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

Jan 06, 2024 18:52 PM

Shenhua Energy’s Market Cap Edges CATL as Investors Eye Fat Dividends
The valuation swelled after shares of the China coal miner rose to their highest in years, as high coal prices boosted expectations of more generous cash dividends
Jan 04, 2024 05:18 AM

Saudi Aramco and China’s Rongsheng Plan Closer Tie-up
World’s biggest oil producer and Chinese petrochemical giant to buy mutual stakes as they expand supply partnership
Jan 04, 2024 05:01 AM

China’s Largest Milk Tea Seller Mixue Applies for Hong Kong IPO
Profitable consumer chain turns to Hong Kong after Chinese authorities frown on Shenzhen listing
Jan 02, 2024 20:58 PM

Wanda Offloads More Shopping Malls to Tackle Debt Woes
Four Wanda Plaza complexes were sold to a real estate fund management company in December, which put more than 1.4 billion yuan into the deal
Jan 02, 2024 19:31 PM

VW’s China Venture Launches Debut EV
Volkswagen Anhui kicks off production of electric Cupra Tavascan SUV for export to Europe, with plans to produce a China market model later this year
Dec 29, 2023 18:13 PM

Chinese Carmakers Begin Mass Rollout of Sodium-Ion Battery-Powered EVs
First batch of mini electric vehicles powered by the potential lithium-ion alternative roll off the production line at two companies
Dec 28, 2023 19:55 PM

Year in Review: Renewables Start to Power China’s Economy
Solar cells, batteries and EVs outranked China’s traditional export stars and drove the nation’s international trade in 2023
Dec 27, 2023 21:12 PM

Year in Review: China’s Outbound Businesses Pivot to Latam, Middle East
The new focus is driven partly by declining consumer demand in established markets such as the U.S. and EU, compounded by rising trade protectionism
Dec 27, 2023 18:36 PM

In Depth: China’s Cloud Giants Seek Profits Abroad as Domestic Margins Dwindle
The likes of Alibaba, Tencent and Huawei have accelerated their global expansion this year, thanks largely to the buzz around AI, encroaching on the territory of U.S. leaders Microsoft and Amazon
Dec 26, 2023 20:28 PM

Year in Review: China’s AI Race Turns to Drumming Up Adoption
After the initial rush to roll out large language models, the hunt is now on for customers that can use the technology to make money
Dec 26, 2023 19:38 PM

Chinese Solar Major Tongwei Plans $4 Billion Factory as Consolidation Looms
The new facility is designed to produce 500,000 tons of industrial silicon and 400,000 tons of polysilicon each year
Dec 26, 2023 05:42 AM

Two More Vivo Executives Detained in India in Money-Laundering Probe
China’s foreign affairs ministry ‘closely following’ latest arrests byIndia’s Enforcement Directorate; ministry asks for fair treatment for Chinese businesses in India
Dec 25, 2023 21:14 PM

Air China Order Gives Homegrown C919 Jets a Boost
Chinese flag carrier plans to add 17 of the domestically produced aircraft to cut maintenance costs, increase number of potential routes
Dec 25, 2023 17:51 PM

Retired Dongfeng Motor Executive Becomes Latest to Fall Under Graft Probe
Tong Dongcheng joins several others at the state-owned automaker who have been caught up in a corruption campaign targeting the firms
Dec 23, 2023 19:37 PM

China Drafts Rules to Tighten Limits on Monetization for Online Games
Proposed caps on how much players can top up their accounts for in-game spending and alerts for ‘irrational consumption behaviors’ sent shares in Tencent and NetEase tumbling
Dec 23, 2023 05:17 AM

Tesla Acquires Land to Build Megapack Battery Plant in Shanghai
Work on the new Tesla China’s Megapack factory is due to start in the first quarter of 2024 with battery production starting in the fourth quarter
Dec 22, 2023 20:06 PM

In Depth: TikTok’s High-Stakes American E-Commerce Gambit
Effort to leverage U.S. user base for online retailing appears to be gaining traction for the hottest season within the world’s biggest consumer market
Dec 22, 2023 05:55 AM

Gemdale Offers Beijing Office Complex as Collateral to Get $980 Million Syndicated Loan
Debt-laden Chinese state-backed developer in talks with group led by China Merchants Bank to secure syndicated loan
Dec 22, 2023 05:53 AM

Ex-Party Boss of Air China Under Graft Probe
Former chief of China’s flag carrier is the latest aviation executive to come under investigation for alleged corruption
Dec 21, 2023 20:36 PM

Star Power Triumphs After Fans Boycott Livestreaming Platform East Buy
A perceived slight to prominent influencer Dong Yuhui led the company’s stock to swoon and triggered a corporate shakeout