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

Dec 01, 2023 04:59 AM

Chairpersons of Two Zhongzhi-Affiliated Listed Companies Go Missing
Caixin sources link disappearance of chairpersons at Dalian My Gym and Xinjiang Tianshan to investigation of Zhongzhi-linked wealth management firms
Nov 30, 2023 20:50 PM

Central China City Calls Out Developers for Breaking ‘Presale Fund’ Rules
Wuhan housing bureau names 16 companies, including seven that had failed to transfer revenue to specified escrow accounts in order to evade oversight
Nov 30, 2023 05:21 AM

Tesla Opens More Charging Facilities to Competitors in China
U.S. carmaker aims to leverage its extensive charging infrastructure to boost revenue, utilization rates
Nov 30, 2023 04:45 AM

China Aoyuan Group’s Offshore Debt Restructuring Plans Wins Majority Creditors’ Approval
Creditors approve two separate restructuring plans; both are subject to court approval;Aoyuan plans to issue $6.1 billion in new debt as part of restructuring
Nov 29, 2023 20:51 PM

Five Things to Know About Huawei’s New Smart Car Venture
The new company, which will focus on developing intelligent vehicle systems and components, has received interest from Huawei’s numerous auto partners, including a commitment to invest by Changan Auto
Nov 29, 2023 19:21 PM

Xiaomi Co-Founder Lei Jun Donates $183 Million to Wuhan University
The cash donation by the 1991 alumni marked the school’s 130th anniversary and set a record for the largest single donation in the university’s history
Nov 29, 2023 18:58 PM

Jack Ma Urges Alibaba to ‘Correct Course’ in Online Retail
Replying to a staff post on a company forum, the company co-founder also praised decisions taken by rival PDD, which reported stronger-than-expected quarterly results just hours before
Nov 27, 2023 21:05 PM

Changan Auto to Take Stake in Huawei’s New Smart Car Company
The Chinese tech giant is planning to launch a new unit as it ramps up efforts to get its auto business off the ground
Nov 23, 2023 20:34 PM

Maersk Strikes Deal With Chinese Firm to Buy Methanol for Green Vessels
Xinjiang Goldwind will supply the Danish container shipping giant with 500,000 tons a year of the fuel from a new plant in Inner Mongolia
Nov 23, 2023 18:15 PM

Chinese Carmakers Ship More Workers Abroad for Expansion, White Paper Says
About 70% of over 20 Chinese carmakers with a presence abroad are expected to have sent more employees overseas in 2023, according to a study by Marsh McLennan
Nov 23, 2023 06:05 AM

Exclusive: Chairman of China Cosco’s Leasing Unit Under Probe
Sources tell Caixin that Liu Chong detained by authorities; Liu likely linked to investigation of Shanghai businessman Mi Chunlei’s investment in China Shipping Haisheng Co. Ltd.
Nov 22, 2023 05:16 AM

Boss of Game Livestreamer DouYu Detained by Police
DouYu founder and Chairman Chen Shaojie detained on Nov. 16 in Chengdu; DouYu says no word on reason for detention
Nov 21, 2023 06:59 AM

China’s Top Graft Buster Probes State-Owned Shanghai Industrial President Zhou Jun
Zhou resigns his posts from three units of Shanghai Industrial; investigation is latest corruption inquiry at Shanghai state-owned firms
Nov 20, 2023 20:06 PM

Chinese Automaker GAC Aims to Use Solid-State Battery by 2026
The technology holds the promise for a longer lifespan, increased range and faster charging times than conventional lithium-ion cells
Nov 16, 2023 20:45 PM

European Firms Want Clarity on China’s Data Transfer Rules Seen as Raising Costs
More than 90% of 54 companies surveyed transfer data to overseas headquarters or regional offices, which can incur costly security assessments required by the country’s top cybersecurity watchdog
Nov 16, 2023 05:01 AM

Xiaomi Offers First Glimpse of Its Debut EVs
Chinese smartphone-maker registers two electric models for assembly at Beijing factory to go on sale in the first half of 2024
Nov 15, 2023 18:47 PM

Alibaba Expands in Europe With Investment in B2B Platform Visable
The move is part of the tech giant’s efforts to grow its country- or region-specific business, as some Chinese products lose their edge in price globally
Nov 13, 2023 20:11 PM

Alibaba, JD.com Report Double 11 Sales Growth
The e-commerce giants did not release specific figures, as they rolled out discount-heavy strategies to encourage spending as the world’s second-largest economy wrestles with sluggish demand
Nov 11, 2023 18:00 PM

10 Key Takeaways From the Caixin Summit
The annual conference brought together business leaders, experts and scholars who offered key insights and various perspectives on pivotal China-related topics
Nov 09, 2023 20:44 PM

Caixin Summit: Tensions With U.S. Loom Over Middle Eastern Investment to China, Executive Says
Investcorp co-CEO said there could be even more opportunities in tech and beyond once geopolitical roadblocks are removed