By Julie Zhu and Liam Mo HONG KONG/BEIJING (Reuters) -Chinese humanoid robot maker AgiBot plans to launch an initial public offering in Hong Kong next year, eyeing a valuation of HK$40 billion to …
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Nestle sells Yinlu business in China amid portfolio cleanup
Nestle has agreed to sell its Yinlu peanut milk and canned rice porridge businesses in China to Food Wise Co Ltd, a company controlled by the family of Yinlu founder Chen Qingshui, the world’s largest…
China to cut tariffs, boost imports of high-quality goods and services – Xi says
China will continue to cut its tariffs and expand imports of high-quality goods and services, Chinese President Xi Jinping said on Thursday, while vowing to push reforms and promote an …
In Xi’s China tycoons are vanishing, and Liuzhi may be the reason why
A growing number of China’s business leaders are disappearing into Liuzhi, a secretive detention system where anti-corruption probes and blacklists blur with business crackdowns.
China’s oil buying binge to run on in 2021 as tank operators, refiners stock up
China’s commercial oil stockpiling sector, which emerged as a key swing buyer of crude as prices plunged earlier this year, is setting plans to grow again in 2021, supporting a further boost in …
China’s ambassador to India announces resumption of direct flights by October end
The resumption of direct flights between India and China is expected to benefit various sectors, including business, academia, and tourism. Industry experts anticipate that the move will boost …
China’s c.bank says Ant’s IPO suspension is to safeguard consumer, investor interests
The decision to suspend Ant Group’s planned initial public offering in China was based on a comprehensive consideration about safeguarding the interests of financial consumers and investors, a senior …
China Flexing Battery Supply-Chain Clout With Fresh Export Curbs
China’s new export controls over parts of the battery supply chain are the latest sign Beijing is willing to leverage its dominance over an industry vital to the energy transition.
USDA defends estimate of China corn imports, despite hot sales pace
The U.S. Department of Agriculture on Wednesday defended its latest monthly forecast of China’s corn imports, a figure that surprised analysts given that corn sales to China have already outpaced the …
Exclusive: China eyes more corn imports as shipments surge, set to become top buyer
China’s government is discussing permits for millions of tonnes of additional corn imports over the next year, three industry sources told Reuters, amid a surge in animal feed demand and after storms …
China tightens checks on Nvidia AI chips at major ports, FT reports
Chinese customs officials were dispatched to key ports to conduct strict checks on semiconductor shipments, the newspaper said on Friday, citing unidentified sources. China customs officials did not …
China steps up customs crackdown on Nvidia AI chips: Report
China has ramped up enforcement of its chip import restrictions, aiming to reduce domestic technology companies’ dependence on US products such as Nvidia’s artificial intelligence processors, the …
China brands are now global competition
Chinese consumer brands from coffee to fashion are going global, from Luckin and Heytea to Miniso and Urban Revivo, signalling a new wave of competition far beyond Shein and Temu.
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