China’s richest man has hit out at online shopping platforms, accusing them of starting price wars that have damaged a wide range of companies and industries as the country tackles an economic slump.
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Tariff hikes will backfire, and China can manage such ‘external shocks,’ a senior official says
A senior Chinese official says higher tariffs on Chinese exports will backfire by boosting prices paid by consumers.
China’s largest brokerage formed by Guotai Junan and Haitong’s US$14.5 billion merger
After the merger, which was announced in September, Haitong will cease to exist and Guotai Junan will sell new shares to fund business expansion … but is still pending shareholders’ approval. China’s brokerage industry has…
China says it is willing to talk with US to push forward bilateral trade
A stable and sustainable development trend on trade and business matters between China and the United States will benefit both nations, China’s Vice Commerce Minister Wang Shouwen said on Friday.
China’s bottled water billionaire lashes out at Pinduoduo, ByteDance
One of China’s richest people has taken aim at tech firms ByteDance and Pinduoduo for allegedly harming him and Chinese brands. Zhong Shanshan, 69, and his bottled water company Nongfu Springs have …
Chinese court provides legal clarity on the controversial ownership of crypto in Mainland China
The Shanghai Songjiang People’s Court confirmed that Chinese law did not prohibit the ownership of cryptocurrencies in mainland China. Judge Sun Jie’s opinion on the court’s official WeChat page …
The world’s auto giants will need to partner with Chinese companies to survive in China, analysts say
Time is running out for traditional foreign automakers to adapt to China’s electric car market, signaling to industry analysts that companies must double down on local partnerships to survive. U.S.
Starbucks’ China business is struggling. Here’s how the company may give it a jolt.
The news comes as the company is under pressure from activist investor Elliott Investment Management, which has called for a review of the China business. The company’s newly ap …
China says stable trade and business development with US will benefit both nations
A stable and sustainable development trend on trade and business matters between China and the United States will benefit both nations, China’s Vice Commerce Minister Wang Shouwen said on Friday.
China Unicom, Huawei launch 5G-Advanced network in Beijing
Huawei said the new 5G-A network covers stadiums, schools, scenic areas, metro stations, commercial areas and residential districts.
Wuzhen Summit: China creates AI advisory body, with Alibaba Cloud founder as chief expert
The AI Experts Committee is expected to promote China’s perspective on how the fast-growing technology should be governed.
China’s e-commerce upstarts will start to look more like Western ones
I t did not take long for Chinese e-commerce firms to spread worldwide. Shein has rapidly become the preferred choice of American teenagers buying clothes. In 2023 TikTok launched its own e-commerce offering to its…
Shanghai Court Confirms Crypto’s Legal Status as Property in China
A Shanghai court has confirmed that crypto has a legal status in China as a property, setting a major precedent in the nation …
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