SHANGHAI BOUND: Loro Piana will travel to Shanghai next year for a brand exhibition — a first for the Italian luxury company. The exhibit will be held at the Museum of Art Pudong in Shanghai, a city landmark that was designed by the Paris-based Ateliers Jean Nouvel. This also will be the first time the … Read more
Hong Kong-Taipei is the busiest international flight route, according to a report released Tuesday by aviation intelligence company OAG. The route — which last held that position in 2019 — again tops the list despite seat capacity remaining 15% below pre-pandemic levels, according to OAG’s report. Seven of the 10 busiest international routes in the … Read more
An annual forum that brings together officials and business representatives from Shanghai and Taipei went ahead on Tuesday after Taiwan denied entry to some mainland Chinese attendees. Speaking at the 15th Taipei-Shanghai Twin-City Forum at a Taipei hotel, Shanghai’s vice-mayor Hua Yuan pledged to encourage people from his city to go on group tours to … Read more
China’s integrated circuit (IC) output increased 8.7 per cent year on year to 37.6 billion units in November, as growth slows amid an intensifying US-China tech war and escalating chip restrictions. Growth of IC output – a broad measure of semiconductor production – has fallen to single digits for the first time this year, according … Read more
Chinese consumer spending is so weak that even Starbucks is considering selling a stake in its China franchise, but one venture capital firm is bucking the trend by finding growth in niche sectors despite overall weakness. Shanghai-based company BA Capital, a long term backer of China’s “blind box” toy franchise Pop Mart and jeweller Laopu … Read more
Social media platform Xiaohongshu, known as China’s Instagram, has the wind at its back in its pursuit of an initial public offering in Hong Kong, as its commercialisation efforts pay off, according to sources briefed on the matter. The Shanghai-based company, which is influential among young Chinese women with its user-generated lifestyle content, has selected … Read more
Officials from Shanghai will visit Taipei for the first time in six years to take part in a forum meant to encourage cross-strait communication. Shanghai vice-mayor Hua Yuan will head a mainland delegation taking part in the two-day Shanghai-Taipei City Forum, Taipei city government spokesman Yin Wei said on Wednesday morning. Taipei mayor Chiang Wan-an, … Read more
China has set up a research institute on early Chinese philosophies, taking the discourse beyond Confucius in its latest effort to win the narrative war with the West on governance values. The “Chinese Zhuzi Research Institute”, or “institute of early Chinese philosophies” opened earlier this month at the East China Normal University (ECNU) in Shanghai. … Read more
NetEase, China’s second-largest video gaming company, has cut an undisclosed number of jobs involved in an “underperforming” project that will soon be shut down, according to a person with knowledge of the matter and Chinese media reports. The lay-offs at the company’s offices in southern tech hub Shenzhen affected employees involved in mobile game Hyper … Read more
The Communist Party chief of Shanghai’s Pudong New Area, Zhu Zhisong, is under investigation on suspicion of corruption. The Central Commission for Discipline Inspection (CCDI) said on Wednesday that Zhu, 55, an aerospace veteran, was suspected of committing “serious violations of discipline and law” – a euphemism for corruption. Zhu is the first party chief … Read more
