Beijing

New Business Jobs

Can China’s yuan, now a familiar face around the world, become a must-have currency?

China’s growing economic influence and trade with the rest of the world has made the yuan more acceptable to foreign…

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New Business Jobs

China approves 117 video games in August, the most in 2024, amid Black Myth: Wukong mania

The NPPA has licensed a total of 850 domestic titles in the first eight months of this year, compared with…

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Tech

Tech war: Beijing sets up US$1.2 billion semiconductor fund as China splurges on chips

The Beijing municipal government has set up a new semiconductor investment fund, as China ramps up support for its chip…

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New Business Jobs

Black Myth: Wukong is a good omen for some, but small Chinese game developers see obstacles

The response has been so enthusiastic that it has raised the hopes of China’s video gaming industry about the prospects…

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New Business Jobs

Beijing to tap free-trade zones to reassure foreign investors with pro-business pledge

Beijing has vowed to give more prominence to China’s free-trade zones, as well as a roll-out of pro-business measures, including…

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Tech

China invests US$6.1 billion in data centre infrastructure amid surge in demand for AI chips

China has invested 43.5 billion yuan (US$6.1 billion) on a nationwide project to build eight computing hubs, according to a…

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New Business Jobs

Shimao’s losses spike 90% as embattled developer is gripped by China’s property downturn

Losses at Shimao Group Holdings, the embattled mainland Chinese developer, jumped nearly 90 per cent in the first half as…

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New Business Jobs

JD.com lures overseas Chinese shoppers with faster shipping in rivalry with Alibaba

JD.com is launching five-day international shipments for customers in the US, Japan and Singapore, as the Chinese e-commerce giant fights…

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Tech

Meituan reports robust revenue, profit growth in second quarter on ‘value for money’ approach

China’s largest on-demand service provider Meituan reported on Wednesday a 21 per cent jump in second-quarter revenue, bolstered by steady…

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New Business Jobs

Chinese EV makers BYD and Li Auto report higher earnings, narrower margins

“Top players have shown their resilience after getting off to a slow start this year,” said Ding Haifeng, a consultant…

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