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

Feb 01, 2024 19:33 PM

Wind and Solar Power Capacity to Surpass Coal for First Time in China
The renewable energy sources will make up around 1,300 gigawatts of the country’s installed capacity by the end of 2024, industry body says
Jan 31, 2024 20:28 PM

In Depth: Chinese EV Drive Into Thailand Galvanized by Smog and Subsidies
Automakers from China will need to take on dominant Japanese rivals and invest heavily in local plants amid steepening rules on industrial handouts
Jan 31, 2024 16:14 PM

GAC’s Electric Car Brand Debuts in Hong Kong
Aion launches its first showroom in the city with plans to roll out four models, starting with the Y Plus SUV in May
Jan 31, 2024 06:00 AM

CATL to Invest $1.83 Billion to Build First Offshore Wind Power Project
Fujian approves construction of an 800-megawatt offshore wind farm and energy storage unit which will provide green energy to CATL’s battery factory
Jan 31, 2024 05:36 AM

China’s Big-Three Airlines Expect 2023 Loss While Private Carriers Turn Profit
High oil prices, weak demand for international travel and fierce domestic competition keep profits out of reach but 2025 should see them take off again
Jan 29, 2024 19:54 PM

CATL Hitches Up With Didi, Broadening Move in Battery Swapping
The new joint venture will provide the Chinese ride-hailing giant with battery swapping services for its expanding fleet of electric cars
Jan 27, 2024 17:32 PM

Merck Signs Its First Long-Term Green Energy Purchase Deal In China
German drugmaker will buy 300 gigawatt-hours of electricity generated from renewable sources from China Resources Power over the next 10 years
Jan 26, 2024 20:50 PM

China Tourism Sector Posts Patchy Recovery as Rebound Peters Out
A surge of trips from pent-up post-pandemic demand has waned as tourists pare back their budgets and seek out more affordable options
Jan 26, 2024 19:12 PM

China Approves More Video Games in Sign of Further Easing on Sector
Regulator cleared 115 new domestic titles played on smartphones, consoles and personal computers for sale in January, compared with 105 last month
Jan 26, 2024 05:21 AM

Seres Group Sees Up to $706 Million Net Loss for 2023
Automaker is confident of a better performance this year as pre-orders flood in for its latest full-size SUV, the Aito M9
Jan 25, 2024 20:16 PM

Most German Firms in China Have No Plans to Leave, Survey Shows
A poll by the German Chamber of Commerce showed that 91% of companies had no concrete plans to leave within the next two years, amid a targeted effort by the government to attract more foreign investment
Jan 24, 2024 19:56 PM

China Partnership Driven by Business Not Politics, Saudi Minister Says
China has a lot to offer the oil-rich kingdom in terms of investment and expertise, Minister of Industry and Mineral Resources Bandar Alkhorayef tells Caixin in an interview in Davos
Jan 24, 2024 03:42 AM

Chinese Developer Kaisa Group’s Soccer Club Disbands from Debt
Shenzhen Football club, winners of the first Chinese Super League, has been forced to close by mounting debts after failing to obtain a license
Jan 23, 2024 21:44 PM

In Depth: Luxury Brands’ Strategies Diverge Amid Weak Economic Recovery in China
Swankiest global brands are building bigger in the biggest cities to cater to VIPs, while their more accessible competitors are refocusing further afield and deeper online
Jan 23, 2024 20:29 PM

China Revives Shelved Voluntary Carbon Credits Scheme
Four firms including China General Nuclear Power and State Power Investment pledge to follow compliance rules, develop projects and participate in trading
Jan 23, 2024 04:58 AM

Huawei in Partnership with Dongfeng’s Luxury NEV Unit Voyah
Huawei’s partnership with Voyah is its latest move as it seeks to become a world-class leader in the intelligent-driving field
Jan 22, 2024 18:56 PM

Huawei Plans Nokia JV Buyout With Local Consortium
The tech giant is teaming up with two SOEs and a Chinese private equity investor to give the Finnish firm its exit
Jan 19, 2024 20:24 PM

AI, Data and Trust in Technology Drive Innovation in Manufacturing, Caixin Davos Panel Says
Leaders including Michael Suess, executive chairman of OC Oerlikon, and Ashwini Vaishnaw, India’s IT minister, join the discussion at the annual World Economic Forum
Jan 19, 2024 20:17 PM

CATL to Supply EV Startup With New Fast-Charging Battery
The Shenxing cell can charge to a range of 400 kilometers in 10 minutes and deliver over 700 kilometers on a full charge
Jan 19, 2024 19:32 PM

China Looms Large Over AI Discussions at World Economic Forum
Policymakers and industry experts highlight the need for China and other countries to find common ground to avoid artificial intelligence becoming a ‘force for bad’