Baidu posts flat second-quarter revenue as sluggish economy slowed advertising spending

Baidu posts flat second-quarter revenue as sluggish economy slowed advertising spending

Baidu’s Hong Kong-listed shares closed up 1.71 per cent to HK$86.45 on Thursday. A robotaxi, developed as part of Baidu’s Apollo Go autonomous driving project, seen on the road in Wuhan, capital of central Hubei province. Photo: AFP Although overall revenue edged down, Baidu said in a statement on Thursday that its non-marketing operations grew … Read more

Could China strangle Europe’s weapons output with cotton?

Could China strangle Europe’s weapons output with cotton?

While industry insiders acknowledged there is indeed space for China to manoeuvre in terms of the direction of the flow of nitrocellulose for geopolitical considerations, they rejected the accusations, saying that Beijing could not strangle the supply chain if Europe was willing to ramp up production on their own. Would you know it, deliveries of … Read more

China jails former Three Gorges chief Cao Guangjing for life for taking bribes

China jails former Three Gorges chief Cao Guangjing for life for taking bribes

A former senior official in central China was sentenced on Friday to life in prison for taking over 216 million yuan (US$29.8 million) in bribes and helping others to profit from insider trading. The Xuzhou Intermediate People’s Court in the eastern province of Jiangsu handed down the sentence to Cao Guangjing, 60, former deputy governor … Read more

Chinese football officials given long jail terms over corruption scandal

Chinese football officials given long jail terms over corruption scandal

A number of senior Chinese sports officials have been jailed for corruption, including a former chairman of the Chinese Football Association (CFA) who was given a life sentence. The sentences are the result of an investigation into sports corruption that began in 2022 and has snared a number of senior figures. As well as the … Read more

Plains, trains and uncommon zeal: China’s varied landscapes photographed via railways that traverse them

Plains, trains and uncommon zeal: China’s varied landscapes photographed via railways that traverse them

Since leaving full-time employment in 2015 – a seven-year, post-university stint as an accountant for professional services network Deloitte – Wang’s interest in railways, and photographing them, has morphed from a hobby into his raison d’être. Photographer Wang Lu. He spends three to five months of every year travelling to photograph railway scenes in China. … Read more