 PM

In Depth: The Struggle Facing Big-Box Supermarkets in China
Carrefour’s shrinking presence is emblematic of broader gloom that has befallen the country’s supermarket operators that are competing with e-commerce platforms and smaller stores
Oct 20, 2023 06:49 AM

Flying Car Maker EHang in $100 Million Partnership With Hefei City
Eastern China’s Hefei pushes to advance autonomous air taxis by pushing sales of vehicles and providing subsidies and land use and infrastructure support