Crouch through the small metal door and walk down the dark tunnel, and even before you step into the abandoned air raid shelter, the air reverberates with pounding techno beats. Young Chinese holding drinks and cigarettes shake and sway in a red-lit passageway, below a big screen with rolling quotations from Chairman Mao. This is … Read more
Hainan coconut chicken hotpot, Chongqing noodles, Ningbo fine dining, Sichuan grass jelly drinks, barbecue chains. Hong Kong’s culinary directory has been expanding when it comes to mainland Chinese brands, not least with the recent opening of milk tea specialist Chagee at K11 Art Mall in the city’s Tsim Sha Tsui neighbourhood. The brand’s success began … Read more
China’s southern tech hub Shenzhen spent a record amount on research and development (R&D) last year, rivalling Beijing’s level and vastly exceeding that of neighbouring Hong Kong to cement its position as a national research mecca. Shenzhen’s R&D expenditure jumped to 223.66 billion yuan (US$30.93 billion) in 2023, surpassing the 200-billion-yuan mark for the first … Read more
Tencent Holdings, operator of China’s biggest social media app and the world’s largest video gaming business by revenue, beat analyst estimates with a 47 per cent profit jump in the third quarter, helped by renewed growth in the video gaming segment. Profit reached 53.2 billion yuan (US$7.4 billion) in the three months ended September, up … Read more
A scramble for artificial intelligence (AI) talent is intensifying in China, as local tech giants dangle eye-watering salaries to hire top-notch professionals to compete in a heated AI race. Beijing-based smartphone giant Xiaomi will be hosting a special hiring session for AI experts in areas spanning AI models, computer vision, deep learning, autonomous driving and … Read more
Pharmaceutical giant AstraZeneca, whose China president is under investigation, was previously investigated for medical insurance fraud cases involving cancer medication sales, according to new Chinese media reports. The news comes after the British-Swedish company announced on its official website last week that its China chief Leon Wang was cooperating “with an ongoing investigation”, and its … Read more
Huawei Technologies is expected to launch its new flagship smartphone Mate 70 next month, as a resurgence in its premium handset business intensifies its rivalry with Apple and major Chinese competitors, according to local media reports and a supply chain source familiar with the matter. If confirmed, the launch will offer fresh evidence that the … Read more
The Shenzhen-based company reported a 29.5 per cent jump in revenue to 585.9 billion yuan (US$82.3 billion) in the first three quarters of 2024, up from 452.3 billion yuan in the same period last year, according to a filing to the Shanghai Clearing House, the sole central clearing counterparty in China’s interbank market. However, Huawei … Read more
Shenzhen may be known as a technology hub and centre of innovation, but in recent years the southern Chinese city’s vibrant art scene has also drawn visitors, and it is now home to some of China’s leading art museums. But you don’t have to go to a museum or art gallery to enjoy the art … Read more
China is home to US e-commerce giant Amazon.com’s four biggest merchant bases, according to new research, showing the significant role that the world’s second-largest economy continues to play in the global supply chain despite geopolitical tensions. Shenzhen, a technology and factory hub in China’s southern Guangdong province, leads the pack with 102,588 sellers registered on … Read more
