Culture
Profit dives at China’s top food delivery firm Meituan amid intense competition
China’s leading food delivery group Meituan, reported on Wednesday (Aug 27) a fall of 89 per cent in second-quarter adjusted net profit as…
Tag
Chinas
Culture
Cambricon briefly overtakes Moutai as China’s priciest stock
A leading Chinese chipmaker briefly replaced a top liquor giant as the country’s most expensive onshore stock, as investors doubled down…
Culture
China’s Ping An Insurance eyes more investment in high-yield, high-tech stocks, CEO says
China’s Ping An Insurance plans to further invest in shares to boost its portfolio return while staying cautious about Chinese economic…
Culture
China’s soy crushers may be facing a winter without US beans
Just days before the start of the US export season for soybeans, the world’s top importer does not appear to have bought a single American…
Culture
China’s exports of semi-finished steel surge by more than 300%
China has more than quadrupled its exports of steel in semi-finished form so far this year, adding to an unprecedented flood of the metal…
Culture
China's Sinochem to sell two bankrupt refineries to local operators
China’s state-run Sinochem Group will sell another two bankrupt refineries in eastern Shandong province to local refiners for much less…
Business
Shanghai relaxes home-buying rules as China's property market struggles
Shanghai, the commercial and financial hub of mainland China, has further relaxed its home purchase policy, following Beijing's lead to…
Culture
China’s Dongfeng plans to list EV unit, take rest private
Dongfeng Motor Group plans to withdraw its Hong Kong shares in a new twist on a long-awaited restructuring, part of a transaction that…
Culture
Apple claims ex-employee, China’s Oppo stole trade secrets
Apple accused smartphone maker Oppo in a lawsuit of poaching a highly paid member of the Apple Watch team and encouraging him to steal…
Culture
China’s Longi Green narrows loss as solar installations surge
Chinese authorities have amped up their rhetoric against so-called involution, pledging to put an end to the ruinous competition that…
Culture
Baidu ranks as China’s cheapest Internet stock amid AI concerns
Sharp stock underperformance for Baidu on concerns over its outlook have left it trading at the cheapest valuation among China’s major…
Business
China’s extension of EU dairy import probe linked to September talks
China will not conclude its anti-dumping investigation into EU dairy imports until at least early next year as talks are set to continue…
Culture
China’s overcapacity crackdown faces litmus test in solar sector
China’s efforts to curb industrial overcapacity face their first test in the indebted and bloated polysilicon sector, a key cog in solar…
Culture
Why China’s banks are hunting for fortunes stashed abroad
BEHIND the gates of an opulent mansion in Vancouver, San Francisco, or Sydney, a wealthy Chinese individual lives a life of quiet…
Culture
China’s US$11 trillion stock market is staging a quiet resurgence
Chinese stocks have gained ground in recent months despite a lack of major catalysts, with ample domestic liquidity likely to sustain the…
Culture
China’s SMIC says Trump tariffs did not cause expected ‘hard landing’
China’s top foundry Semiconductor Manufacturing International Corporation (SMIC) said on Friday (Aug 8) US tariff policy had not led to a…
Culture
China’s tech giants Alibaba, Baidu, Tencent spook a generation of workers with job cuts
FOR years, a job at one of China’s technology behemoths was a golden ticket for the country’s ambitious youth. Now, a wave of downsizing…
Culture
GM to buy EV batteries from China’s CATL for low-cost Bolt EV
The Chinese company is one of the world’s largest battery manufacturers and a major supplier of LFP batteries to the auto industry General…
Culture
China’s policy banks rush to issue bonds before tax deadline
China’s policy banks have embarked on a bond-issuance spree in an effort to lock in lower yields before the reinstatement of a value-added…
Culture
China’s InnoScience rises 31% after named as Nvidia supplier
Chinese chipmaker InnoScience Suzhou Technology Holding closed up 31 per cent in Hong Kong on Friday (Aug 1) after it was identified by…
Business
China's top leaders vow support for economy, crackdown on disorderly competition
BEIJING (Reuters) -China's top leaders have pledged to support an economy facing various risks by managing disorderly competition among…
Culture
China’s Premier Li proposes global AI cooperation organisation
Chinese Premier Li Qiang on Saturday (Jul 26) proposed establishing an organisation to foster global cooperation on artificial…
Culture
China’s Premier Li Qiang proposes global AI cooperation organisation
Chinese Premier Li Qiang on Saturday (Jul 26) proposed establishing an organisation to foster global cooperation on artificial…
Culture
China’s 1.2 trillion yuan dam project lifts metals markets, but isn’t a quick fix for glut
China’s launch of a 1.2 trillion yuan (S$218.5 billion) mega-dam project in Tibet has energised metal markets, though analysts warn that…