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New Business

‘Not in this economy’: Guangdong’s huge subsidy scheme falls flat with consumers

In early November, China’s most populous province launched its biggest ever consumer subsidy programme, with the government pledging to commit…

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New Business

Unmet healthcare demand in Asia presents Chinese hospital operators with opportunities

Driven by accelerating healthcare demand, Fosun Health plans to target markets in South Asia, Southeast Asia and the Middle East…

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New Business

Mooncake sales on the wane as China’s consumers cut back on non-essentials

Early sales of mooncakes – a food traditionally distributed among families, workplaces and other social groups to celebrate China’s Mid-Autumn…

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New Business

Midea’s AC sales surge 35% in Europe amid heatwaves, offsetting slowdown in China

The blistering summer in Europe, which was marked by unbearable heatwaves, boosted air conditioner sales for Midea Group, as consumers…

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New Business

Why China’s white- and blue-collar workers are worried about losing their shirts

This is the final story in a three-part series exploring the domestic economic challenges China faces as it navigates an…

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New Business

Investors lap up soy sauce maker Haitian’s stock in Hong Kong trading debut with 3.3% gain

Trading under code 3288, Haitian’s shares first changed hands on Thursday at HK$37.50, up 3.3 per cent from their offer…

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New Business

China’s factories race to ship goods amid US trade truce: ‘everyone’s rushing’

Within hours of Beijing and Washington announcing a temporary truce in their ongoing trade war on Monday, production lines across…

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How a Chinese robotics firm maintains the country’s high-voltage power lines

Guangdong Crownpower Electric Power Technology Development has taken a path less travelled in China’s robotics industry, as its products and…

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New Business

JD.com vs Meituan: accusations of monopolistic practices arise in food delivery rivalry

Chinese e-commerce giant JD.com, which launched a food delivery service in February, has publicly accused on-demand delivery giant Meituan of…

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New Business

No respite in sight for top Chinese developers as profits continue to slump

Major Chinese developers like China Overseas Land & Investment and Country Garden Holdings continue to report disappointing earnings, as the…

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