Jan 03, 2023 20:28 PM- Year in Review: China’s Property Market at a Turning Point
- The government began last year to ease up on a clampdown that upended the industry, but developers won’t be able to rely on the business model of the past
Jan 03, 2023 19:49 PM- Out-of-Town Trips Make a New Year’s Comeback in China
- About 60% of online travel agency Trip.com’s domestic users journeyed to another province or region during the three-day weekend, up from 40% last year
Dec 31, 2022 03:51 AM- China Approves Merck’s Covid Pill Amid Shortage of Drugs
- Lagevrio, to be marketed in China by Sinopharm, cleared for mild and moderate infections among at-risk adults
Dec 30, 2022 16:34 PM- Kweichow Moutai Sees Earnings Beat for 2022
- The Chinese liquor giant predicts a 19.3% increase in net profit for the year, higher than the average analyst forecast of 18.8%
Dec 30, 2022 05:28 AM- China-Developed Covid Pill Matches Paxlovid, Study Shows
- Junshi Biosciences and Vigonvita Life Science’s VV116 had similar results to Pfizer’s drug in a trial during the Shanghai outbreak
Dec 29, 2022 19:29 PM- CATL-Linked Battery Materials Company Stages Hot IPO
- Shangtai Technology opens 20% above its offering price of 33.88 yuan, a sign that inves-tors were optimistic about its growth prospects
Dec 29, 2022 18:52 PM- Alibaba’s DingTalk Hits 15 Million Paying Users as It Tries to Climb Out of the Red
- China’s largest workplace collaboration platform is implementing an aggressive commercialization plan that targets turning a profit in three to five years
Dec 29, 2022 17:09 PM- Cash-Strapped Chinese Developer Sells $1.8 Billion of Assets to State-Owned Rival
- China Fortune Land will transfer its shares and creditor rights in four subsidiaries located in the country’s south to China Resources Land
Dec 29, 2022 04:58 AM- New Coal-Fired Electricity Plant Approvals Triple From 2021
- In first 11 months this year, authorities clear 65 million kilowatts of coal-burning capacity, threatening to undermine climate goals, study finds
Dec 29, 2022 04:45 AM- China Drops Covid Curbs on International Flights
- Civil aviation regulator confirms government plan to scrap all pandemic limits as of Jan. 8, including quarantines, testing and capacity caps
Dec 28, 2022 20:46 PM- IQiyi Extends Reality With New XR Headset
- The first of a new product line, the headgear incorporates elements of augmented, virtual, and other manners of reality
Dec 28, 2022 20:18 PM- China’s Iron and Steel Producers Hit by Property Slump
- Profits of ferrous metal smelting and pressing companies plummet 94.5% to $3.3 billion for the first 11 months of 2022
Dec 28, 2022 20:15 PM- With Vacancies Rising, Rents Are Falling for Beijing’s Premium Office Space
- The vacancy rate for Grade A commercial real estate rose 1.4 percentage point to 16% in the fourth quarter from the previous three-month period
Dec 27, 2022 20:56 PM- China’s EV Brands Winning Favor With Local Drivers at Expense of Foreign Competitors
- Trend could put homegrown EVs in pole position in China’s high-end auto market in the next three to five years, according to a McKinsey survey
Dec 27, 2022 20:42 PM- Flight Booking Sites Swamped With End of Travel Restrictions on the Horizon
- Searches for overseas tickets jumped tenfold on Trip.com after announcement that quarantine and PCR test requirements will be dropped for inbound flights from Jan. 8
Dec 27, 2022 20:32 PM- Southern Chinese City Abolishes Homebuying Limits to Boost Demand
- Dongguan in Guangdong province has scrapped restrictions on who can purchase properties and how many they can buy
Dec 27, 2022 06:39 AM- Fuyuan Beauty Salon’s Chairman Gets 16-Year Sentence for Fundraising Fraud
- Convicted along with Chen Xing, 32 other executives at the Jiangsu province-based chain, received sentences ranging from 21 to 90 months
Dec 26, 2022 20:05 PM- Surging Covid Infections Delay Chinese Exporters’ Deliveries
- Sick workers are preventing companies from fulfilling their orders on time
Dec 23, 2022 03:45 AM- TuSimple Slashes Workforce 25% in Sweeping Restructuring
- Driverless truck startup will focus on R&D and on providing self-driving technologies to other transport companies
Dec 22, 2022 20:54 PM- China Pharmacies Told to Give Out Free Fever Meds as Outbreak Grows
- Chain chemist Meizhihui has begun handing out 100,000 free ibuprofen pills in Shaanxi province, with a cap on the amount
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