Suzhou

Taiwan semiconductor firm KYEC to exit mainland China amid geopolitical tensions, changes in cross-strait chip supply chain

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Taiwan’s King Yuan Electronics Co (KYEC), one of the world’s largest semiconductor testing and packaging services firms, has divested its entire stake in a subsidiary at manufacturing hub Suzhou, in eastern Jiangsu province, as part of efforts to exit mainland China amid geopolitical tensions and cross-strait chip supply chain changes. KYEC unit KYEC Microelectronics Co … Read more

China’s Suzhou city plans supercharged cross-border e-commerce business after Shein and Temu success

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The hi-tech manufacturing hub of Suzhou has unveiled a plan to double the city’s cross-border e-commerce annually for the next three years, as it looks to tap into the growing influence of Chinese platforms such as Shein and PPD Holdings’ Temu. The municipal government of the city in eastern Jiangsu province has issued a policy … Read more

‘Good intentions’: China’s canteens for seniors are losing money and shutting down from lack of demand

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CCTV said six of a total of nine canteens had folded “due to losses” in a district in a central province, but did not name the exact location. Further investigation revealed that over 60 per cent of the province’s community canteens were running at a loss, according to the report. Workers prepare food at a … Read more

The bizarre theme park abandoned down the road from Disney World

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On opening day in December 1993, Americans weren’t sure what to make of Splendid China, and the theme park’s own marketing department certainly didn’t help. “The average tourist does expect a fantasy world, flashing lights and glitz,” the marketing director admitted. “This park is not that.” Splendid China was, America soon found out, a tangle … Read more