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

Sep 14, 2021 20:40 PM

Battery Giant CATL Invests $2 Billion to Boost Lithium-Ion Product Output
New factory will be built in cooperation with the city of Yichun in mineral-rich Jiangxi province
Sep 14, 2021 15:53 PM

Tianqi Lithium Revives Plan to List in Hong Kong
The world’s top producer of the battery raw material has returned to the plan it abandoned three years ago after a drop in lithium prices sank its valuation
Sep 14, 2021 04:44 AM

Yunnan Tightens Aluminum Production Curbs in Green Push
Smelters ordered to slash output 30% the rest of this year to meet goals for cutting energy use and greenhouse gas emissions
Sep 13, 2021 20:45 PM

Bankrupt HNA Secures Strategic Investors for Airline, Airport Businesses
As part of court-approved restructuring, the conglomerate will bring in two state-backed companies
Sep 13, 2021 20:30 PM

Soho China’s Shares Plummet After Blackstone Abandons $3 Billion Takeover
The failed bid has fueled uncertainty about the prominent propery developer’s future
Sep 13, 2021 20:28 PM

Social Media Platforms Pledge to Push ‘Positive Content’ on Chinese Culture
Weibo and iQiyi among 14 online companies also urged to favor core socialist values over ‘unethical’ celebrities as China seeks to reshape showbiz industry and tamp down on fan culture
Sep 13, 2021 19:27 PM

China’s Monthly NEV Sales Surpass 320,000 for First Time
Growing by 182% in August, new-energy vehicles sales made up 17.8% of domestic auto sales, approaching the government’s 2025 target
Sep 13, 2021 06:47 AM

Cover Story: The Rapid Fall of China’s Most Famous Corporate Raider
Since the failed Vanke bid, Baoneng Investment Group is now $31 billion in debt after forays into cars and mobile phones fell short
Sep 11, 2021 08:12 AM

China Orders Top Internet Platforms to Protect Workers’ Rights
Regulators ordered top online platform operators to take the lead in safeguarding workers’ rights and interests
Sep 10, 2021 21:25 PM

Citing Competition Campaign, Shanghai Judge Says Hiding Negative Search Results Is Illegal
Ruling published by local court says use of suppression service to bury negative content breached unfair competition rules
Sep 10, 2021 20:25 PM

Blackstone Drops $3 Billion Bid to Buy Chinese Developer Soho After Progress Hits a Wall
Private equity giant’s offer for the mainland commercial property developer was called off after failure to ‘satisfy the pre-conditions’
Sep 10, 2021 20:18 PM

Guangzhou Auto Venture Shutters One of Two Jeep Plants in China
Joint venture with multinational car giant Stellantis has been plagued by sagging sales and a string of vehicle recalls of the once popular brand
Sep 10, 2021 05:04 AM

Exclusive: Alibaba’s Philanthropic Head Talks ‘Common Prosperity’ Plans
Former Ant CEO Hu Xiaoming lays out how Alibaba will invest $15.5 billion over five years ‘on making a bigger pie’ for China
Sep 09, 2021 19:53 PM

Sany Group’s Wind Power Unit Approved for Shanghai IPO
Sany Heavy Energy aims to raise $469 million to develop new technologies and upgrade facilities
Sep 09, 2021 19:52 PM

Realty Giant to Shutter Offices in Shenzhen After City Slaps Limits on Home Prices
Tencent-backed Lianja will close one-fifth of its outlets in the boomtown, which earlier this year imposed a price control mechanism on pre-owned residences
Sep 09, 2021 06:33 AM

China Railway’s Cargo Unit Surges 44% on Shenzhen Debut
Initial public offering raises $267 million for the freight business to invest in logistics and storage, cold chain transit and information platform
Sep 09, 2021 06:06 AM

Tencent, NetEase Summoned Over New Gaming Rules for Kids
Regulators order online gaming companies ‘to strictly enforce’ stringent new limits on minors’ playing time
Sep 08, 2021 21:05 PM

China’s Total NEV Subsidies Jumped Tenfold Even as Government Slashed Per Unit Handouts
Desire to wean the sector off government support offset by huge increase in sales
Sep 08, 2021 19:34 PM

China’s IT Industry Needs New Approach to Cut Emissions, Experts Say
Mobile telecoms networks and data centers nationwide urged to adopt new strategies and technologies to lower power usage to meet carbon reduction targets
Sep 08, 2021 15:59 PM

China’s After-School Tutoring Companies Must Register as Nonprofits by Year-End
Private institutions that teach curriculum subjects cannot enroll new students or charge fees until they are registered as nonprofits