Guangzhou

Tech

Shein gets go-ahead to build US$514-million first phase of new Guangzhou supply chain hub

Chinese-founded fast-fashion online retailer Shein has received the go-ahead from local authorities in Guangzhou, capital of southern Guangdong province, to…

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New Business

Kaisa says it has creditors’ support as it unveils debt workout plan to avoid liquidation

Kaisa Group has unveiled its long-awaited debt workout plan to avoid a showdown during next month’s liquidation court hearing in…

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New Business

China’s falling home prices slow descent slightly as decline extends to 14 months

Home prices across China suffered a 14th consecutive month of decline in July, a sign that authorities’ rescue package has…

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New Business

Unit of Chinese developer R&F Properties defaults on US$147 million in interest payments

Chinese developer R&F Properties said a subsidiary missed interest payments on offshore notes in another sign of escalating troubles for…

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Tech

AeroHT, flying car affiliate of Chinese EV maker Xpeng, raises US$150 million in financing

“The fresh capital will strengthen AeroHT’s research and development, realise mass production of our products and speed up the commercialisation…

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New Business

China’s winter sports push heats up as experience economy gathers pace with indoor skiing

Average temperature reached record highs in China in July, but Shenzhen’s indoor ski resorts offered a stark contrast to the…

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Tech

Thailand to tighten scrutiny of PDD-backed shopping app Temu to protect local merchants, report says

Thailand to tighten scrutiny of PDD-backed shopping app Temu to protect local merchants, report says Thailand authorities are tightening regulations…

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New Business

China-US flights struggle to fill seats amid high prices, visa issues and cheaper stopovers

The frequency of flights between China and the US in July stood at a mere 23.6 per cent of what…

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Tech

Temu sellers struggle with disputes amid complex company structure outside China

“Given the cross-border nature of these transactions, it’s logical for both parties to agree on a dispute resolution method and…

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New Business

China’s premium EV sales cruise along, while price war pushes profits further off for most

Major electric vehicle (EV) makers in mainland China maintained sales momentum in July thanks to attractive discounts and the growing…

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