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

Jan 19, 2024 19:19 PM

Making Fashion More Sustainable Requires Change in Mindset, Davos Panel Says
Both businesses and consumers need to change their behavior to deal with the industry’s immense waste problem
Jan 19, 2024 18:58 PM

Q&A: New Hope Chairwoman’s Short Cut to Tackling a Business Downturn
Slashing costs, increasing efficiency, simplifying decision-making and delegating responsibility are all necessary to repair the feed giant’s balance sheet, Liu Chang says
Jan 18, 2024 19:19 PM

Chart of the Day: China’s Coal Production Hit Record in 2023
Output climbs to 4.66 billion tons as the government called on mines to ramp up production and approved more power plants to avert the outages seen in recent years
Jan 18, 2024 04:51 AM

China’s First Home-made Dual-Fuel Ro-Ro Ship Embarks on Maiden Voyage
SAIC Anji Sincerity is built to carry up to 7,600 passenger cars and its dual-fuel system enables it to reduce carbon emissions by 30% compared with a ship of similar size
Jan 17, 2024 19:23 PM

BYD to Debut in Indonesian Car Market
The Chinese EV-maker, which already sells vehicles in more than 70 countries, has been trying to further expand its global footprint with exports surging 334.2% last year
Jan 17, 2024 18:15 PM

Huawei Sets Up Separate Smart Car Unit, Site Shows
The company’s Intelligent Automotive Solution Business Unit will be integrated into the new subsidiary, called Yinwang Intelligent Technology, source says
Jan 17, 2024 05:10 AM

Country Garden Pledges to Deliver More Than 480,000 Homes in 2024
Distressed property developer Country Garden is confident it can repair its balance sheet and will keep its focus on delivery, says Chairwoman Yang Huiyan
Jan 16, 2024 20:48 PM

Huawei Faces Delays in EV Deliveries
Supply chain issues could be why the Chinese tech giant has failed to deliver the Luxseed S7 sedan it developed with Chery Automobile on schedule
Jan 16, 2024 20:00 PM

In Depth: How XPeng Got Back Into Gear After Stalling in 2022
Chinese EV startup kicked off a restructuring that ultimately improved the efficiency of its sales network, streamlined supply chain management and concentrated control with the CEO
Jan 15, 2024 19:57 PM

CATL Bolsters Beijing’s EV Industry Ambitions With New Battery Plant
Battery giant’s facility is an integral part of the capital’s plan, which sees the auto sector as a major pillar of its development
Jan 15, 2024 19:31 PM

Tencent-ByteDance Ceasefire Holds With Honor of Kings Deal
The agreement will allow the popular battle arena game to be streamed on Douyin in the wake of a longrunning tussle over copyrights
Jan 15, 2024 08:03 AM

Cover Story: Feed Giant New Hope Navigates Downside of Boom-Bust Cycle
China’s No. 3 Hog Breeder is hurting as prices drop after boosting capacity
Jan 13, 2024 17:29 PM

Haitong Securities Delists Hong Kong Unit After Heavy Losses
Haitong International Securities Group Ltd. was taken private this week after almost 14 years, with parent offering HK$3.47 billion for its 2.28 billion outstanding shares
Jan 13, 2024 06:53 AM

Fosun Kite Launches China’s First Outcome-based Payment Plan for CAR-T Therapy
Innovative scheme allows cancer patients to claim a refund of up to half the cost of treatment if expensive ‘last resort’ lymphoma therapy fails to work
Jan 12, 2024 19:38 PM

Chart of the Day: BYD Surges Further Ahead of Rivals at Home
BYD led the Chinese market with more than 2.7 million passenger cars sold in 2023, jumping 50% and outpacing FAW-Volkswagen and Geely amid a year-end marketing blitz
Jan 10, 2024 17:48 PM

Iflytek to Spin Off Loss-Making Health Care Arm
The Chinese AI developer is looking to float its medical device and diagnosis business Xunfei Healthcare Technology in Hong Kong
Jan 10, 2024 05:56 AM

State Companies’ Rush to Clean Energy Sparks Bubble Fears
China’s rapid dash for wind and solar power mean it is six years ahead of its green target but concern grows that it is fueling an investment bubble
Jan 09, 2024 05:16 AM

Competition Heats up in New Energy Storage as Capacity Surges
Green energy storage is expanding dramatically but intensifying competition and falling prices threaten the survival of those companies that cannot keep up
Jan 08, 2024 20:26 PM

CATL Secures Three-Year Supply Deal With Dongfeng Motor Unit
The Chinese battery-maker will provide power cells for M Hero’s electric SUV, which will be embossed with ‘CATL Inside’
Jan 08, 2024 19:17 PM

Evergrande’s Electric-Car Unit Plunges After Vice Chairman Detained
China Evergrande New Energy Vehicle’s shares fall as much as 23% on news Liu Yongzhuo was suspected of committing crimes