Meituan expands instant retail, scales back community group-buying in unprofitable areas · TechNode
Meituan announced on June 23 that it will fully expand its instant retail business while retreating from loss-making regions in its community group-buying unit, Meituan Youxuan. The company will reallocate…
CSSC to boost shipbuilding clout with a mega merger
A drone image shows a CSSC shipbuilding site at a yard in Qingdao, Shandong province, in May. YU FANGPING/FOR CHINA DAILY The long-anticipated share-swap merger between China CSSC Holdings Ltd…
China’s summer box office surpasses 10 billion yuan, led by domestic films
The audience walk past film posters at a cinema in Nanjing, East China“s Jiangsu province, Aug 17, 2025. BEIJING – China’s summer box office revenue has surpassed 10 billion yuan…
China solicits public opinions on draft regulation for interbank foreign exchange market
BEIJING – China“s central bank and foreign exchange regulator began soliciting public opinions on Friday regarding a draft regulation designed to strengthen supervision of the interbank foreign exchange market and…
Green power application zone to debut at China-Arab expo
YINCHUAN – The seventh China-Arab States Expo will feature its first-ever green power application zone, highlighting cutting-edge solutions for renewable energy consumption, organizers announced on Friday. Set to run from…
Greater collaboration in AI high on agenda
An attendee interacts with a robot during the 2025 SCO Digital Economy Forum in Tianjin on July 11. TONG YU/CHINA NEWS SERVICE The Shanghai Cooperation Organization remains committed to deepening…
Belvoir unveils franchise operations platform
Estate agency group Belvoir has rolled out management platform, Fransys, to help all its estate agency groups communicate and train staff. The group operates more than 170 offices, employing 350…
Hong Kong arrivals surge 12%, post-Covid record 5.15 million visits in August
Hong Kong’s visitor numbers remain on track for a 12 percent increase, with August reaching a post-Covid record high, according to the city’s tourism chief. Meanwhile, bookings for the first…
Kuaishou debuts AI sci-fi shorts as race heats up in China’s AI video scene · TechNode
Chinese short video platform Kuaishou unveiled three AI-generated sci-fi shorts on an IMAX screen in Beijing on Wednesday, using its in-house AI tool, Kling. The release comes just days after…
Chinese battery maker CATL bets on innovation, global leadership
CATL“s sodium-ion battery provides stable power at extreme temperatures as low as -40 degrees Celsius. With extensive research and development efforts and intelligent manufacturing processes, Contemporary Amperex Technology Co Ltd…