According to media reports, Tencent-backed Full Truck Alliance is planning its IPO in New York. The company, which has also been dubbed “Uber for trucks”, intends to raise up to $1.5 billion, according to news agency reports. That amount would make the venture the second-largest US listing by a Chinese company this year, after that […]
Tech giant Xiaomi posted strong revenue and profit growth in the first quarter. Xiaomi’s total revenue rose 54.7 percent year-on-year to ¥76.9 billion (about $12 billion) in the three months to March this year, business portal Caixin reported. According to the latest published earnings report, about two-thirds of the sum came from smartphone sales which […]
Following Beijing’s announcement on the three-child policy, Chinese child and baby product manufacturers have seen profits rise on the stock market for the second day in a row. Dairy company Beingmate’s shares rose ten percent in Shenzhen, while fertility clinic service provider Jinfa Labi Maternity & Baby Articles saw similar gains, Bloomberg reported. Hubei Goto […]
Starting next year, new import rules for China will come into effect for foreign food producers. From Jan. 1, 2022, food producers from abroad must be registered with Chinese customs, according to a decree issued by China’s General Administration of Customs. It states that this also applies to companies that process or store the goods. […]
The World Health Organization (WHO) has granted an Emergency Use Listing (EUL) to the Covid vaccine from Chinese manufacturer Sinovac. This will ensure that the vaccine “meets international standards for safety, efficacy and manufacturing,” according to a WHO statement on Tuesday. “The world desperately needs multiple COVID-19 vaccines to address the huge access inequity across […]
Hungary’s planned Covid vaccine production plant will also be equipped to manufacture Chinese Covid vaccines, according to media reports. This was announced by Hungary’s Foreign Minister Péter Szijjártó after a meeting with his Chinese counterpart Wang Yi on Monday, Reuters reported citing Hungary’s state news agency MIT. According to the report, the agreement represents a […]
Beijing has lobbied several EU states for the deal following the European Parliament’s halt to work on the CAI – the first time it has done so again in face-to-face meetings with diplomats. China and the European Union are partners, not competitors, and cooperation will help both sides, Chinese Foreign Minister Wang Yi said in […]
Close enough to touch – that’s what the moon looked like in the sky over Shenzhen on Wednesday night. The rare “supermoon”, in which the full moon is at the closest point in its orbit to Earth, could be observed worldwide.
Following in the footsteps of US electric carmaker Tesla, German car manufacturers prepared everything to store data collected by their vehicles locally in the People’s Republic, according to a report. BMW, Daimler and Ford set up facilities in China to store the data generated by their cars locally in data centers, Reuters reported Thursday. According […]
China has offered EU accession candidate Montenegro to discuss a postponement of the repayment of a multi-million euro loan for the construction of a motorway due in July. In a telephone conversation between Chinese President Xi Jinping and his Montenegrin counterpart Milo Đukanović, a possible postponement of the payment deadline until the end of 2022 […]