CHINA News  

August 30, 2024
Alibaba Emerges from 3-Year Antitrust Probe
After enduring three years of rigorous government oversight, Alibaba's antitrust review has finally reached its conclusion. The State Administration for Market Regulation has commended Alibaba for fully adhering to the antitrust authority's regulations, awarding the corporation complete acknowledgement of its compliance.
August 30, 2024
Beijing's Strategy to Retain Foreign Investment
In an effort to put foreign investors at ease and retain their businesses onshore, Beijing is rolling out supportive measures and assurances, countering the decreasing inflow of direct foreign investments.
August 30, 2024
Zeekr 7X: Geely's Answer to Tesla
Geely is pinning its hopes on the Zeekr 7X midsize SUV to rival Tesla’s top-selling Model Y. The latter, produced in Shanghai, is currently the bestselling midsize SUV in mainland China with a starting price of 249,900 yuan (US$35,239), outpacing all electric and petrol-fuelled models in sales.
August 30, 2024
Zeekr 7X: Geely's Tesla Rival
Geely is banking on its Zeekr 7X midsize SUV to challenge Tesla's top-selling Model Y. The Shanghai-manufactured Model Y, with a starting price of 249,900 yuan (about US$35,239), currently holds the crown as the most popular midsize SUV in mainland China, outpacing all other electric and petrol-fueled models.
August 29, 2024
China's Big Bet on AI Infrastructure
In response to the escalating tech battle with the United States over AI chips and semiconductors, China has pumped an impressive £4.6 billion into a nationwide project. The project's aim is to construct eight state-of-the-art computing hubs, as reported by Xinhua.
August 29, 2024
JD.com Outpaces Alibaba in Shipping Speed
In an attempt to attract international Chinese consumers, e-commerce behemoth JD.com is promising expedited shipping to the US, Japan, and Singapore, with deliveries reaching customers in just five days. This bold move places JD.com in direct competition with rival Alibaba.
August 29, 2024
China's Debt Risk Mitigation: Iron Pots to Steel
In an attempt to ward off debt risk, Bishan district government in the Chongqing municipality, China has decided to take drastic measures. They plan on liquidating several state-owned assets, which includes buildings, land, and sizeable equipment.
August 29, 2024
China's Debt Dilemma: Liquidating Assets
In an attempt to avoid debt risk, the Bishan district government in the Chongqing municipality of China is set to liquidate its state-owned assets. This includes a wide array of properties such as buildings, land, and considerable equipment.
August 29, 2024
Huawei's 2024 Earnings Soar Amidst Sanctions
Despite facing US sanctions, the Chinese technology powerhouse, Huawei, experienced a remarkable 34% surge in revenue, reaching US$58.6 billion for the first half of 2024. This impressive growth is largely due to the resurgence in their smartphone sales within China.
August 29, 2024
Alibaba's Swift Cross-Border Deliveries
Cainiao, Alibaba's logistics company, has unveiled a new delivery route that connects the Hong Kong airport to Zhuhai. This strategic move allows for next-day delivery of online purchases to customers in Shanghai, Zhejiang, and Jiangsu, making cross-border shopping a breeze.
August 29, 2024
Imminent Sino-US Trade Talks
Trade representatives from the United States and China are poised to engage in a major discussion in the northern Chinese metropolis of Tianjin on the 7th of September.
August 29, 2024
English Concerns Over CATL's Pentagon Inclusion
Two Republican politicians have appealed to the Pentagon, requesting the addition of Chinese battery producer, CATL, to the restricted list. They claimed the firm's connections to the Chinese Communist Party and its military could compromise national security, due to dependence on CATL batteries.