The Shenzhen-based carmaker’s profit rose 12-fold to 7.3 billion yuan (US$1.06 billion) in the three months to December, compared with 602 million yuan a year earlier Quarterly revenue surged 106 per …
Monthly Archives For March 2023
MFA: Belarusian president’s visit to Beijing is a milestone event in relations with China
MINSK, 28 March (BelTA) – Belarusian President Aleksandr Lukashenko’s state visit to Beijing became a significant event in the bilateral relations with China, Deputy Head of the Asia, Australia and Oceania Department of the Ministry…
Heritage Foundation declares new Cold War with China: ‘More capable and dangerous’ than Soviet Union
The Heritage Foundation released a report Tuesday that says the U.S. is in a new Cold War with China, and that the U.S. must take several steps to defend itself from China’s economic, military and…
China’s blockchain industry set to get a major boost by 2025
This move aligns with China’s 5-year plan, which emphasizes the development of digital industries and names blockchain as a crucial area for expansion. The Chinese government aims to improve the …
China Woos ASML Chief as New Curbs on Chipmaking Machines Loom
China’s Commerce Minister Wang Wentao sought to assure the head of ASML Holding NV that Beijing remains a reliable partner even as the Dutch government imposes new restrictions on exports of advanced …
Alibaba to split $329b empire into six in historic overhaul
It hived off Alipay in 2010, an unpopular move at the time that nonetheless lead to the creation of Ant Group Co. The fintech affiliate controlled by Ma was on the verge of pulling off…
China’s Alibaba Unveils Corporate Restructuring
The six new business clusters will be: Cloud Intelligence (cloud computing, AI and its Slack equivalent Ding Talk); Taobao Tmall Commerce (mainland China e-commerce and digital malls); Local Services …
DHGATE Group Unveils Core Strategies at Seller Conference 2023, Accelerating Expansion with an Innovative Cross-Border E-commerce Model
SHENZHEN, China, March 28, 2023 /PRNewswire/ — DHgate, China’s leading cross-border e-commerce marketplace, successfully hosted its Seller Conference 2023 in Shenzhen on March 28th. As part of its …
China anti-corruption probe targets top banks, SOEs as Beijing races to defuse financial risks
China Development Bank and China Everbright Group, among others Some 30 state-owned industrial giants, including China Mobile and PetroChina, were also put on the inspection list China’s top anti-corruption agency on Monday launched a new…
China to upgrade national blockchain standards by 2025
The information comes from a draft of its guidelines published on the ministry’s website, which also calls for public opinion on the matter of blockchain development from “all walks of life.” China …
Alibaba says will split into 6 groups, separate IPOs expected
Alibaba founder Jack Ma has kept a low profile since late 2020, when a speech he made attacking Chinese regulators was followed by Beijing pulling the plug on Alibaba affiliate Ant Group’s planned IPO …
China to crack down on online rumours and company privacy breaches in move to reassure business and revive economy
Cyberspace Administration of China says work priorities include advancing online business environment and protecting enterprise and entrepreneur rights Social media accounts producing information in …
China-US ties at ‘historic low’ but Tesla, Fuyao stories reveal room for mutual success: Chinese foreign minister
began on Saturday – its first offline edition since the Covid-19 pandemic began. Qin’s remarks came after bilateral tensions intensified over US allegations of China flying a “surveillance balloon” …
